Six Month Report, January−June 2011

January−June 2011 compared to January−June 2010

- Revenue amounted to SEK 53.9 (56.3) billion.
- Revenue in Construction totaled SEK 51.4 (51.8) billion, a decrease of 1 percent. Adjusted for currency rate effects, this represented an increase of 8 percent.
- Operating income for the Group amounted to SEK 6,102 M (2,374), including SEK 4.5 billion from divestment of the Autopista Central in Chile. Currency rate effects reduced income by SEK 145 M
- Operating income in Construction totaled SEK 1,420 M (1,693). Operating margin amounted to 2.8 (3.3) percent.
- Income after financial items amounted to SEK 6,112 M (2,398).
- Profit for the period totaled SEK 5,773 M (1,727).
- Earnings per share totaled SEK 14.02 (4.17) according to segment reporting and SEK 13.47 (3.77) according to IFRSs.
- Operating cash flow before taxes, financial activities and dividends amounted to SEK 2,027 M (1,419).
- Order bookings amounted to SEK 48.4 (72.5) billion. Adjusted for currency rate effects, order bookings decreased by 27 percent. In the comparison period order bookings for Nya Karolinska Solna of SEK 14.5 billion was included
- Order backlog decreased by 13 percent in Swedish kronor and by 4 percent in local currencies, totaling SEK 139.4 (160.4) billion. This was equivalent to 15 (16) months of construction.

For further information, please contact:
Peter Wallin, Executive Vice President and CFO, Skanska AB, tel +46 10 448 1120
Pontus Winqvist, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 8851
Katarina Grönwall, Senior Vice President, Communications, Skanska AB, tel +46 10 448 8877
Edvard Lind, Group Press Officer, Skanska AB, tel +46 10 448 8808

This report will also be presented at a telephone conference at 2:00 p.m. (14:00) CET on July 21.

The telephone conference will be broadcast live on Skanska’s website, at www.skanska.com/investors, where a recording of the conference will be available later as well. To participate in the telephone conference, please dial +46 8 505 598 53, +44 203 043 2436, or +1 866 458 4087. This and previous releases can also be found at www.skanska.com/investors. 

Skanska AB may be required to provide the information provided herein pursuant to the Securities Market Act.