Year-end Report, January-December 2005

January-December 2005 compared to January-December 2004 - Revenue amounted to SEK 124.7 billion (121.3). Adjusted for discontinued operations, revenue rose by 7 percent. In Construction, revenue rose by 5 percent adjusted for currency rate effects. - Operating income in continuing operations rose to SEK 4,798 M (3,374). In Construction, most units showed better operating margins. Operating income for the Group amounted to SEK 5,000 M (4,361). Included in operating income in the comparative period was a capital gain of about SEK 1 billion from the divestment of Skanska Services. - During the year, commercial properties with a value of SEK 4,430 M (4,645) were divested, with gains amounting to SEK 1,626 M (1,494). The divestments were made at, on average, 11 percent above the market values estimated by year-end 2004. - Income after financial items amounted to SEK 5,120 M (4,327). - Profit for the year amounted to SEK 3,890 M (3,186) and earnings per share for the year amounted to SEK 9.27 (7.58). - Interest-bearing net receivables increased to SEK 11,111 M (7,229). - Operating cash flow before change in interest-bearing assets and liabilities amounted to SEK 4,122 M (6,866). - Order bookings amounted to SEK 116.6 billion (116.0). Adjusted for currency rate effects, order bookings declined by 2 percent. - The appraisals made at year-end indicates surplus values of SEK 1.9 billion in Commercial project development and SEK 2.7 billion in Infrastructure development. - The Board of Directors proposes a regular dividend of SEK 4.50 (4.00) per share and an extra dividend of SEK 2.00 per share for the 2005 financial year. For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, telephone +46 8 753 88 00 Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, telephone +46 8 753 88 01 Peter Gimbe, Senior Vice President, Communications, Skanska AB, telephone +46 8 753 88 38 or cell phone +46 70 543 88 38 Anna Wenner, Press Officer, Skanska AB, telephone +46 8 753 88 99

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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