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Interim report second quarter 2022

7/21/2022 7:30 AM CET
Press release Financial reports

Highlights according to segment reporting

• Revenue amounted to SEK 44.8 billion (35.4); adjusted for currency effects revenue increased 18 percent.

• Operating income amounted to SEK 2.4 billion (2.3); adjusted for currency effects operating income decreased 2 percent. Operating income increased 16 percent adjusted for currency effects and excluding gains from the divestment of UK infrastructure services impacting Q2 2021.

• Earnings per share amounted to SEK 4.61 (4.68).

• Operating cash flow from operations amounted to SEK -0.5 billion (-2.4), according to IFRS.

• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 11.1 billion (March 31, 2022: 15.4), according to IFRS.

• Order bookings in Construction amounted to SEK 37.3 billion (49.8), in line with the five year quarterly average. Adjusted for currency effects order bookings quarter over quarter decreased 30 percent on a tough comparison quarter. Rolling 12-month book-to-build ratio was 95 percent.

• Operating income in Construction amounted to SEK 1.4 billion (1.5), representing an operating margin of 3.4 percent (4.7). Operating margin Q2 2021 excluding gains from the divestment of UK infrastructure services was 3.5 percent.

• Operating income in Project Development amounted to SEK 1.2 billion (1.0).

• Return on capital employed in Project Development was 10.9 percent (12.4).

• Return on equity was 17.7 percent (26.7).

This report will also be presented via a telephone conference and a audiocast at 10:00 CET on July 21, 2022. 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 (0)8 5051 00 31, or +44 (0)207 107 06 13, or +1 (1) 631 570 56 13.

 

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CET on July 21, 2022.

Contact: Magnus Persson, Executive Vice President, CFO
Telephone +46104488900

Contact: Antonia Junelind, Senior Vice President Investor Relations
Telephone +46104486261

Contact: Karolina Cederhage, Senior Vice President Communications
Telephone 0104480880

Contact: Jacob Birkeland, Head of Media Relations and Public Affairs
Telephone +46104491957