Skanska year-end report, January-December 2023.

Highlights according to segment reporting: Revenue for the quarter amounted to SEK 41.9 billion (40.4); adjusted for currency effects, revenue increased 5 percent. Full-year revenue amounted to SEK 157.1 billion (161.6); adjusted for currency effects, revenue decreased 6 percent.

Operating income for the quarter amounted to SEK 1.0 billion (3.5), including impairment charges and changes in fair market values totaling SEK -2.0 billion. Adjusted for currency effects, operating income decreased 73 percent. For the full year, operating income amounted to SEK 3.2 billion (9.3), including SEK -3.1 billion of impairment charges and changes in fair market values. Adjusted for currency effects, operating income decreased 65 percent.

Earnings per share amounted to SEK 2.48 (7.28) for the period, and SEK 7.89 (18.62) for the full year.

The Board of Directors proposes a dividend of SEK 5.50 (7.50) per share.

Operating cash flow from operations amounted to SEK 4.9 billion (-2.1) for the period, and SEK 1.1 billion (-2.3) for the full year, according to IFRS.

Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 10.4 billion (September 30, 2023: 4.7).

Order bookings in Construction amounted to SEK 44.1 billion (51.6) for the period. Adjusted for currency effects, order bookings quarter over quarter decreased 15 percent. For the full year, order bookings amounted to SEK 165.8 billion (162.7). Rolling 12-month book-to-build ratio was 103 percent (104) and the order backlog remained high.

Operating income in Construction amounted to SEK 1.8 billion (2.3), representing an operating margin of 4.4 percent (5.4). For the full year, operating income amounted to SEK 5.6 billion (5.8), representing an operating margin of 3.5 percent (3.7).

Operating income in Project Development amounted to SEK -1.4 billion (1.3) for the period, including property asset impairment charges of SEK -1.8 billion in Residential and Commercial Property Development. For the full year, operating income was SEK -2.6 billion (3.9), including asset impairment charges totaling SEK -2.8 billion.

Return on capital employed in Project Development was -3.7 percent (8.1).

Return on equity was 5.8 percent (15.8).

This report will also be presented at a press and audio conference at 10:00 CET on February 9, 2024. The press conference will be webcast live at www.skanska.com/investors, where a recording of the conference will also be available later. Participate in the audio conference, with the possibility to ask questions. Preferred connection (web link), for best audio quality, please join the call from your phone via the HD Audio web link here: HD Audio link. If you need to call in via telephone line please dial +46 (0) 8 5051 0031; +44 (0)207 107 06 13 or +1 (1) 631 570 56 13. This and previous releases can also be found at www.group.skanska.com/investors.

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CET on February 9, 2024.

Contact:

Magnus Persson

Executive Vice President, CFO

Tel: +46104488900

Antonia Junelind

Senior Vice President Investor Relations

Tel: +46104486261

Karolina Cederhage

Senior Vice President Communications

Tel: 0104480880

Jacob Birkeland

Head of Media Relations and Public Affairs

Tel: +46104491957

About us

Skanska is one of the world's leading project development and construction groups. We are active in Europe and North America.

(C) 2024 Electronic News Publishing, source ENP Newswire