Skanska takes a SEK 500 M charge in Latin America. Full year operating income for the total construction stream is expected to SEK 3.2 to 3.4 billion.
Skanska will take a SEK 500 M charge in its construction operations in Latin America in the fourth quarter of 2012, mainly related to write-downs in one ongoing project and write-downs of claims in two completed projects with fixed price contracts. It is the same projects in which Skanska has taken write-downs earlier this year.After the charge of SEK 500 M, the operating income for the total construction stream for the full year 2012 is expected to range between SEK 3.2 to 3.4 billion. In the ongoing infrastructure project, unexpected ground conditions and utility issues have lead to