Operating profit for the period amounted to just over SEK 1.1 billion. Expectations were for SEK 1.2 billion. CEO Anders Danielsson highlights uncertainty linked to the situation in the Middle East in the report.
“The conflict in the Middle East is increasing input costs and reducing the predictability of the market outlook,” he writes in the report.
Although order intake in the construction business was lower than in the same period last year, the order backlog is at a historically high level, the company notes.
“Demand continues to be high for traditional infrastructure and buildings that support the tech industry,” Danielsson writes.
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