Revenue rise for Skanska

By Sandy Guthrie08 November 2012

Order bookings at Swedish-based contractor Skanska increased 7% to SEK88.1 billion (€10.3 billion) for the nine months from January to September 2012, compared to SEK82.6 (€9.7 billion) for the same period a year earlier.

The company also reported that its order backlog was stable and amounted to SEK148.7 billion (€17.5 billion) – SEK147.5 (€17.3 billion) last year.

It said construction revenues rose 11% to SEK90.3 billion (€10.6 billion), up from SEK81.7 (€9.6 billion) last year. Operating income from continuing operations amounted to SEK3.2 billion (€375.7 million) – SEK3.3 (€387.4 million) last year.

Skanska said this excluded the restructuring costs of SEK380 million (€44.6 million) in its residential development division and, in the same period, the capital gain of SEK4.5 billion (€528.3 million) from the sale of the Autopista Central Highway Concession in Chile.

The operating margin in Skanska’s construction division totalled 2.9% (3.3% last year).

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