Skanska : Year-end report, January-December 2020

Skanska year-end report, January-December 2020 (compared to January-December 2019)

Highlights according to segment reporting

- Revenue decreased 10 percent and amounted to SEK 158.6 billion (176.8); adjusted for currency effects revenue decreased 8 percent.

- Operating income, which includes the divestment of the ownership stake in the Elizabeth River Crossings, increased 52 percent and amounted to SEK 11.9 billion (7.8).

- Earnings per share increased 45 percent and amounted to SEK 22.46 (15.46).

- The Board of Directors propose a dividend of SEK 9.50 (3.25) per share, of which SEK 6.50 (3.25) per share as ordinary dividend and SEK 3.00 (0.00) per share as extra dividend.

- Operating cash flow from operations amounted to SEK 14.5 billion (3.8), according to IFRS.

- Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 16.0 billion (September 30, 2020: 8.0), according to IFRS.

- Order bookings in Construction amounted to SEK 149.8 billion (145.8); adjusted for currency effects order bookings increased 6 percent. The order backlog amounted to SEK 178.9 billion (September 30, 2020: 182.9).

- Operating income in Construction amounted to SEK 3.5 billion (3.8), representing an operating margin of 2.5 percent (2.4).

- Operating income in Project Development amounted to SEK 5.4 billion (4.5).

- Return on capital employed in Project Development was 12.2 percent (10.3).

- Return on equity was 26.0 percent (21.4).

This report will also be presented via a telephone conference and a webcast at 10:00 a.m. (CET) on February 5, 2021. The telephone conference will be webcasted live at www.skanska.com/investors, where a recording of the conference will also be available later. To participate in the telephone conference, please dial [phone], or [phone], or [phone]. PIN code 25299857#. This and previous releases can also be found at www.skanska.com/investors.

 

For further information, please contact:

Magnus Persson, Executive Vice President and CFO, Skanska AB, tel [phone]

André Löfgren, Senior Vice President, Investor Relations, Skanska AB, tel [phone]

Karolina Cederhage, Senior Vice President, Communications, Skanska AB, tel [phone]

Jacob Birkeland, Head of Media Relations, Skanska AB, tel [phone]

This information 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 above, at 7:30 a.m. CET on February 5, 2021.

About Skanska
Skanska is one of the world's leading construction and project development companies, focused on selected home markets in the Nordics, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities.

https://news.cision.com/skanska/r/year-end-report--january-december-2020,c3279960

https://mb.cision.com/Main/95/3279960/1368249.pdf

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