Top 7 Construction Company in Sweden

In the dynamic realm of construction, Sweden stands as a hub for innovative and sustainable building practices, with a cohort of top construction company in Sweden driving the industry forward. According to data from Statisca for the year 2021, seven standout companies have emerged as leaders, not only in terms of revenue but also in their commitment to societal progress, sustainability, and transformative construction practices. Among these trailblazers are Peab, NCC, Skanska, Veidekke Sverige, JM, Svevia, and AF Gruppen.

These construction company in Sweden have been meticulously chosen based on their financial performance, project diversity, and notable contributions to the construction landscape in Sweden. Peab, the Nordic Community Builder, leads the pack with a commendable net sales figure of SEK 60 billion, setting the stage for its six-decade legacy of community building. NCC, recognized for adeptly navigating intricate construction processes, has solidified its position as a frontrunner in the Nordics, contributing to positive transformations in both commercial and residential sectors.

Skanska, a multinational construction and development powerhouse, has made its mark not only through its impressive revenue but also through its unwavering commitment to sustainability and social responsibility. Veidekke Sverige, an integral part of the Veidekke Group, distinguishes itself with a comprehensive approach to sustainability, reflected in its ambitious goals of halving greenhouse gas emissions and achieving climate neutrality.

JM, a leading residential property developer, acknowledges the pressing challenges posed by the climate crisis and actively works towards transformative sustainability goals. Svevia, a key player in Swedish infrastructure, balances simplicity and complexity in its projects, contributing significantly to sustainable value creation and societal development.

AF Gruppen, a prominent contracting and industrial group, stands out for its dedication to fostering value across diverse stakeholders while embracing sustainable entrepreneurship. These companies have not only demonstrated financial prowess but have also integrated ethical business practices, environmental consciousness, and societal well-being into their core values.

This compilation represents a snapshot of Sweden’s construction landscape, showcasing the diverse strategies and commitments of these top companies as they continue to shape the future of construction in the region. Their selection is based on a comprehensive evaluation of their financial standing, the breadth of their projects, and their impact on societal and environmental sustainability, providing a comprehensive overview of the industry’s frontrunners.

Table of Contents

Top Construction Company in Sweden

Leading construction company in Sweden based on the Statisca Website; these 7 companies were the top based on their revenue (2021):

1. Peab

Revenue (2021): 40,152 M$

Peab, a Nordic Community Builder, stands as a colossal force with 15,000 employees and a commendable net sales figure of SEK 60 billion. Focused on localized presence and resource utilization, Peab actively engages in developing, preparing the groundwork, and constructing the fabric of everyday life in the regions it serves. The construction company in Sweden headquarters grace Förslöv on the Bjäre Peninsula in southern Sweden and its shares are publicly listed on Nasdaq Stockholm.

A pivotal contributor to community building for six decades, Peab traces its humble beginnings back to 1959, when two ambitious brothers, Mats and Erik Paulsson, armed with little more than a tractor, sowed the seeds for what has now blossomed into Sweden’s largest and foremost Nordic construction and civil engineering enterprise.

Over the years, Peab has etched its mark on the landscape, weaving homes, schools, kindergartens, senior housing, museums, malls, offices, cultural and sports arenas, libraries, city halls, roads, bridges, parks, and complete communities into the tapestry of existence. Unbeknownst to many, Peab’s influence may have touched lives through homes, workplaces, children’s schools, or the residences of elderly family members, a fact that fills the construction company in Sweden with pride.

Jesper Göransson, Peab’s CEO, attributes the company’s triumphs entirely to its dedicated personnel, emphasizing the pivotal role played by talented individuals in propelling Peab forward. Founder Mats Paulsson underscores the significance of preserving a close-knit organization and a sense of familiarity, citing these elements as the bedrock for positive workplaces, satisfied customers, and sustained profitability.

Looking towards the horizon, Peab acknowledges the intrinsic human impulse to continually build and refine society. Adapting to shifting trends, external demands, and economic dynamics, Peab draws strength from competition and high customer expectations to pioneer new frontiers. While navigating fresh challenges and expanding the business, the construction company in Sweden remains rooted in its core values of being down-to-earth, developing, personal, and reliable.

In a celebratory spirit, Peab intends to commemorate its sixty-year jubilee throughout 2019, intending to showcase the company’s business and rich history under the emblem of “Peab – sixty years of community building.”

2. NCC

Revenue (2021): 34,016 M$

NCC, a frontrunner in the construction industry across the Nordics, has solidified its position as a leading company known for its adept handling of intricate construction processes. The construction company in Sweden actively contributes to the positive transformation of its customers and society at large, leveraging its extensive expertise. NCC’s operational scope encompasses a wide array of activities, including contracting for building and infrastructure projects, the production of asphalt and stone materials, and the strategic development of commercial properties.

Within the Swedish construction and property development landscape, NCC stands out prominently. The construction company in Sweden is deeply involved in diverse construction projects, ranging from residential and commercial ventures to large-scale infrastructure developments. Noteworthy is NCC’s steadfast commitment to sustainability and its reputation for fostering innovation within the construction sector.

NCC Building Sweden, a vital arm of the organization, specializes in the construction and renovation of various structures, including housing, offices, healthcare facilities, schools, sports complexes, and public buildings. Serving both public and private clients in Sweden, NCC Building Sweden showcases advanced competencies in sustainability, digitalization, and collaborative partnering. What sets NCC apart is its proactive engagement with customers from the inception of projects, fostering a cooperative approach that ensures successful and impactful outcomes.

In essence, NCC’s influence extends beyond conventional construction practices. It is a transformative force, reshaping the construction industry’s narrative through a combination of expertise, sustainability initiatives, and innovative methodologies. The construction company in Sweden’s holistic approach, from contracting to property development, underscores its dedication to not only meeting but exceeding the evolving needs of its clientele and contributing positively to the broader societal context.

3. Skanska

Revenue (2021): 33,275 M$

Skanska, a Sweden-based multinational construction and development powerhouse, has etched its reputation in the global landscape by spearheading major construction projects spanning infrastructure, commercial, and residential developments. Renowned for its commitment to sustainability and social responsibility, Skanska is a leader in the construction industry.

Functioning as a prominent community developer, Skanska propels the evolution of green construction, climate action, social sustainability, and diversity. The construction company in Sweden places safety and ethics at the forefront, not only within its own operations but also by imposing stringent sustainability standards on suppliers and subcontractors. Skanska actively engages in initiatives to contribute to the social sustainability of local communities, showcasing a holistic approach to its corporate responsibility.

Prioritizing the health and well-being of its workforce, Skanska strives for accident-free and healthy work environments. The construction company in Sweden places a premium on the safety and responsibility of its work sites, fostering conditions where employees return home unharmed and in good health.

Green construction principles are ingrained in Skanska’s projects, encompassing both the substance and methodology of its endeavors. With a vision of achieving climate neutrality by 2045, the construction company in Sweden has pioneered energy-efficient and self-sufficient constructions, minimizing environmental footprints. Skanska’s commitment extends to manufacturing practices, incorporating biofuels and energy-efficient processes in the production of asphalt and concrete products.

Skanska’s sustainability efforts are quantified and tracked through its proprietary model, “Skanska’s Green Map,” which measures progress in critical areas such as energy, climate, materials, and water.

Beyond construction, Skanska is dedicated to cultivating a socially sustainable society through its projects. Collaborating with customers, partners, and community stakeholders, the construction company in Sweden actively invests in people, society, and the future, striving to generate both commercial and public benefits.

In alignment with its vision, Skanska aims to be a role model for diversity, reflecting the societal tapestry in which it operates. The construction company in Sweden creates an inclusive work environment, fostering employee development and satisfaction, and endeavors to be a trailblazer in promoting diversity and inclusivity within the industry. Skanska’s holistic and forward-thinking approach positions it as a vanguard in sustainable construction and corporate responsibility on the global stage.

4. Veidekke Sverige

Revenue (2021): 12,509 M$

Veidekke Sverige, headquartered in Sweden, stands as a distinguished construction and civil engineering entity offering an extensive spectrum of services, encompassing building construction, civil engineering, and industrial construction. It operates as an integral component of the Veidekke Group, a prominent force in Scandinavia’s construction and property development landscape.

Sustainability lies at the heart of Veidekke Sverige’s strategic framework, reflecting a multifaceted commitment to environmental consciousness, climate responsibility, social accountability, and robust corporate governance. The construction company in Sweden actively champions the cause of the green shift, diligently working towards minimizing its own environmental impact and facilitating clients in realizing their sustainability aspirations. A key facet of their approach involves prioritizing projects where their expertise and methodologies contribute significantly to a diminished climate footprint.

Veidekke Sverige has crystallized its sustainability objectives with clarity and ambition. One notable goal is the ambitious aim to halve greenhouse gas emissions from its operations by 2030, aligning closely with the Paris Agreement and adhering to Science Based Targets. Concurrently, the construction company in Sweden is steadfast in its commitment to achieving climate neutrality (net zero) before 2045, aligning with the Paris Agreement and Science Based Targets. Beyond environmental considerations, Veidekke Sverige also places a premium on the well-being of its workforce, aspiring to achieve zero serious work injuries and reducing the overall number of injuries by 20% annually.

In parallel, the construction company in Sweden is deeply committed to fostering diversity within its business landscape, recognizing the intrinsic value of varied perspectives. This multifaceted sustainability approach underscores Veidekke Sverige’s holistic vision, where ecological responsibility, social consciousness, and operational excellence converge to shape a resilient and responsible future.

5. JM

Revenue (2021): 12,075 M$

JM, a distinguished construction construction company in Sweden headquartered in Sweden, specializes in the construction of both residential and commercial properties, earning widespread acclaim for its unwavering commitment to high-quality construction and sustainable building practices.

As a leading residential property developer in the Nordic region, JM assumes a pivotal role in the societal development of the areas where they embark on creating new homes and residential communities. Recognizing the environmental impact inherent in their enterprise, JM openly acknowledges the magnitude of their carbon footprint and the consequential responsibility that accompanies it.

Faced with the pressing challenges of the climate crisis, JM advocates for a comprehensive and far-reaching transformation. They firmly believe that housing and societal development can be carried out sustainably, and they are actively engaged in extensive efforts across all facets of their organization to actualize the sustainability goals they have set.

JM is currently immersed in rigorous testing and evaluation of new methods and initiatives, all with the overarching aim of seamlessly integrating them throughout their entire corporate group. The journey towards sustainability is seen not merely as an isolated endeavor but as a collaborative one, requiring ongoing dialogue and cooperation with a diverse range of stakeholders. This collaborative effort includes engagement with suppliers, county administrative boards, municipalities, researchers, and companies both within and beyond their specific sectors.

In recognizing the interconnectedness of its enterprise with the broader societal and environmental context, JM understands that achieving its sustainability objectives necessitates a collective effort. By fostering collaboration and actively seeking input from various sources, JM positions itself at the forefront of the construction industry’s transition towards a more sustainable and environmentally responsible future.

6. Svevia

Revenue (2021): 8,182 M$

Svevia, a key player in shaping Swedish infrastructure, undertakes a diverse range of projects, from small to large, balancing simplicity and complexity while prioritizing minimal negative impact on both people and the environment. At the heart of its operations lie principles of responsibility and reliability, forming the foundation for enduring relationships with customers, employees, suppliers, the owner, and various stakeholders.

The impact of Svevia’s business extends beyond immediate project outcomes, contributing significantly to sustainable value creation that benefits owners, customers, and society at large. Operating at the core of the social machinery, Svevia assumes a crucial role in societal development. Proactively engaging in sustainability efforts, it drives progress in social, environmental, and economic spheres, aligning its products and services with the broader goal of transitioning to a climate-neutral society.

Svevia’s involvement spans the construction, maintenance, and climate adaptation of roads and other infrastructure, facilitating the seamless functioning of urban and rural spaces to foster human interaction. Simultaneously, the construction company in Sweden is committed to minimizing its environmental footprint, adhering to the principles of sustainable community development.

Whether constructing and maintaining roads, squares, playgrounds, or parks, Svevia’s operations contribute significantly to the creation of sustainable value, ensuring the functionality of both urban and rural areas. Moreover, the construction company in Sweden actively addresses the challenges of climate change, working to mitigate risks such as road and infrastructure flooding and developing resilient asphalt products capable of withstanding higher temperatures.

An essential aspect of Svevia’s business involves laying the groundwork for wind turbines, playing a crucial role in the supply of renewable energy to society. As wind power becomes increasingly integral to the overall energy supply, Svevia contributes to society’s broader transition towards climate neutrality.

Svevia’s commitment to sustainability encompasses the evolution of eco-friendly practices, reducing the environmental and climate impact of its products and services. From energy efficiency to responsible fuel selection and staying abreast of advancements in machinery and vehicles, Svevia actively participates in the journey towards climate neutrality. The construction company in Sweden’s environmental agenda extends to minimizing emissions across air, land, and water, responsibly managing hazardous substances, chemicals, and waste, and championing biodiversity through measures that prevent the spread of invasive species and conservation efforts in and around operational sites.

7. AF Gruppen

Revenue (2021): 6,874 M$

AF Gruppen, a prominent contracting and industrial group, is dedicated to fostering value across diverse stakeholders, including customers, owners, employees, and society at large. Beyond the evident financial success, the company places equal emphasis on the creation of non-financial values integral to its daily operations. Among these values is the commitment to providing a secure working environment for both employees and sub-contractors, unveiling innovative services to address environmental challenges faced by society, and upholding ethical business practices to instill a sense of security among customers. This multi-faceted approach not only enhances the construction company in Sweden’s reputation but also opens avenues for further value creation for its owners.

The construction company in Sweden firmly believes in the symbiotic relationship between a well-functioning society and responsible business and industry practices. Recognizing the intrinsic link between corporate social responsibility and societal well-being, AF Gruppen understands the importance of contributing positively to the community. However, the significance extends beyond altruism, as the company acknowledges the potential for profitable growth by aligning with these principles. In essence, AF Gruppen has coined this approach as “sustainable entrepreneurship,” where the focus is not just on immediate financial gains but on cultivating long-term, mutually beneficial relationships with both society and the business.

Within this framework, AF Gruppen sees corporate social responsibility as a strategic imperative, recognizing its impact not only on the external environment but also on the company’s internal dynamics. By integrating sustainable practices into its business model, the construction company in Sweden positions itself as a responsible corporate citizen, contributing meaningfully to societal progress while simultaneously fortifying its own foundation for sustained success. This holistic commitment to values, ethics, and sustainability underscores AF Gruppen’s vision of being a leader not just in the contracting and industrial realm but also in shaping a better, more resilient future for all stakeholders involved.

Conclusion

In conclusion, the top construction company in Sweden, including Peab, NCC, Skanska, Veidekke Sverige, JM, Svevia, and AF Gruppen, stand as pillars of the industry, each contributing uniquely to the nation’s built environment and societal progress.

Peab, with its six decades of community building, not only showcases impressive financial success but also emphasizes non-financial values, creating a profound impact on the lives of individuals through its diverse projects. As Peab celebrates its sixty-year jubilee, it envisions a future where it continues to pioneer new frontiers while staying rooted in its core values.

NCC, a frontrunner known for its adept handling of intricate construction processes, stands out prominently in the Swedish construction landscape. Skanska, a global construction and development powerhouse, distinguishes itself through its commitment to sustainability, social responsibility, and safety.

Veidekke Sverige, deeply committed to sustainability, reflects a holistic vision where ecological responsibility, social consciousness, and operational excellence converge. JM, a leader in residential and commercial property development, actively addresses the challenges of the climate crisis. Its collaborative efforts with diverse stakeholders position it at the forefront of the industry’s transition towards a more sustainable and environmentally responsible future.

Svevia, a key player in Swedish infrastructure, plays a crucial role in societal development through responsible and reliable practices. AF Gruppen, as a prominent contracting and industrial group, exemplifies sustainable entrepreneurship, recognizing the symbiotic relationship between societal well-being and responsible business practices.

Looking ahead, these top construction company in Sweden are poised to navigate evolving trends, address environmental challenges, and contribute to the creation of a resilient and sustainable built environment. Their future outlook involves adapting to shifting dynamics, embracing innovation, and fostering collaborative approaches to continue shaping Sweden’s construction landscape positively. As they embark on this journey, these companies are not only builders of physical structures but also architects of a better, more sustainable future for the communities they serve.