We combine growth with control to create a business that remains strong over time. Through clear governance, sound risk awareness and close collaboration in our projects, we ensure stable development.

Our growth is built on a stable financial foundation, sound risk awareness and long-term business relationships.
For us, financial sustainability means maintaining a balance between profitability, cash flow and capital structure over time.

Throughout 2025, the construction market continued to be characterised by uncertainty, weak demand and pressure on margins. In this environment, financial sustainability is essential to making the right decisions and maintaining a long-term perspective, even as conditions change.
Despite the market situation, the Group has grown both in volume and number of employees while maintaining stable profitability. This development reflects a clear priority: combining growth with control, with every contract contributing to long-term value creation.

Governance focused on cash flow and risk
Our financial governance is based on a small number of key performance indicators: operating margin, cash flow and equity ratio. Together, they provide a clear picture of the resilience of our business.

During the year, we strengthened our focus on liquidity and project monitoring. Through structured tendering processes, continuous project management and established working methods, we reduce the risk of deviations and maintain effective control, even in more complex projects.

Relationships and working methods that create stability
Our business is built on long-term relationships and an approach centred on transparency and collaboration. In an uncertain market, this creates both operational and financial stability.

Through collaborative contracting and close dialogue with clients and suppliers, we can improve productivity, reduce risk exposure and create more predictable financial performance.

Sustainability as part of our business
Sustainability is an integral part of our business and contributes directly to our competitiveness. Efficient use of resources, climate-conscious solutions and improved working methods create both financial and environmental value in our projects.
At the same time, our growing and highly skilled organisation strengthens our ability to deliver larger and more complex projects.

Looking ahead
As we enter 2026, uncertainty remains in the wider market, although there are signs of gradual stabilisation. With a strong order backlog, solid client relationships and an organisation with increased capacity, we are well prepared.

Our priorities are clear: to strengthen cash flow, improve margins and continue to grow in a controlled manner. Through financial control, active risk management and an integrated approach to sustainability, we create long-term value in a changing industry.

Financial Report 2025

Revenue and the order backlog increased significantly during the year, while the organisation continued to grow. This development is driven by continued demand from our clients and our ability to secure new contracts even in a more uncertain market.
Margins have been affected by investments in new markets and the generally challenging conditions facing the industry. Overall, the development reflects a stable business with effective control and a strong foundation for continued growth.