Skanska nine month report, january - september 2003

SKANSKA NINE MONTH REPORT, JANUARY-SEPTEMBER 2003 Group highlights [REMOVED GRAPHICS] Third quarter of 2003 compared to third quarter of 2002 · Net sales of the Skanska Group declined by 4 percent to SEK 34,125 (35,556). Adjusted for currency rate effects, net sales rose by 5 percent. · Operating income rose to SEK 887 M (876). · Income after financial items rose to SEK 745 M (670). · Net income amounted to SEK 519 M (324) and earnings per share in the third quarter amounted to SEK 1.24 (0.77). · Order bookings rose by 8 percent to SEK 36.4 billion. Adjusted for currency rate effects, order bookings increased by 19 percent. Order backlog amounted to SEK 134.3 billion, a decline of 3 percent compared to year-end 2002. Adjusted for currency rate effects, order backlog rose by 14 percent. January-September 2003 compared to January-September 2002 · Net sales of the Skanska Group declined by 8 percent to SEK 99,481 M (108,048). Adjusted for currency rate effects, net sales rose by 1 percent. · Operating income rose to SEK 3,254 M (1,926). · Income after financial items rose to SEK 2,833 M (1,062). · Net income amounted to SEK 2,001 M (508) and earnings per share amounted to SEK 4.78 (1.21). · Improved financial position. Interest-bearing net debt decreased by SEK 5,133 M from year-end 2002 to SEK -3,897 M. · Capital employed decreased to SEK 25 billion (Dec. 2002: 32). · Cash flow from business operations rose to SEK 4,971 M (- 1,092). For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 88 00 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 or mobile tel +46 70 543 88 38 This and earlier press releases are also available at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/30/20031030BIT00620/wkr0001.pdf The full report

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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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