Six Month Report January-June 2016

January-June 2016 compared to January-June 2015

Highlights

  • Revenue amounted to SEK 72.5 billion (74.4); adjusted for currency effects, revenue was unchanged.
  • Operating income amounted to SEK 3.6 billion (2.5); adjusted for currency effects, operating income increased by 46 percent.
  • Earnings per share increased by 63 percent to SEK 6.89 (4.22).
  • Operating cash flow from operations amounted to SEK –1.9 billion (–2.2).
  • Operating net financial assets totaled SEK 9.4 billion (Mar. 31, 2016: 10.3).
  • Order bookings in Construction amounted to SEK 84.2 billion (58.3); adjusted for currency effects, order bookings increased by 47 percent. The order backlog amounted to SEK 177.9 billion (Mar. 31, 2016: 154.6).
  • Operating income in Construction amounted to SEK 1.3 billion (1.7), corresponding to an operating margin of 2.1 percent (2.5); adjusted for currency effects, operating income decreased by 19 percent.
  • Operating income in Project Development amounted to SEK 2.7 billion (1.5); adjusted for currency effects, operating income increased by 81 percent.
  • Return on capital employed in Project Development was 15.9 percent (15.3).
  • Net divestments in Project Development amounted to SEK 1.4 billion (0.9).

This report will also be presented via a telephone conference and audiocast at 10:00 a.m. (CET) on July 22. The telephone conference will be audiocasted 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 8 505 564 74, +44 2033 645 374, or +1 855 753 2230. This and previous releases can also be found at www.skanska.com/investors.

For further information, please contact:

Peter Wallin, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8900

André Löfgren, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 1363

Katarina Grönwall, Senior Vice President, Communications, Skanska AB, tel +46 10 448 8877

Edvard Lind, Group Press Officer, Skanska AB, tel +46 10 448 8808

The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.

About Skanska

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities.

About Us

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

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