Skanska: Three Month Report, January-March 2020

|Apr 28|magazine5 min read

ÖSTERSUND, Sweden, April 28, 2020 /PRNewswire/ -- Highlights according to segment reporting

  • Revenue amounted to SEK 41.2 billion (35.1); adjusted for currency effects revenue increased 14 percent.
  • Operating income amounted to SEK 2.9 billion (0.5).
  • Earnings per share amounted to SEK 5.78 (0.87).
  • Operating cash flow from operations amounted to SEK 1.6 billion (-1.3), according to IFRS.
  • Adjusted interest-bearing net receivables (+)/net debt (-) totaled SEK 5.3 billion (December 31, 2019: 3.2), according to IFRS.
  • Order bookings in Construction amounted to SEK 41.3 billion (27.3); adjusted for currency effects order bookings increased 48 percent. The order backlog amounted to SEK 199.0 billion (December 31, 2019: 185.4).
  • Operating income in Construction amounted to SEK 0.6 billion (0.4).
  • Operating income in Project Development amounted to SEK 2.5 billion (0.3).
  • Return on capital employed in Project Development was 14.8 percent (9.7).
  • Return on equity was 27.0 percent (13.4).

This report will also be presented via a telephone conference and a webcast at 10:00 a.m. (CET) on April 28, 2020. 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 46870318#. This and previous releases can also be found at www.skanska.com/investors.

For further information, please contact:
Magnus Persson
Executive Vice President and CFO
Skanska AB
tel +46-10-448-8900

André Lofgren
Senior Vice President
Investor Relations
Skanska AB
tel +46-10-448-1363

Karolina Cederhage
Senior Vice President
Communications
Skanska AB
tel +46-10-448-0880

Jacob Birkeland
Head of Media Relations
Skanska AB
tel +46-10-449-1957

This is information is such that Skanska AB is obliged to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07.30 a.m. (CET) on April 28, 2020.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/three-month-report--january-march-2020,c3098057

The following files are available for download:

Cision View original content:http://www.prnewswire.com/news-releases/skanska-three-month-report-january-march-2020-301048089.html

SOURCE Skanska