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Serneke Group AB: Interim report January-September 2021


July - September 2021

  • Order bookings amounted to SEK 1,195 million (961)
  • Income amounted to SEK 1,968 million (1,498)
  • Operating profit amounted to SEK 25 million (loss 79)
  • Cash flow from operating activities amounted to SEK 207 million (outflow 167)
  • Cash flow for the period amounted to SEK 268 million (7)
  • Profit for the period amounted to SEK 37 million (negative 66)
  • The equity/assets ratio was 36.7 percent (33.2)

January - September 2021

  • Order bookings amounted to SEK 4,595 million (5,787) and the order backlog was SEK 12,642 million (10,623)
  • Income amounted to SEK 6,192 million (4,705)
  • Operating profit amounted to SEK 164 million (loss 367)
  • Cash flow from operating activities amounted to SEK 255 million (outflow 556)
  • At the end of the period, available cash and cash equivalents totaled SEK 803 million (305)
  • Profit for the period amounted to SEK 262 million (negative 286)

Michael Berglin, CEO Serneke Group, comments:

"Although the third quarter is normally weak in the industry, our third quarter profit of SEK 25 million (loss 79) was our best since 2017. Most gratifying in the quarter was that Serneke Sweden's contracting operations reported profit of SEK 20 million, improving its earnings for the fifth consecutive quarter. While far from complacent, we do find strength in our hard work and discipline, primarily regarding the projects we undertake, also being reflected in the figures."

"We are now taking the next step in the company's development, recruiting four new members of Group Management. Kaia Eichler, Carole Lindmark, Johanna Rutberg and Mikael Hultqvist bring additional expertise and initiative, reinforcing the conditions for keeping our business sustainable in the long term. Management now aims to pick up the pace, increasing the effectiveness of our efforts towards stability and profitability."

Presentation of the Interim Report for January-September 2021
On October 28, 2021 at 9:00 a.m. (CET), Serneke Group will comment on this Interim Report in a conference call with an online presentation for investors, analysts and the media. The presentation will be in Swedish and can be followed live via webcast at Presentation materials for the presentation will be available on the website one hour before the webcast begins.
To participate, please dial: +46 8 566 426 92

For more information, please contact:

Anders Düring, CFO
Tel: +46 70 888 7733

This information is information that Serneke is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact person above, on October 28, 2021 at 08.00 a.m. CET.

Serneke is a rapidly growing corporate group active in contracting and project development. The Group was founded in 2002 and today has income of nearly SEK 6.9 billion and approximately 1,100 employees, organized into three business areas: Serneke Sweden, Serneke Invest and Serneke International. Through novel thinking, the Company drives development and creates more effective and more innovative solutions for responsible construction. The Company builds and develops housing, commercial buildings, industrial facilities, public buildings, roads and civil engineering projects, and other infrastructure. The company's customers consist of both public and commercial clients. The Company's Swedish units operate nationwide and are organized into five regions: South, West, East, Central and North, and are headquartered in Gothenburg. The Company's Series B shares (SRNKE) have been listed on the Nasdaq Stockholm exchange since November 2016.

More information about Serneke Group AB can be found at

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