Highlights according to segment reporting
- Revenue for the quarter amounted to
SEK 40.3 billion (38.6); adjusted for currency effects, revenue increased 1 percent. -
Operating income amounted to
SEK 0.5 billion (1.5), includingSEK 0.9 billion of asset and goodwill impairment charges related to weak property markets. Adjusted for currency effects, operating income decreased 66 percent. -
Earnings per share amounted to
SEK 1.41 (3.10). -
Operating cash flow from operations amounted to
SEK 0.3 billion (3.2) according to IFRS. -
Adjusted interest-bearing net receivables(+)/net debt(-) totaled
SEK 4.7 billion (June 30, 2023 : 4.4). -
Order bookings
in Construction amounted toSEK 32.7 billion (43.8). Adjusted for currency effects, order bookings quarter over quarter decreased 29 percent. Rolling 12-month book-to-build ratio was 107 percent (102). -
Operating income
in Construction amounted toSEK 1.4 billion (1.3), representing an operating margin of 3.3 percent (3.4). Rolling 12-month construction margin was 3.8 percent. -
Operating income in
Project Development amounted toSEK -0.8 billion (0.1), including asset and goodwill impairment charges ofSEK 0.5 billion inResidential Development andSEK 0.3 billion inCommercial Property Development related to weak property markets. -
Return on capital employed in
Project Development was 0.7 percent (10.0). - Return on equity was 9.5 percent (16.9).
This report will also be presented at a press and audio conference at
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
For further information, please contact:
Antonia Junelind, Senior Vice President, Investor Relations,
Karolina Cederhage, Senior Vice President, Communications,
About Skanska
Over 135 years in the making, we are one of the world's largest project development and construction companies. We operate across select markets in the Nordics,
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