Key messages Capital Market Day 2019
Skanska has introduced a new target for financial strength, adjusted net debt. The new target replaces the previous target for financial strength, Net operating financial assets/liabilities. Starting 2019, adjusted net debt should not be below SEK -9 billion.
Skanska's current financial targets in summary:
- Return on capital employed in Project Development: ≥ 10%
- Operating margin in Construction: ≥ 3.5%
- Adjusted net debt: not below SEK -9 billion
- Return on equity: ≥ 18%
Based on the expected performance in the current order backlog Skanska will unlikely be able to reach the operating margin target in Construction for 2019 and 2020.
For further information please contact:
André Löfgren, SVP Investor Relations, Skanska AB, tel +46 (0)10-448 13 63
Direct line for media, tel +46 (0)10-448 88 99
This information is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on 21 Mars 2019.
This and previous releases can be found at www.skanska.com.
Skanska is a world leader in construction and project development on select markets in the Nordic region, Europe and USA. Driven by the Group’s values, Skanska wants to contribute to a better society. Skanska provides innovative, sustainable solutions for both simple and complex assignments. Skanska has about 38,000 employees, and 2018 revenue totaled SEK 170 billion.