Six month report, January–June 2017

Highlights

• Revenue amounted to SEK 79.1 billion (72.5); adjusted for currency effects, revenue increased 6 percent.

• Operating income amounted to SEK 3.3 billion (3.6); adjusted for currency effects operating income decreased 10 percent.

• Earnings per share increased by 7 percent to SEK 7.35 (6.89).

• Operating cash flow from operations amounted to SEK –0.3 billion (–1.9).

• Operating net financial assets totaled SEK 7.4 billion (March 31, 2017: 12.6).

• Order bookings in Construction amounted to SEK 84.5 billion (84.2); adjusted for currency effects, order bookings decreased by 3 percent. The order backlog amounted to SEK 202.2 billion (March 31, 2017: 200.8).

• Operating income in Construction amounted to SEK 0.5 billion (1.3), corresponding to an operating margin of 0.7 percent (2.1); adjusted for currency operating income decreased 63 percent. Project write downs taken in the U.S. civil and UK operations affected the operating income by SEK 420 M and SEK 360 M respectively.

• Operating income in Project Development amounted to SEK 3.3 billion (2.7); adjusted for currency effects operating income increased by 20 percent.

• Return on capital employed in Project Development was 16.5 percent (15.9).

• Net investments in Project Development amounted to SEK –0.2 billion (1.4).

This report will also be presented via a press conference and audiocast at 10.00 a.m. (CET) on July 20. 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 2033 645 374, or +1 855 753 2230. This and previous releases can also be found at www.skanska.com/investors.