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Six month report, January–June 2018

7/20/2018 7:30 AM CET
Press release Financial reports

January-June 2018 compared to January-June 2017

Highlights according to segment reporting

• Revenue amounted to SEK 79.5 billion (79.1); adjusted for currency effects revenue increased 1 percent.

• Operating income decreased 41 percent to SEK 1.9 billion (3.3); no currency effects.

• Earnings per share decreased 47 percent to SEK 3.89 (7.35).

• Operating cash flow from operations amounted to SEK –0.3 billion (–0.3), according to IFRS.

• Operating net financial assets totaled SEK 6.5 billion (March 31, 2018: 9.3), according to IFRS.

• Order bookings in Construction decreased 15 percent to SEK 71.9 billion (84.5); no currency effects. The order backlog amounted to SEK 197.6 billion (March 31, 2018: 190.9).

• Operating income in Construction amounted to SEK 0.5 M (0.5).

• Operating income in Project Development (Residential, Commercial Property and Infrastructure) decreased 43 percent to SEK 1.9 billion (3.3); adjusted for currency effects operating income decreased 44 percent.

• Return on capital employed in Project Development was 14.3 percent (16.5).

• Net investments in Project Development amounted to SEK –0.5 billion (–0.2), according to IFRS.

This report will also be presented via a telephone conference and an audiocast at 10:00 a.m. (CET) on July 20, 2018. The telephone conference will be audiocasted 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 +46 8 505 564 74, +44 203 364 5374, or +1 855 753 2230. This and previous releases can also be found at www.skanska.com/investors.

Contact: Magnus Persson, Executive Vice President, CFO
Telephone 0104486429

Contact: André Löfgren, Senior Vice President Investor Relations
Telephone +46 10 44 81 363

Contact: Karolina Cederhage, Senior Vice President Communications
Telephone +46 10 44 80 880