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Three month report, January-March 2019

4/26/2019 7:30 AM CET
Press release Financial reports

January-March 2019 compared to January-March 2018

Highlights according to segment reporting

 

• Revenue amounted to SEK 35.1 billion (37.0); adjusted for currency effects revenue decreased 11 percent.

• Operating income amounted to SEK 0.5 billion (0.7); adjusted for currency effects operating income decreased 30 percent.

• Earnings per share decreased 30 percent to SEK 0.87 (1.25).

• Operating cash flow from operations amounted to SEK –1.3 billion (–0.6), according to IFRS.

• Adjusted net financial assets/liabilities totaled SEK 0.9 billion (Dec. 31, 2018: 2.1), according to IFRS.

• Order bookings in Construction amounted to SEK 27.3 billion (32.9); adjusted for currency effects order bookings decreased 22 percent. The order backlog amounted to SEK 190.1 billion (Dec. 31, 2018: 192.0).

• Operating income in Construction amounted to SEK 371 M (–41). The comparable period includes restructuring charges and project write-downs impacting negatively and claims resolutions and pension curtailments impacting positively.

• Operating income in Project Development amounted to SEK 0.3 billion (1.1); adjusted for currency effects operating income decreased 75 percent.

• Return on capital employed in Project Development was 9.7 percent (13.9).

• Net investments in Project Development amounted to SEK –0.4 billion (–1.6), according to IFRS.

 

This report will also be presented via a telephone conference and a webcast at 10:00 a.m. (CET) on April 26, 2019. 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 +46 8 566 426 51, or +44 333 300 0804, or +1 631 913 1422. PIN code 25718891#. 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 0104481363

Contact: Karolina Cederhage, Senior Vice President Communications
Telephone 0104480880