Nine month report, January-September 2019

January-September 2019 compared to January-September 2018

Highlights according to segment reporting

- Revenue amounted to SEK 125.4 billion (120.8); adjusted for currency effects revenue decreased 1 percent.

- Operating income amounted to SEK 5.4 billion (2.4); adjusted for currency effects operating income increased 114 percent.

- Earnings per share increased 112 percent to SEK 10.75 (5.07).

- Operating cash flow from operations amounted to SEK –4.5 billion (–0.1), according to IFRS.

- Adjusted interest-bearing net receivables (+)/net debt (–) totaled SEK –3.9 billion (June 30, 2019: –2.8), according to IFRS.

- Operating income in Construction amounted to SEK 2.7 billion (0.2). The comparable period includes restructuring charges, project write-downs and goodwill impairment charges impacting negatively and claims resolutions and pension curtailments impacting positively. Total net impact of SEK –2.3 billion.

- Order bookings in Construction amounted to SEK 96.8 billion (102.6); adjusted for currency effects order bookings decreased 10 percent. The order backlog amounted to SEK 183.7 billion (June 30, 2019: 184.0).

- Operating income in Project Development amounted to SEK 2.8 billion (2.9); adjusted for currency effects operating income decreased 4 percent.

- Return on capital employed in Project Development was 10.6 percent (11.1).

- Return on equity was 21.6 percent (9.8).

This report will also be presented via a telephone conference and a webcast at 10:00 a.m. (CET) on November 7, 2019. 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 8 566 426 51, or +44 333 300 0804, or +1 631 913 1422. PIN code 53855192#. This and previous releases can also be found at www.skanska.com/investors.

For further information, please contact:

Magnus Persson, 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

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

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

The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.

About Skanska
Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordics, 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.