Lundbergföretagen

#1495

Rank

$10.41B

MarketCap SE

SE Sweden

Country

Summary
L E Lundbergföretagen AB (publ) manufactures and sells paperboard, paper, and sawn wood products in Sweden and internationally. It operates through Lundberg's Real Estate Operations, Lundberg's Asset Management, Hufvudstaden, and Holmen segments. The company is also involved in the forest and power operations; and equity management, including securities trading. In addition, it owns and manages commercial office, and retail properties. L E Lundbergföretagen AB (publ) was founded in 1944 and is headquartered in Stockholm, Sweden.

History

In 1944, when Lars Erik Lundberg was only 24, he formed the company that was later to become Lundbergs in his apartment in Norrköping. This company engaged in construction operations and focused on residential building.

At an early stage, Lars Erik Lundberg started to show an interest in investing in proprietary properties, having understood the value represented by expansion into an additional business sector, real estate management. This move created greater stability in the company, which could gradually reduce its dependence on construction operations. It is this foundation upon which Fastighets AB L E Lundberg’s property operations rest today.

At the end of the 1970s, Lundbergs began to consider a further expansion of the group’s operations and, during the 1980s, a series of investments were made within new industries. Finance companies were acquired and developed, as were several smaller industrial companies. Investments were also made in certain publicly listed companies. The group’s operations became increasingly diversified and, during the second half of the 1980s, it was decided that investments outside the core area of construction and real estate operations would be concentrated in a limited number of publicly listed companies.

In 1983, shares in Lundbergs, with Lars Erik Lundberg's son Fredrik Lundberg as President and CEO, were listed on the Stockholm Stock Exchange. From its original status as a wholly owned family company, the step was now fully taken into the glare of the public eye. However, the Lundberg family retained a clear majority holding in the Company.

Accordingly, during its first 60 years, Lundbergs has developed from a construction company to an investment company with interests in several areas.


Mission
To be an innovative and customer-focused provider of high-quality industrial goods and services, forestry and construction, and to ensure sustainable growth for those businesses over the long term.

Vision
To be a reliable partner for our customers and to ensure profitable growth for our businesses.

Key Team

Mr. Ivo Stopner (Chief Exec. Officer of Hufvudstaden)


Recognition and Awards
Lundbergföretagen holds a number of awards, including the World Wide Fund for Nature Corporate Sustainability Award and the Swedish Business Awards. It was honored as the Swedish Company of the Year in 2017.

References
Lundbergföretagen
Leadership team

Dr. Fredrik Lundberg B.Sc. (Econ.), D.Econ, D.Tech., Ho, MBA, MSc. Eng. (Pres, CEO & Director)

Mr. Johan Sandborgh (Head of Sustainability)

Mr. Lars Johansson (Chief Financial Officer)

Products/ Services
Construction, Financial Services, Real Estate
Number of Employees
1,000 - 20,000
Headquarters
Stockholm, Stockholms Lan, Sweden
Established
1944
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
LUND-B.ST
Fri Feb 23 2024
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