Year-end Report January-December 2022



October–December 2022

  • Order bookings amounted to SEK 974 million (1,749)
  • Income amounted to SEK 2,440 million (2,543)
  • The operating loss amounted to SEK 167 million (profit 71)
  • Cash flow from operating activities amounted to an outflow of SEK 203 million (140)
  • Cash flow for the period amounted to SEK 14 million (outflow 28)
  • The loss for the period amounted to SEK 269 million (profit 87)
  • The equity/assets ratio was 31.7 percent (35.7)

January-December 2022

  • Order bookings amounted to SEK 7,093 million (6,345) and the order backlog was SEK 10,582 million (12,101)
  • Income amounted to SEK 9,205 million (8,735)
  • The operating loss amounted to SEK 109 million (profit 235)
  • Cash flow from operating activities amounted to an outflow of SEK 696 million (115)
  • At the end of the period, available cash and cash equivalents totaled SEK 624 million (775)
  • The loss for the period amounted to SEK 233 million (profit 349)
  • The equity/assets ratio was 31.7 percent (35.7)
  • The Board of Directors proposes that no dividend be paid for 2022

Michael Berglin, CEO Serneke Group, comments:

"Our earnings have been impacted negatively, mainly by three factors: Increased input costs and slowdown in the market, structural changes we have implemented in the company, as well as our increased provisions for disputes in connection with older projects undertaken in the Company’s growth phase. Looking ahead, our change of focus and strengthened processes are building the resilience we lacked in 2022."

"Despite concerns in the market, we increased our sales to SEK 9,205 million (8,735) in 2022, thanks largely to a continued high rate of production at Karlatornet and to our Middle and South regions contributing increased production volumes. The slowdown in the housing market was reinforced towards the end of the year, although continued investments in public properties, and our ambition to steer towards a larger share of public customers, resulted in an increase of SEK 7,093 million (6,345) in order bookings for the year."

Presentation of the Interim Report for January-December 2022
On February 22, 2023 at 9:30 a.m. (CET), Serneke Group will comment on this Year-End Report in a on line 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.

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 and the Securities Market Act. The information was released for public disclosure, through the agency of the contact person above, on 22 February 2023 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 9.2 billion and approximately 1,200 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, industri al 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: Sout h, 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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