Nine Month Report, January−September 2010

January−September 2010 compared to January−September 2009

Accounting principles, segment and IFRS reporting, see page 4

-  Revenue amounted to SEK 89.0 (100.6) billion.
-  Revenue in Construction decreased by 17 percent in Swedish kronor, and by 13 percent adjusted for currency rate effects.
-  Operating income for the Group amounted to SEK 4,070 M (3,624), an improvement of 12 percent.
-  Operating income in Construction decreased by 16 percent and totaled SEK 3,100 M (3,678). Operating margin improved and amounted to 3.8 (3.7) percent.
-  Income after financial items amounted to SEK 4,054 M (3,443), an improvement of 18 percent.
-  Profit for the period totaled SEK 2,960 M (2,546).
-  Earnings per share totaled SEK 7.17 (6.10) according to segment reporting and SEK 6.69 (8.08) according to IFRSs.
-  Operating cash flow before taxes, financing activities and dividends amounted to SEK 1,703 M (4,733).
-  Order bookings increased by 7 percent and totaled SEK 101.3 (94.6) billion. Adjusted for currency rate effects, order bookings increased by 12 percent.
-  Order backlog totaled SEK 147.9 (131.8) billion, equivalent to 17 (12) months of construction.

For further information, please contact:

Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8832
Pontus Winqvist, Senior Vice President, Investor Relations, Skanska AB,
tel +46 10 448 8851
Karin Lepasoon, Executive Vice President, Communications & IR, Skanska AB,
tel +46 10 448 8874
Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 8838, cell phone +46 70 543 88 38

This report will also be presented at a press and telephone conference at 11:00 a.m. CET on November 4, at Spårvagnshallarna, Birger Jarlsgatan 57A, Stockholm, Sweden.

The press conference will be webcast live at www.skanska.com/investors, where a video of the conference will be available later as well. To participate in the telephone conference, please dial +46 8 505 598 53, +44 203 043 2436 or +1 866 458 4087.

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

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Market Act.

About Us

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.

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