Business streams

Skanska's operations are in Construction, Residential Development, Commercial Property Development and Infrastructure Development. The Business Units within these streams collaborate in various ways, creating operational and financial synergies that generate increased value.


Construction is Skanska's largest business stream in terms of revenue and number of employees. Collaboration with the Group's other business streams and the Company's collective financial resources enable Skanska to take on large, complicated rojects where few competitors can match its expertise and strength.

Skanska’s Construction business stream builds and renovates buildings, industrial facilities, infrastructure and residences. It also executes service-related assignments, in areas such as construction services and facility operations and maintenance.

Market drivers and key trends

GDP growth

Growth in the Construction business stream strongly correlates to growth in GDP.

Public investment

Infrastructure investments are largely driven by the public sector.


Urbanization brings an increasing need for infrastructure to be expanded, which increases demand for the construction business streams’ skills and products in areas such as highways, bridges, mass transit and water treatment works.

Construction, Revenue by geographic area (SEKM)NordicsEuropeNorth America35.2%40.8%24%
Construction, Revenue by geographic area (SEK M) Nordics Europe North America
49555 33753 57340
Construction, Operating income(SEK M)201520142013201220113 0003 5004 0004 5005 000
Construction, Operating income 2015 2014 2013 2012 2011
(SEK M) 3 874 4 512 3 880 3 474 3 467
Construction, Operating income by geographicarea (SEK M)NordicsEuropeNorth America20.4%26.7%52.9%
Construction, Operating income by geographic area (SEK M) Nordics Europe North America
2048 1036 790

Residential Development

Modern families want new homes in residential areas that are close to services, recreational facilities and good transport links. Skanska’s Residential Development business stream focuses on selected target groups and markets.

Generating value in Residential Development begins with an analysis of macroeconomic and demographic trends. Where is the growth, who are the target groups and what do they need and want?

Market drivers and key trends

Household confidence indicator

Potential customers’ views on future pay raises, housing costs and borrowing opportunities affect decisions on whether to buy.


More and more people are moving to cities, leading to increased demand for homes.

Shortage of housing

Housing production has lagged behind population growth, resulting in an undersupply – more homes need to be built. This means greater demand for the business stream’s expertise and products.

Residential Development, Revenue(SEK M)201520142013201220118 5009 50010 50011 50012 500
Residential Development, Revenue 2015 2014 2013 2012 2011
(SEK M) 12 298 9 558 9 234 8 682 8 550
Residential Development, Operating income(SEK M)20152014201320122011-50005001 0001 500
Residential Development, Operating income 2015 2014 2013 2012 2011
(SEK M) 1 174 683 573 -114 345

Commercial Property Development

Skanska’s Commercial Property Development business stream focuses on healthy, green and efficient offices and properties. Skanska initiates, develops, leases and divests properties that contribute to well-being and profitability for both customers and their employees.

The development of commercial projects is a continuous process with a number of clearly defined phases. The average development cycle from project idea to completion is 5–7 years.

Market drivers and key trends

Economic growth

Economic growth increases companies’ recruitment needs, which drives activity in the leasing market.


More people moving to cities increases demand for offices and logistics centers close to cities.

Cost-efficient location

Energy-efficient, green premises in attractive areas are in demand and are contributing to relocation.

Attractive investment

Long-term tenants in high-quality properties offer attractive returns for investors.

Commercial Property Development, Revenue(SEK M)201520142013201220114 0006 0008 00010 00012 000
Commercial Property Development, Revenue 2015 2014 2013 2012 2011
(SEK M) 9 034 10 228 6 206 6 742 5 633
Commercial Property Development, Operatingincome(SEK M)201520142013201220111 0001 2501 5001 7502 000
Commercial Property Development, Operating income 2015 2014 2013 2012 2011
(SEK M) 1 947 1 700 1 068 1 448 1 196

Infrastructure Development

Public private partnership is a form of public procurement in which a project company owned by private companies is given complete responsibility for developing, financing, building, operating and maintaining public facilities such as large hospitals, schools, airports and highways.

Market drivers and key trends


Urbanization increases the need to expand infrastructure.

Lack of financing

There is often insufficient public financing for the new and expanded infrastructure needed. Public private partnerships (PPP) allow such projects to be financed.

Life-cycle perspective

Cost overruns in public projects increase interest in PPP solutions which have a life-cycle perspective in which resourceefficient, innovative and sustainable solutions are delivered on time and for a fixed total cost.

Infrastructure Development, Revenue(SEK M)20152014201320122011075150225300
Infrastructure Development, Revenue 2015 2014 2013 2012 2011
(SEK M) 106 163 87 242 286
Infrastructure Development, Operating income(SEK M)2015201420132012201101 5003 0004 5006 000
Infrastructure Development, Operating income 2015 2014 2013 2012 2011
(SEK M) 863 463 401 588 4 726
Last updated: 4/6/2016

Financial reports

For interim reports, webcasts from press conferences are available.

Geographic markets

We are active in selected home markets in Europe and the U.S.

Geographic markets