L E Lundbergföretagen AB (called Lundbergföretagen or Lundbergs) is an investment company controlled by the Swedish businessman Fredrik Lundberg and family.

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 Norrköping ( , ) is a city in the province of Östergötland in eastern Sweden and the seat of Norrköping Municipality, Östergötland County, about 160 km southwest of the national capital Stockholm, 40 km east of county seat Lin ...

. 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 A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

, were listed on the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total ...

. 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. At year-end 2023, L E Lundbergföretagen AB had a net asset value of SEK 135.1 billion ($12.8 billion) and consolidated net sales of SEK 28.7 billion ($2.7 billion). Profit after tax totalled SEK 8.7 million ($821 million). In 2024, Fredrik Lundberg stepped down as

Chairman of the Board The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by ...

and was replaced by Louise Lindh. She was previously

of the subsidiary Lundbergs Fastigheter and was replaced by Johan Ladenberg.

Investments

Lundbergs held shares in the following companies as of 22 September 2009:

Operating companies

*Fastighets AB L E Lundberg – real estate

Listed holdings

*Hufvudstaden AB – real estate (45.3% stake, 88.1% voting rights) * Holmen AB –

pulp and paper industry The pulp and paper industry comprises companies that use wood, specifically pulpwood, as raw material and produce pulp, paper, paperboard, and other cellulose-based products. Manufacturing process In the manufacturing process, pulp is intr ...

(28% stake, 52% voting rights) *Cardo AB – industrial doors, logistics systems, water treatment systems, process equipment. (41.3% stake, 41.3% voting rights) *Industrivärden AB – investment company (11.2% stake, 15.5% voting rights) * Indutrade AB – marketing, components, systems and services (10% stake, 10% voting rights) * Husqvarna – Auto, chainsaw and sewing machine manufacturer (7,5 % stake, 24,9 % voting rights ) *

Handelsbanken Svenska Handelsbanken AB is a leading Nordic countries, Nordic bank with international operations, providing a comprehensive range of financial services including corporate banking, investment banking, trading, and consumer banking such as loans, ...

– banking (1.8% stake, 1.8% voting rights) *

Sandvik Sandvik AB is a Swedish multinational corporation, multinational engineering company specializing in products and services for mining, rock excavation, drilling rig, rock drilling, rock processing (crusher, crushing and mechanical screening, scre ...

– high-technology engineering group, tooling, materials technology, mining and construction (1.2% stake, 1.2% voting rights)

References

External links

Official website
{{DEFAULTSORT:L E Lundbergforetagen Companies based in Stockholm Companies listed on Nasdaq Stockholm Investment companies of Sweden Financial services companies established in 1944 Swedish companies established in 1944 20th-century establishments in Östergötland County