Three month report, January-March 2016

January-March 2016 compared to January-March 2015

Highlights

Revenue amounted to SEK 35.3 billion (34.1); adjusted for currency effects, revenue increased by 5 percent.

Operating income amounted to SEK 1,969 M (832); adjusted for currency effects, operating income increased by 134 percent.

Earnings per share increased by 193 percent to SEK 3.69 (1.26).

Operating cash flow from operations amounted to SEK –3.4 billion (–2.5). Net investments amounted to SEK –1.8 billion (–0.5).

Operating net financial assets totaled SEK 10.3 billion (5.9).

Order bookings in Construction amounted to SEK 30.3 billion (30.2); adjusted for currency effects, order bookings increased by 2 percent. The order backlog amounted to SEK 154.6 billion (Dec. 31, 2015: 158.2).

Operating income in Construction amounted to SEK 442 M (622), corresponding to an operating margin of 1.5 percent (2.0); adjusted for currency effects, operating income decreased by 28 percent.

Operating income in Project Development amounted to SEK 1,744 M (565); adjusted for currency effects, the operating income increased by 198 percent.

Return on capital employed in Project Development was 15.8 percent (11.9).

Net investments in Project Development amounted to SEK –1.6 billion (–0.2).

This report will also be presented via a telephone conference and webcast at 10:00 a.m. (CET) on May 12. The telephone conference will be webcasted 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. 

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

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

Skanska AB discloses the information provided herein pursuant to the Securities Market Act.

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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