Skanska: Interim report, first quarter 2024

Skanska: Interim report, first quarter 2024

STOCKHOLM, May 8, 2024 /PRNewswire/ — 

Highlights according to segment reporting

  • Revenue amounted to SEK 36.4 billion (34.9); adjusted for currency effects, revenue increased 5 percent.
  • Operating income amounted to SEK 0.5 billion (0.4); adjusted for currency effects, operating income increased 32 percent.
  • Earnings per share amounted to SEK 1.28 (1.04).
  • Operating cash flow from operations amounted to SEK -4.9 billion (-2.3) for the period according to IFRS.
  • Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 4.6 billion (December 31, 2023: 10.4).
  • Order bookings in Construction amounted to SEK 46.9 billion (25.8). Adjusted for currency effects, order bookings quarter on quarter increased 83 percent. Rolling 12-month book-to-build ratio was 117 percent (99) with the order backlog reaching a historic high.
  • Operating income in Construction amounted to SEK 0.7 billion (1.0), representing an operating margin of 1.8 percent (2.8).
  • Operating income in Project Development amounted to SEK -0.1 billion (-0.5).
  • Return on capital employed in Project Development was -3.1 percent (4.5).
  • Return on equity was 5.9 percent (13.0).

This report will also be presented at a press and audio conference at 10:00 CET on May 8, 2024.

The press conference will be webcast live at www.skanska.com/investors, where a recording of the conference will also be available later.

Participate in the audio conference, with the possibility to ask questions. Preferred connection (web link), for best audio quality, please join the call from your phone via the HD Audio web link here: HD Audio link. If you need to call in via telephone line please dial +46 (0) 8 5051 0031; +44 (0)207 107 06 13 or +1 (1) 631 570 56 13.

This and previous releases can also be found at www.group.skanska.com/investors.

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CET on May 8, 2024.

For further information, please contact:
Magnus Persson, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8900
Antonia Junelind, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 6261
Karolina Cederhage, Senior Vice President, Communications, Skanska AB, tel +46 10 448 0880
Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 10 449 1957

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

https://news.cision.com/skanska/r/interim-report–first-quarter-2024,c3975305

The following files are available for download:

SOURCE Skanska

Originally published at https://www.prnewswire.com/news-releases/skanska-interim-report-first-quarter-2024-302139270.html
Images courtesy of https://pixabay.com

business banners

Latest posts

CIO TechWorld Awards Onyx Health as One of the “Top 10 Leading Healthcare Tech Solution Providers – 2024”

OnyxOS: The Market-Leading FHIR Interoperability Platform Onyx Health is Recognized for making healthcare data speak the same language! We feel honored to...

The GSH Group Successfully Closes $365 Million Loan Modifications with Arbor Realty, Marking a Milestone Agreement

CLAWSON, Mich., May 7, 2024 /PRNewswire/ -- The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, announces the closing of loan...

Recycling contamination enforcement begins on June 1, 2024

In April 2023, the Miami-Dade County Board of County Commissioners passed an ordinance aimed at reducing recycling contamination: items that are not accepted in...

Acknowledging the Emotional Complexity of Mother’s Day: A Special Episode on The Binge Cure with Dr. Nina

PHEONIX, AZ, UNITED STATES, May 10, 2024 /EINPresswire.com/ -- With Mother's Day just around the corner, it's important to acknowledge...

Tampa Is the Best City in the U.S. to Invest in Short-Term Rentals

To determine the best Airbnb city of 2024, Clever Real Estate partnered with short-term rental data provider Rabbu to crunch the numbers for the 50...

84% of U.S. Adults Expected to Celebrate Mother’s Day: GyftHint Aims to Support the Celebration

The item, size and color mom wants! Mother’s Day is a special occasion to recognize and celebrate the women in our...

Astons Reveals the Top Global Destinations for US and UK Investors in 2024

Alena Lesina, Astons Citizenship, Residency, and Real Estate Investment Expert Astons, a leading name in investment migration and luxury real estate,...
celebrity reality tv