Sveab shares
Unlisted company
Construction contracts in civil engineering and infrastructure
Sveab carries out civil engineering contracts primarily for public-sector clients such as municipalities, municipally owned companies, the Swedish Transport Administration and Swedavia, and also performs work for private-sector clients, often as a subcontractor on publicly funded projects. Sveab works across all forms of contract, from execution contracts to design-and-build and partnering contracts. Parts of the business operate under framework agreements, including for waterworks and wastewater treatment plants and for several municipalities in Stockholm.
Four business areas
Civil Engineering carries out water and sewerage, groundwork, land development, foundation and civil engineering structure projects, with operations concentrated in the Mälardalen region. Infrastructure specialises in large and complex infrastructure projects involving concrete structures, buildings and structural frames, as well as projects in trackside environments, with particular expertise in cast-in-place concrete and civil engineering projects in marine environments.
Industry operates through the subsidiary Sveab Materialförädling AB, which, with a focus on the circular economy, crushes and recycles materials at its own facility in Brottby outside Stockholm. Machinery comprises Sveab Järnväg AB and its subsidiary Sveab Maskin AB and focuses on railway contracts in trackside environments, with a fleet of rail-mounted machinery approved for Trafikverket’s facilities. Sveab Maskin also rents out construction machinery to other operators.
Customers and contracts
Primarily public-sector clients, as well as private clients
All forms of contracting, from traditional contracting to partnering
Framework agreements with water and wastewater utilities and municipalities in Stockholm
Expertise and in-house capacity
Cast-in-place concrete and construction in marine environments
In-house material processing with a focus on the circular economy
Own fleet of rail-mounted machinery for the railway
Financial performance
Published 15 October 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2025-12-31
- 22MSEK
- Operating cash flow
- 60MSEK
- Net sales
- 1,406MSEK
- Equity ratio
- 27.6%
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Net sales | 1,406(+39.2 %) | 1,010(-20.3 %) | 1,267 |
| Revenue growth | 39.2%(+59.4 pp) | -20.3% | – |
| EBITDA | 42 | -13 | – |
| EBIT | 22 | -33 | – |
| Net income | 11 | -16(-464.8 %) | 4.4 |
| Equity | 211(+5.3 %) | 200 | – |
| Cash and bank | 22(+201.2 %) | 7.4 | – |
| Operating cash flow | 60 | -28 | -16 |
| Equity ratio | 27.6%(-0.4 pp) | 28% | – |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 4m | SEK 129m |
Questions about Sveab
Is Sveab publicly listed?
No, Sveab is not publicly listed. Sveab Holding AB (publ) is a public limited company — a legal form, not a listing — and Sveab shares are instead traded on the unlisted market.
What does Sveab do?
Sveab is a Swedish civil engineering company that builds roads, bridges, railways, and water and wastewater facilities, primarily for public-sector clients. Sveab is organised into four business areas: Construction, Infrastructure, Industry, which processes and recycles excavated materials, and Machinery, which carries out railway contracts and rents out construction machinery.
Can I buy shares in Sveab?
Yes, it is possible to buy shares in Sveab through trading in unlisted shares, provided that there are sellers. Through Eqvor, you place a buy order for Sveab shares and are matched with sellers in the unlisted market.
How do I sell shares in Sveab?
If you own shares in Sveab, you place a sell order via Eqvor and are matched with buyers. Since Sveab is connected to Euroclear, the Sveab shares are delivered to the buyer's custody account after the transaction has been completed.
Is Sveab affiliated with Euroclear?
Yes, Sveab is affiliated with Euroclear. Sveab shares are therefore handled within the Swedish securities system and can be delivered to a custody account with any bank or investment firm once the transaction has been completed.
Can I hold Sveab shares with Avanza or Nordnet?
Yes, since Sveab is affiliated with Euroclear, Sveab shares can normally be held in a securities account with, for example, Avanza or Nordnet, provided that the bank or online broker supports the custody of unlisted shares. However, Sveab shares cannot be held in an investment savings account (ISK).
Does Sveab have redemption or pre-emption clauses?
No, Sveab shares are not subject to redemption or pre-emption rights. Sveab shares may therefore be resold to an external buyer without first being offered to existing shareholders in Sveab.
At what price is the Sveab share traded?
Since Sveab is not listed on a stock exchange, there is no official market price for the Sveab share. Instead, the price is determined by supply and demand between buyers and sellers in the unlisted market.
When will Sveab be listed on the stock exchange?
There is currently no publicly announced timetable for a stock market listing of Sveab. We therefore do not currently know whether or when Sveab may carry out an IPO.
What are the risks of investing in Sveab?
Investing in Sveab involves risk, just like other investments in unlisted shares. As a civil engineering contractor, Sveab is affected by demand for civil engineering and infrastructure projects and by how successfully large projects can be completed within budgeted costs. Trading in unlisted shares also normally entails lower liquidity than trading in listed shares.
Where can I find Sveab's annual report?
Sveab's annual report can be found under Investor Relations and Financial Reports on the company page. Sveab's annual and sustainability reports for the most recent financial years are available there.
Has Sveab carried out any share issues?
Yes, Sveab carried out two cash share issues in 2024. Together, they provided Sveab with approximately SEK 46 million.
How much capital has Sveab raised in total?
Sveab has raised a total of approximately SEK 46 million through new share issues, according to the company’s registered share history. An equity raise is a term for raising capital, but the rounds completed by Sveab are most commonly referred to as funding rounds, financing or new share issues.
Did Sveab report a profit or a loss?
Sveab reported a profit for 2025, when the Group’s earnings amounted to SEK 10,623 thousand. Sveab’s earnings have varied from year to year, and in 2024 the Group reported a loss.