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)2016201520142013201201,5003,0004,5006,000
Construction, Operating Income 2016 2015 2014 2013 2012
(SEK M) 3 546 3 874 4 512 3 880 3 474
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)2016201520142013201204,0008,00012,00016,000
Residential Development, Revenue 2016 2015 2014 2013 2012
(SEK M) 13 264 12 298 9 558 9 234 8 682
Residential Development, Operating Income(SEK M)20162015201420132012-60006001,2001,800
Residential Development, Operating Income 2016 2015 2014 2013 2012
(SEK M) 1 605 1 174 683 573 -114

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)2016201520142013201203,0006,0009,00012,000
Commercial Property Development, Revenue 2016 2015 2014 2013 2012
(SEK M) 10 226 9 034 10 228 6 206 6 742
Commercial Property Development, OperatingIncome(SEK M)2016201520142013201206001,2001,8002,400
Commercial Property Development, Operating Income 2016 2015 2014 2013 2012
(SEK M) 2 336 1 947 1 700 1 068 1 448

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

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 resource-efficient, innovative and sustainable solutions are delivered on time and for a fixed total cost.

Attractive investment

Projects with stable, long cash flows with public counterparties offer attractive returns for investors.

Infrastructure Development, Revenue(SEK M)20162015201420132012075150225300
Infrastructure Development, Revenue 2016 2015 2014 2013 2012
(SEK M) 237 106 163 87 242
Last updated: 5/4/2017

Financial reports about business streams

The Interim reports page contain interim reports as well as webcasts on business stream reporting.

Geographic markets

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

Geographic markets