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Six Month Report, January−June 2010

7/23/2010 8:00 AM CET
Press release Financial reports

January−June 2010 compared to January−June 2009

Accounting principles, segment and IFRS reporting, see page 4

- Revenue amounted to SEK 56.3 (65.0) billion.

- Revenue in Construction decreased by 20 percent in Swedish kronor, and by 15 percent adjusted for currency rate effects.

- Operating income for the Group amounted to SEK 2,374 M (2,057), an improvement of 15 percent.

- Operating income in Construction decreased by 18 percent and totaled SEK 1,693 M (2,077). Operating margin improved and amounted to 3.3 (3.2) percent.

- Income after financial items amounted to SEK 2,398 M (1,958), an improvement of 22 percent.

- Profit for the period totaled SEK 1,727 M (1,421).

- Earnings per share totaled SEK 4.18 (3.40) according to segment reporting, and SEK 3.77 (4.87) according to IFRSs.

- Operating cash flow before taxes, financing activities and dividends amounted to SEK 1,419 M (939).

- Order bookings increased by 17 percent and totaled SEK 72.5 (61.7) billion. Adjusted for currency rate effects, order bookings increased by 23 percent.

- Order backlog totaled SEK 160.4 (144.0) billion, equivalent to 16 (13) months of construction.

Contact: Pontus Winqvist, Managing Director Asset Management
Telephone +46 10 44 88 851