Revenues up at Skanska

Premium Content

23 July 2015

Revenues for the first six months of 2015 have risen at Swedish-based contractor Skanska, with the company reporting a figure of SEK74.4 billion (€7.89 billion) – up from SEK62.4 billion (€6.61 billion) in the same period of 2014.

It said that adjusted for currency effects, revenue had increased by 6% over the previous year’s figures.

Skanska reported operating income of SEK2.5 billion (€264.97 million) for the first half of this year, compared to SEK1.6 billion (€169.51 million). Adjusted for currency effects, its operating income increased by 49%, said the company.

Order bookings in construction were said to have amounted to SEK58.3 billion (€6.18 billion), down from SEK68.0 billion (€7.21 billion) at the same point last year. Adjusted for currency effects, order bookings decreased by 22%.

Skanska said that adjusting for a large order cancellation during the second quarter, order bookings decreased by 14% in local currency. It cut US$800 million (€729 million) from its order booking following the cancelation of a contract in the US.

The order backlog of SEK168.8 billion (€17.80 billion) compared to SEK181.2 billion (€19.20 billion) at 31 March, 2015. Skanska said that adjusted for currency effects, the order backlog decreased by 5%.

The operating income in construction amounted to SEK1.69 billion (€178.73 million), compared to a figure of SEK1.67 billion (€176.94 million) – a fall of 9% when adjusted for currency effects, said Skanska.

Latest News
New head of KHL’s Content Studio discusses how people make decisions on what to buy
Jon Abrahams describes why industry stalwarts and disruptors alike should consider adding content marketing to their business strategies