Interim report second quarter 2022

Highlights according to segment reporting

• Revenue amounted to SEK 44.8 billion (35.4); adjusted for currency effects revenue increased 18 percent.

• Operating income amounted to SEK 2.4 billion (2.3); adjusted for currency effects operating income decreased 2 percent. Operating income increased 16 percent adjusted for currency effects and excluding gains from the divestment of UK infrastructure services impacting Q2 2021.

• Earnings per share amounted to SEK 4.61 (4.68).

• Operating cash flow from operations amounted to SEK -0.5 billion (-2.4), according to IFRS.

• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 11.1 billion (March 31, 2022: 15.4), according to IFRS.

• Order bookings in Construction amounted to SEK 37.3 billion (49.8), in line with the five year quarterly average. Adjusted for currency effects order bookings quarter over quarter decreased 30 percent on a tough comparison quarter. Rolling 12-month book-to-build ratio was 95 percent.

• Operating income in Construction amounted to SEK 1.4 billion (1.5), representing an operating margin of 3.4 percent (4.7). Operating margin Q2 2021 excluding gains from the divestment of UK infrastructure services was 3.5 percent.

• Operating income in Project Development amounted to SEK 1.2 billion (1.0).

• Return on capital employed in Project Development was 10.9 percent (12.4).

• Return on equity was 17.7 percent (26.7).

This report will also be presented via a telephone conference and a audiocast at 10:00 CET on July 21, 2022. 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 (0)8 5051 00 31, or +44 (0)207 107 06 13, or +1 (1) 631 570 56 13.

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CET on July 21, 2022.
 

For further information, please contact:

Magnus Persson, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8900

Antonia Junelind, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 6261

Karolina Cederhage, Senior Vice President, Communications, Skanska AB, tel +46 10 448 0880

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 10 449 1957

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

About Skanska

Over 135 years in the making, we are one of the world's largest project development and construction companies. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our 30,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.