The year in brief

During the past year, our entire industry has faced a significant slowdown, with rising interest rates and global uncertainties causing setbacks for the construction sector. New housing developments have come to a halt, and the number of completed homes is at a historically low level, which affects all of us in the urban development sector.

We have fared relatively well through this and have not experienced the same deep decline in order intake as many of our industry peers. Nevertheless, we have had to adapt, being a bit more cautious in terms of growth and hiring, while maintaining our focus on infrastructure projects and large industrial investments. Over the year, we have also divested the business in Stockholm and concentrated on developing the three other regions. Heading into the second half of 2024, there are cautiously optimistic signs from clients, with housing projects again being initiated, which in turn drives investments in public infrastructure.

In 2024, Sigma Civil has worked on a wide range of projects, all of which contribute to solving tomorrow’s societal challenges. We are involved in projects that include large-scale carbon capture, safeguarding communities against rising sea levels and flooding, and the final storage of spent nuclear fuel. Everything we do is about long-term thinking and entrepreneurship.