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Residential Development

Residential Development provides homes in selected geographic markets in the Nordic region and Europe. Here you will find key figures, market drivers and trends.

Modern families want homes that are well-designed, responsibly produced, reasonably priced and in good locations. Residential Development teams up with the Construction business stream to efficiently provide homes that help make people's lives better and easier.

Key figures (2018)

SEK M 2018 2017
Revenue 10,739 13,237
Operating income 1,505 1,716
Operating margin, % 14.0 13.0
Investments –10,542 -11,093
Divestments 12,146 11,773
Operating cash flow from business operations* 1,154 1,229
Capital employed, SEK bn 13.6 12.7
Return on capital employed, %** 11.4 15.4
Number of employees 542 482

* Before taxes, financing operations and dividends.
** A definition is provided in Note 44 in the 2018 Skanska Annual and Sustainability Report.

Revenue

share of Group, %*

skanska-residential-dev-revenue-en.png

Before central and eliminations.

Operating income

share of Group, %*

skanska-residential-development-operating-income-en.png

1 Before central and eliminations.

Homes started and sold

skanska-residential-development-homes-started-en.png

Homes under construction and unsold completed

residential-development-homes-under-construction-en.png

Residential Development, Revenue(SEK M)2018201720162015201404,0008,00012,00016,000
Residential Development, Revenue 2018 2017 2016 2015 2014
(SEK M) 10739 13237 13264 12298 9558
Residential Development, Operating income(SEK M)2018201720162015201405001,0001,5002,000
Residential Development, Operating income 2018 2017 2016 2015 2014
(SEK M) 1505 1716 1605 1174 683

Revenue & pre-sold ratio per market

Home market Percentage of revenue in Residential Development Pre-sold ratio
Nordic 89% 68%
Europe 11% 68%

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.

Urbanization

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.

Homes offer

Skanska designs and builds attractive homes that make people's everyday lives better and easier.

Discover our homes offers