Year-end Report January-December 2018
When we summarize our fourth quarter, there are some events that stand out. Two major transactions and a recovery in construction operations.
A summary of 2018 shows a turnover of SEK 6,516 million, corresponding to an increase of 16 percent. Operating profit for the year amounts to SEK 595 million (419), corresponding to a margin of 9.1 per cent.
Secures land allocation surrounding Östertälje
The Municipal Executive Board in the Municipality of Södertälje has resolved to allocate land to Serneke, allowing the Company to begin planning the area surrounding the Östertälje commuter rail station. The plans include up to 500 apartments, businesses and services.
New project for the Swedish Exhibition
Serneke has signed a contract with the Swedish Exhibition & Congress Center (Svenska Mässan) in Gothenburg to construct a new entrance to the congress and exhibition halls. The contract represents the first stage of a collaborative development project between the parties. The contract is valued at about SEK 67 million.