Interim report, third quarter 2023: Skanska

    Author microcapwatchPosted on Categories Real EstateTags , , ,

    STOCKHOLM, Nov. 1, 2023 /PRNewswire/ — 

    Highlights according to segment reporting

    • Revenue for the quarter amounted to SEK 40.3 billion (38.6); adjusted for currency effects, revenue increased 1 percent.
    • Operating income amounted to SEK 0.5 billion (1.5), including SEK 0.9 billion of asset and goodwill impairment charges related to weak property markets. Adjusted for currency effects, operating income decreased 66 percent.
    • Earnings per share amounted to SEK 1.41 (3.10).
    • Operating cash flow from operations amounted to SEK 0.3 billion (3.2) according to IFRS.
    • Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 4.7 billion (June 30, 2023: 4.4).
    • Order bookings in Construction amounted to SEK 32.7 billion (43.8). Adjusted for currency effects, order bookings quarter over quarter decreased 29 percent. Rolling 12-month book-to-build ratio was 107 percent (102).
    • Operating income in Construction amounted to SEK 1.4 billion (1.3), representing an operating margin of 3.3 percent (3.4). Rolling 12-month construction margin was 3.8 percent.
    • Operating income in Project Development amounted to SEK -0.8 billion (0.1), including asset and goodwill impairment charges of SEK 0.5 billion in Residential Development and SEK 0.3 billion in Commercial Property Development related to weak property markets.
    • Return on capital employed in Project Development was 0.7 percent (10.0).
    • Return on equity was 9.5 percent (16.9).

    This report will also be presented at a press and audio conference at 10:00 CET on November 1, 2023.

    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 November 1, 2023.

    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

    The following files are available for download:

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    SOURCE Skanska

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