{ "schemaVersion": 1, "organisationId": "O-24974fd60b934186bb37949675fbb48f", "slug": "lundbergforetagen-b", "name": "LUNDBERGFORETAGEN B", "updatedAt": "2026-10-04T15:07:42.073451Z", "sections": [ { "type": "OVERVIEW", "text": "Lundbergföretagen is a Swedish investment company that develops and manages businesses through long-term, active ownership. Its stated objective is to create shareholder returns through growth in dividends and net asset value, while also creating value for its portfolio companies and society [P122588500][P28495558][https://www.lundbergforetagen.se/en/about-us/strategy][https://www.lundbergforetagen.se/en/about-us/value-creation].\n\nIts principal reporting areas comprise real estate operations and asset management, as well as holdings in Holmen and Hufvudstaden. These span property ownership and development, investment management, forestry and forest products, and commercial property. Lundbergs’ property portfolio is concentrated in Sweden; its portfolio companies’ operations extend beyond that domestic property footprint [T6594080][P103225937][https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter][https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden].\n\nThe consolidated Group reported net sales of SEK 28.781 billion for 2025 [T8470516]. Founded in Norrköping in 1944 by Lars Erik Lundberg as a residential construction business, the company has since developed into a long-term owner of businesses [P31276801][https://www.lundbergforetagen.se/en/about-us/history].\n[P122588500][P28495558][T6594080][P103225937][T8470516][P31276801][https://www.lundbergforetagen.se/en/about-us/strategy][https://www.lundbergforetagen.se/en/about-us/value-creation][https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter][https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden][https://www.lundbergforetagen.se/en/about-us/history]", "updatedAt": "2026-10-04T15:07:42.073451Z" }, { "type": "PRODUCTS", "text": "Lundbergs’ portfolio companies offer products and services across property, industrial technology, forestry, consumer outdoor equipment, construction and banking. Lundbergs Fastigheter develops retail premises and meeting places, while Hufvudstaden provides commercial offices and retail properties, flexible workplaces through Cecil Coworking, NK department-store retail and online shopping, and parking through Parkaden. In Hufvudstaden’s 2024 rental revenue, offices accounted for 58%, retail and restaurants 36%, and warehouse/other and garage 3% each. [P61179113][P94513189][P28135059]\n\nIndustrial and consumer offerings include Alleima’s advanced-alloy products, such as tubes, heating elements, medical-technology wire and precision strip steel; the company cited more than 900 active alloy recipes. Sandvik supplies equipment, tools, spare parts, services and solutions for mining, crushing, screening, rock processing and manufacturing and machining. Husqvarna Group’s named products include robotic lawnmowers, ride-on mowers, chainsaws and trimmers; Gardena serves home-and-garden users, and Husqvarna Construction supplies equipment, service and support to construction professionals. [P41845446][P23466899][P67680041][P35504490][P115691192]\n\nHolmen’s offerings include forest-management and timber supply, wood products, paperboard, paper and energy; named paperboard products include Invercote, Incada and Inverform. In Holmen’s 2024 operating-profit mix, Forest represented 50%, Board & Paper 43%, Energy 7% and Wood Products 0%. Skanska provides construction and project-development services for buildings and infrastructure, including residential and industrial buildings and civil works. Indutrade’s companies develop, manufacture and sell industrial-technology components, systems and services, while Handelsbanken provides banking products, services, financing and advice. [P58457957][P67141781][https://www.holmen.com/en/board-and-paper/products/][https://www.holmen.com/en/board-and-paper/products/paperboard/][P42923699][P61631474][https://www.indutrade.com/our-companies/][P16836221]\n[P61179113][P94513189][P28135059][P41845446][P23466899][P67680041][P35504490][P115691192][P58457957][P67141781][https://www.holmen.com/en/board-and-paper/products/][https://www.holmen.com/en/board-and-paper/products/paperboard/][P42923699][P61631474][https://www.indutrade.com/our-companies/][P16836221][https://www.holmen.com/en/board-and-paper/products/][https://www.holmen.com/en/board-and-paper/products/paperboard/][https://www.indutrade.com/our-companies/]", "updatedAt": "2026-10-04T15:07:42.073451Z" }, { "type": "GEOGRAPHY", "text": "Lundbergs’ directly operated property businesses are concentrated in Sweden. Hufvudstaden owns and manages commercial properties in central Stockholm and Gothenburg, while Lundbergs Fastigheter operates in ten Swedish cities; its property register includes Norrköping, Linköping and Stockholm. [P25573988][https://www.lundbergfastigheter.se/][https://www.lundbergfastigheter.se/om-oss/fastighetsregister]\n\nThe FY2025 group annual report does not disclose revenue by country or region, so a geographic sales mix cannot be quantified from the available group reporting. [P103225937][https://www.lundbergforetagen.se/sites/default/files/2026-03/Lundbergs_Annual_Report_2025-4_0.pdf] Holmen, a portfolio company, reports around 3,500 employees across 13 countries, including 2,500 in Sweden; this is Holmen’s workforce rather than a consolidated Lundbergs employee distribution. [https://www.holmen.com/en/about/]\n[P25573988][P103225937][https://www.lundbergforetagen.se/sites/default/files/2026-03/Lundbergs_Annual_Report_2025-4_0.pdf][https://www.lundbergfastigheter.se/][https://www.lundbergfastigheter.se/om-oss/fastighetsregister][https://www.holmen.com/en/about/]", "updatedAt": "2026-10-04T15:07:42.073451Z" }, { "type": "SEGMENTS", "text": "Lundbergs’ latest available report as of October 4, 2026, is its January–June 2026 interim report. Its reported business sectors are Lundbergs Real Estate Operations, Lundbergs Asset Management, Holmen and Hufvudstaden; the reporting does not provide these sectors’ contributions as percentages of revenue or profit. [https://www.lundbergforetagen.se/en/press/lundbergs-interim-report-january-june-2026-2477277][T14140283] The group’s activities span property operations, equity management, and Holmen’s forest, energy, wood products and board-and-paper businesses; Hufvudstaden operates commercial properties. [P122588640][P21339496][https://www.lundbergforetagen.se/en/equity-holdings/holmen][https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden]\n\nAs an approximate **portfolio-value** breakdown—not operating revenue or profit—the four sectors represent about **68% Lundbergs Asset Management**, **14.5% Lundbergs Real Estate Operations**, **10.6% Holmen** and **6.9% Hufvudstaden**. The estimate uses Lundbergs’ holding weights reported as of August 25, 2026; the asset-management share is the approximate remainder represented by other listed investments, including Industrivärden, Indutrade and Sandvik. [https://www.lundbergforetagen.se/en/equity-holdings][https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter][https://www.lundbergforetagen.se/en/equity-holdings/holmen][https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden][https://www.lundbergforetagen.se/en/equity-holdings/industrivarden][https://www.lundbergforetagen.se/en/equity-holdings/indutrade][https://www.lundbergforetagen.se/en/equity-holdings/sandvik]\n[T14140283][P122588640][P21339496][https://www.lundbergforetagen.se/en/press/lundbergs-interim-report-january-june-2026-2477277][https://www.lundbergforetagen.se/en/equity-holdings][https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter][https://www.lundbergforetagen.se/en/equity-holdings/holmen][https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden][https://www.lundbergforetagen.se/en/equity-holdings/industrivarden][https://www.lundbergforetagen.se/en/equity-holdings/indutrade][https://www.lundbergforetagen.se/en/equity-holdings/sandvik]", "updatedAt": "2026-10-04T15:07:42.073451Z" }, { "type": "HISTORY", "text": "Lundbergföretagen began in 1944, when Lars Erik Lundberg founded a residential-construction business in Norrköping. During the 1950s and 1960s it expanded geographically and into office and department-store construction, while also building a property business. From the late 1970s, it diversified into finance and industry; the company was listed on the Stockholm Stock Exchange in 1983. [https://www.lundbergforetagen.se/en/about-us/history]\n\nDuring the 1990s, Lundbergs transferred its construction operations to Siab, which merged with NCC in 1997, and sold Östgöta Enskilda Bank to Danske Bank that year. It built significant holdings in companies including Holmen and Hufvudstaden and became principal owner of Cardo in 1998. In 2010 it agreed to sell its Cardo holding to ASSA ABLOY; the sale was completed in 2011. [https://www.lundbergforetagen.se/en/about-us/history] [https://www.lundbergforetagen.se/en/press/lundbergs-sells-its-cardo-shareholding-1180036] [https://www.lundbergforetagen.se/en/press/lundbergs-sale-its-entire-holding-cardo-shares-assa-abloy-completed-1192575]\n[https://www.lundbergforetagen.se/en/about-us/history][https://www.lundbergforetagen.se/en/press/lundbergs-sells-its-cardo-shareholding-1180036][https://www.lundbergforetagen.se/en/press/lundbergs-sale-its-entire-holding-cardo-shares-assa-abloy-completed-1192575]", "updatedAt": "2026-10-04T15:07:42.073451Z" } ], "sources": [ { "id": "P122588500", "href": "https://app.finbar.com/go?id=P122588500", "label": "LUNDBERGFORETAGEN B — Partial financial report (2026 Q 1), p1", "documentId": "D-7c908dbcb61d492ea9fafd2740531421", "page": 1 }, { "id": "P28495558", "href": "https://app.finbar.com/go?id=P28495558", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p5", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 5 }, { "id": "https://www.lundbergforetagen.se/en/about-us/strategy", "href": "https://www.lundbergforetagen.se/en/about-us/strategy", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/about-us/value-creation", "href": "https://www.lundbergforetagen.se/en/about-us/value-creation", "label": "www.lundbergforetagen.se" }, { "id": "T6594080", "href": "https://app.finbar.com/go?id=T6594080", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p8", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 8 }, { "id": "P103225937", "href": "https://app.finbar.com/go?id=P103225937", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p8", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 8 }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter", "href": "https://www.lundbergforetagen.se/en/equity-holdings/lundbergs-fastigheter", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden", "href": "https://www.lundbergforetagen.se/en/equity-holdings/hufvudstaden", "label": "www.lundbergforetagen.se" }, { "id": "T8470516", "href": "https://app.finbar.com/go?id=T8470516", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p6", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 6 }, { "id": "P31276801", "href": "https://app.finbar.com/go?id=P31276801", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p12", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 12 }, { "id": "https://www.lundbergforetagen.se/en/about-us/history", "href": "https://www.lundbergforetagen.se/en/about-us/history", "label": "www.lundbergforetagen.se" }, { "id": "P61179113", "href": "https://app.finbar.com/go?id=P61179113", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p34", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 34 }, { "id": "P94513189", "href": "https://app.finbar.com/go?id=P94513189", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p39", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 39 }, { "id": "P28135059", "href": "https://app.finbar.com/go?id=P28135059", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p38", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 38 }, { "id": "P41845446", "href": "https://app.finbar.com/go?id=P41845446", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p43", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 43 }, { "id": "P23466899", "href": "https://app.finbar.com/go?id=P23466899", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p43", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 43 }, { "id": "P67680041", "href": "https://app.finbar.com/go?id=P67680041", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p45", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 45 }, { "id": "P35504490", "href": "https://app.finbar.com/go?id=P35504490", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p40", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 40 }, { "id": "P115691192", "href": "https://app.finbar.com/go?id=P115691192", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p40", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 40 }, { "id": "P58457957", "href": "https://app.finbar.com/go?id=P58457957", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p37", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 37 }, { "id": "P67141781", "href": "https://app.finbar.com/go?id=P67141781", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p36", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 36 }, { "id": "https://www.holmen.com/en/board-and-paper/products/", "href": "https://www.holmen.com/en/board-and-paper/products/", "label": "www.holmen.com" }, { "id": "https://www.holmen.com/en/board-and-paper/products/paperboard/", "href": "https://www.holmen.com/en/board-and-paper/products/paperboard/", "label": "www.holmen.com" }, { "id": "P42923699", "href": "https://app.finbar.com/go?id=P42923699", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p46", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 46 }, { "id": "P61631474", "href": "https://app.finbar.com/go?id=P61631474", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p46", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 46 }, { "id": "https://www.indutrade.com/our-companies/", "href": "https://www.indutrade.com/our-companies/", "label": "www.indutrade.com" }, { "id": "P16836221", "href": "https://app.finbar.com/go?id=P16836221", "label": "LUNDBERGFORETAGEN B — Full financial report (2024 Y), p44", "documentId": "D-6b70b90301e7415ea7064153e5f9dc68", "page": 44 }, { "id": "P25573988", "href": "https://app.finbar.com/go?id=P25573988", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p5", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 5 }, { "id": "https://www.lundbergfastigheter.se/", "href": "https://www.lundbergfastigheter.se/", "label": "www.lundbergfastigheter.se" }, { "id": "https://www.lundbergfastigheter.se/om-oss/fastighetsregister", "href": "https://www.lundbergfastigheter.se/om-oss/fastighetsregister", "label": "www.lundbergfastigheter.se" }, { "id": "https://www.lundbergforetagen.se/sites/default/files/2026-03/Lundbergs_Annual_Report_2025-4_0.pdf", "href": "https://www.lundbergforetagen.se/sites/default/files/2026-03/Lundbergs_Annual_Report_2025-4_0.pdf", "label": "www.lundbergforetagen.se" }, { "id": "https://www.holmen.com/en/about/", "href": "https://www.holmen.com/en/about/", "label": "www.holmen.com" }, { "id": "https://www.lundbergforetagen.se/en/press/lundbergs-interim-report-january-june-2026-2477277", "href": "https://www.lundbergforetagen.se/en/press/lundbergs-interim-report-january-june-2026-2477277", "label": "www.lundbergforetagen.se" }, { "id": "T14140283", "href": "https://app.finbar.com/go?id=T14140283", "label": "LUNDBERGFORETAGEN B — Partial financial report (2026 Q 1), p8", "documentId": "D-7c908dbcb61d492ea9fafd2740531421", "page": 8 }, { "id": "P122588640", "href": "https://app.finbar.com/go?id=P122588640", "label": "LUNDBERGFORETAGEN B — Partial financial report (2026 Q 1), p8", "documentId": "D-7c908dbcb61d492ea9fafd2740531421", "page": 8 }, { "id": "P21339496", "href": "https://app.finbar.com/go?id=P21339496", "label": "LUNDBERGFORETAGEN B — Partial financial report (2025 Y), p4", "documentId": "D-ecb5cf2513f14a92ab9a9a7a29900b7e", "page": 4 }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/holmen", "href": "https://www.lundbergforetagen.se/en/equity-holdings/holmen", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings", "href": "https://www.lundbergforetagen.se/en/equity-holdings", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/industrivarden", "href": "https://www.lundbergforetagen.se/en/equity-holdings/industrivarden", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/indutrade", "href": "https://www.lundbergforetagen.se/en/equity-holdings/indutrade", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/equity-holdings/sandvik", "href": "https://www.lundbergforetagen.se/en/equity-holdings/sandvik", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/press/lundbergs-sells-its-cardo-shareholding-1180036", "href": "https://www.lundbergforetagen.se/en/press/lundbergs-sells-its-cardo-shareholding-1180036", "label": "www.lundbergforetagen.se" }, { "id": "https://www.lundbergforetagen.se/en/press/lundbergs-sale-its-entire-holding-cardo-shares-assa-abloy-completed-1192575", "href": "https://www.lundbergforetagen.se/en/press/lundbergs-sale-its-entire-holding-cardo-shares-assa-abloy-completed-1192575", "label": "www.lundbergforetagen.se" } ] }