Construction is Skanska's largest business stream and has operations in selected home markets in the Nordic region, Europe and USA. Here you will find key figures, market drivers and trends.

For society to thrive, people need well-functioning workplaces, housing, transportation hubs, schools, hospitals and other key facilities. Construction – the largest business stream in terms of revenue and number of employees – leverages Skanska's local and Group-wide expertise and resources to enhance communities.

Key figures (2018)

SEK M 2018 2017
Revenue 157,894 150,050
Operating income 1,099 1,205
Operating margin, % 0.7 0.8
Free working capital, SEK bn 25.6 21.8
Operating cash flow* 3,275 2,136
Order bookings, SEK bn 151.7 151.8
Order backlog, SEK bn 192.0 188.4
Number of employees 37,006 39,002

* Before taxes, financing operations and dividends.


Share of Group, %*

* Before central and eliminations.

Operating income

Share of Group, %*

* Before central and eliminations.

Breakdown order backlog, total SEK 192 bn, by type of product

Breakdown order backlog, total SEK 192 bn, by customer structure

Revenue, total SEK 158 bn, by geographic area

Revenue and operating margin, rolling 12 months


Construction, operating income(SEK M)2018201720162015201401,5003,0004,5006,000
Construction, operating income 2018 2017 2016 2015 2014
(SEK M) 1099 1205 3546 3874 4508

Revenue & order backlog per market

Home market Percentage of revenue in construction Order backlog
Nordics 37% SEK 62 bn
Europe 22% SEK 35 bn
USA 41% SEK 95 bn

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 services

Bridges, roads, hospitals, homes and schools are some examples of what we build, renovate and maintain in our Construction services.

Discover our services in Construction