BYGGPNasdaq StockholmEngineering & ConstructionIFRS · SEK

ByggPartner Gruppen

ByggPartnerGruppen is a Swedish construction group organized around the ByggPartner, Åhlin & Ekeroth, and Flodéns segments. The group carries out building contracting, construction services, and related project work across several Swedish regions, with a focus on locally rooted operations and collaboration-based delivery.

Revenue1,548m SEK
−67.4 %y/y
Operating profit (EBIT)51.1m SEK
−41.5 %y/y
EBIT margin3.3%
+1.5 ppy/y
Net income44.4m SEK
−17.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2,00002,0004,0006,000m SEK2021: 2,280 m SEK2021: EBIT 89 m SEK20212022: 3,957 m SEK2022: EBIT -103 m SEK20222023: 4,869 m SEK2023: EBIT -175 m SEK20232024: 4,755 m SEK2024: EBIT 87 m SEK20242025: 1,548 m SEK2025: EBIT 51 m SEK2025TTM 2026: EBIT 209 m SEKTTM209
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Construction contracting55 %

Turnkey and traditional building projects delivered for external clients.

Construction services15 %

Smaller-scale service, maintenance, and follow-on work for existing clients.

Partnering / samverkan projects20 %

Collaborative projects where the company works closely with customers from early stages.

Specialized building-related activities10 %

Scaffolding and timber-related activities within the group structure.

Customers

The customer base is mainly public and commercial buyers, including municipalities, regions, industrial companies, and private property owners. Projects are typically won because of local presence, repeat relationships, and the ability to deliver complex building work in collaboration with the client.

Public-sector clients

Municipalities and regions buying schools, care facilities, and other community buildings.

Private property owners

Property companies and landlords commissioning commercial and residential projects.

Industrial customers

Industrial firms buying premises, facilities, and related construction work.

Repeat local clients

Long-standing customers that return for new projects and service work.

Strategy

The group’s strategy centers on three themes: timber construction, sustainability, and collaboration with customers and partners. It aims to combine local entrepreneurship with group-level capabilities so that each segment can win projects through trust, technical competence, and long-term relationships.

Timber constructionMedium term

Large timber projects are a core differentiator and a source of specialist expertise.

SustainabilityMedium term

Shared sustainability work is used to influence the industry and support customer demand.

Collaboration-based deliveryShort term

Partnering with customers and suppliers supports better project outcomes and recurring business.

Geography

The group operates across several Swedish regions rather than from one national hub, with ByggPartner in Dalarna, Gävleborg, and Mälardalen, Åhlin & Ekeroth in Östergötland, and Flodéns in the Gothenburg region, Bohuslän, and Halland. This regional structure supports local customer relationships and reduces dependence on any single local market.

Risks

The business is exposed to cyclical construction demand, project execution risk, and input-cost volatility, which can affect project timing and margins. It also faces supplier and subcontractor dependence, regulatory and compliance risk, and acquisition risk as the group expands through local building companies.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cyclical construction demand1Input-cost and supply-chain volatility2Project estimation and execution risk3Compliance and subcontractor conduct risk4Acquisition integration risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cyclical construction demandImpact: HighLikelihood: Medium

    Project volumes depend on the broader economy, financing conditions, and customer investment appetite.

    Exposure: All segments

  2. Input-cost and supply-chain volatilityImpact: HighLikelihood: Medium

    Materials, components, and subcontractor pricing can change after tendering.

    Exposure: Project-based contracting

  3. Project estimation and execution riskImpact: HighLikelihood: Medium

    Fixed-price or long-duration projects can underperform if costs, timing, or scope change.

    Exposure: Entrepreneurial construction projects

  4. Compliance and subcontractor conduct riskImpact: MediumLikelihood: Low

    The group relies on external suppliers and subcontractors that must follow internal rules and laws.

    Exposure: Procurement and site operations

  5. Acquisition integration riskImpact: MediumLikelihood: Low

    Purchased businesses may not meet expected earnings or strategic goals.

    Exposure: Group expansion strategy

Accounting

Judgemental items
Revenue recognition on construction contracts

Project accounting depends on estimating progress, costs, and contract outcomes, which can move revenue between periods.

Impact: Affects reported revenue, gross profit, and margin timing

Project estimates and provisions

Tender assumptions and forecast costs can differ from actual procurement and execution.

Impact: Can create gains or losses as estimates are updated

Goodwill and acquired intangibles

The group has acquired businesses with customer relations, brands, and contract-related intangibles.

Impact: Impairment or amortization can materially affect earnings

IFRS 16 leases

Leased equipment and premises are capitalized under lease accounting.

Impact: Changes EBITDA-style presentation, assets, and liabilities

Deferred tax assets

Recoverability depends on future taxable profits and temporary differences.

Impact: Can affect equity and tax expense

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

ByggPartner Gruppen (BYGGP) Revenue, Earnings & Financials 2025 – Clarifo