Development across our business areas
Machinery Rental
The machinery rental segment, with Kranpunkten as its principal business, continued to be affected by a weak construction market and a low level of new project starts. This had a noticeable impact on the Group’s overall performance. At the same time, there are encouraging signs linked to several major industrial projects expected to commence in 2026, creating favourable conditions for an improved market environment going forward.
Trade
The Group’s trading businesses operate in a market where digitalisation, efficiency, and customer experience are critical success factors. Both Carepa and the Grevieåsen Group delivered growth and increased their market shares during 2025 and have launched new business plans focused on growth through 2030.
Despite a weaker economic climate and cautious consumer behaviour, which has resulted in Carepa’s customers purchasing smaller volumes, the company continues to attract approximately 50 new customers each month. The potential upside from an improving economy is considered significant, particularly as the outlook for 2026 appears more favourable.
The Grevieåsen Group has also been affected by more restrained consumer spending patterns, with, for example, equestrian customers reducing purchases compared with previous years. Through operational adjustments and a clear focus on efficiency and market development, the company has nevertheless managed the situation well.
Agriculture
Conditions within the agricultural sector continue to vary significantly between different segments of the industry. Grain producers have been impacted by low global commodity prices, while livestock farming has demonstrated stronger profitability.
Ängsgården was affected by lower prices for this year’s harvest. Despite these challenges, the business successfully adapted to market conditions and delivered a positive result, improving on its performance in 2024.
At the same time, the agriculture-focused businesses within the Grevieåsen Group, particularly the acquired companies Agri Center and Gårdsservice, delivered a very strong performance during 2025.
Healthcare
During 2025, Bjäre Invest became the owner of a 33 per cent stake in Peritus Clinic AB through the acquisition of Mats Paulsson Holding AB. Peritus Clinic is a specialist hospital in Lund focused on advanced urological care, offering both outpatient services and highly specialised surgical procedures, including robot-assisted surgery.
Through established healthcare agreements, including partnerships with Region Skåne and Region Halland, combined with specialist medical expertise and advanced surgical capacity, patient volumes increased during 2025. As a result, the clinic further strengthened its position as a leading provider of specialist urological care.
Golf Resorts
The golf resort segment benefited from the strongest market conditions during the year. The number of active memberships in Swedish golf clubs increased to 588,000 in 2025, representing growth of 23 per cent over the past decade according to the Swedish Golf Federation.
Our facilities welcomed a high number of visitors during the year, contributing to increased growth and improved profitability.
A clear trend is the growing interest in golf among younger generations, both through traditional golf and newer formats such as indoor golf. In response, we have initiated an investment at The National in Bara to develop an experience-based driving range with indoor golf facilities.
As part of our resort operations, development projects relating to land and building rights continue around several of our destinations. The residential development market remains cautious, and while we continue to advance zoning plans and marketing preparations, we are postponing sales of development land, including opportunities at Ekerum Resort.
At The National, a planning programme has been approved and development work has commenced for ten exclusive villa plots, creating long-term opportunities for further expansion of the resort business.
