Skanska Nine Month Report

10/31/2001 11:29 AM CET
Press release Financial reports

Economic downturn affects Skanska
- Order bookings rose by 51 percent to SEK 130,909 M. Greater uncertainty in the world economy adversely affected order bookings during the third quarter of 2001
- Order backlog rose by 37 percent to SEK 183,553 M. Order backlog is equivalent to more than one year of sales
- Net sales rose by 74 percent to SEK 122,384 M
- Operating income in construction-related services and project development – the Group’s core business – amounted to SEK 695 M (3,492). In the third quarter, writedowns and loss provisions of SEK 2.0 billion are being charged to operating income. During the report period, capital gains on the sale of properties were SEK 435 M lower than in January–September 2000
- Income after financial items totaled SEK -132 M (6,449). In the comparable period of 2000, the effects of gains on the sale of non-core shareholdings and businesses totaled SEK 3.0 billion
- Changed full-year forecast: Operating income in the Group’s core business is expected to total about SEK 2.0 billion. Income after financial items is expected to total about SEK 0.7 billion. The full-year forecast for operating income in core business has been adjusted downward by about SEK 2.4 billion, compared to the forecast issued in the Six Month Report. The forecast of operating income includes expected gains of SEK 2.2 billion on the sale of properties

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