The construction industry has been a cornerstone of economic stability in the third quarter, with record high order backlogs across major markets. While the real estate market shows signs of gradual improvement, the road to recovery remains long. CEO Anders Danielsson expressed satisfaction with the strong financial performance, citing a solid cash flow and robust financial position.
Revenue saw a 6.1% increase to 42,799 million SEK, slightly below the Bloomberg analyst consensus of 42,908 million SEK. Operating profit surged to 1,261 million SEK, surpassing expectations, with a 2.9% operating margin compared to 1.4% in the previous period. Pre-tax profit reached 1,375 million SEK, nearly double the previous quarter, while net profit soared to 962 million SEK, resulting in an earnings per share of 2.28 SEK.
The operational cash flow spiked to 6,188 million SEK, a significant improvement from the previous quarter. The order intake in the construction segment amounted to 50.8 billion SEK, marking a substantial increase from the previous period. Adjusted for currency effects, the order intake surged by an impressive 63%.
The company’s performance underscores its resilience in the face of challenging market conditions, showcasing its ability to adapt and thrive in a rapidly changing landscape. With a strong financial foundation and a robust pipeline of projects, the future looks promising for the construction firm as it continues to navigate the complexities of the global economy.
As the construction industry remains a vital engine of economic growth, the company’s success serves as a testament to its strategic vision and operational excellence. With a steady focus on innovation and efficiency, the firm is well-positioned to capitalize on emerging opportunities and drive sustainable growth in the long term. In a landscape characterized by uncertainty and volatility, the company’s performance stands out as a beacon of stability and resilience, setting a high bar for industry peers to aspire to.