CEO Johan Karlström said that it was a year with an overall good result across the business, with increased revenues, improved operating margins and strong order bookings. “Our solid cash flow continues to strengthen the Group’s financial position,” he said. “Taken together, we reached all our financial targets for the full year. This serves as a stable foundation for the continued expansion of our business.”
He added that the construction business stream showed strong order bookings and revenue development in the US civil, UK and Polish operations. There were good operating margins in Sweden, Poland and Finland, despite a tough market.
The order backlog amounted to SEK 170.9bn, representing an increase of 3%.
Operating income also increased compared to 2013 and amounted to SEK5.8bn, a rise of 5.1bn. This included writedowns and restructuring provisions in the Latin American operation of SEK0.8bn. The company is in the process of divesting part of its Latin American operation.
In construction, the operating income increased by 16% to SEK4.5bn.
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