Skanska nine month report, january - september 2003

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SKANSKA NINE MONTH REPORT, JANUARY-SEPTEMBER 2003 Group highlights [REMOVED GRAPHICS] Third quarter of 2003 compared to third quarter of 2002 · Net sales of the Skanska Group declined by 4 percent to SEK 34,125 (35,556). Adjusted for currency rate effects, net sales rose by 5 percent. · Operating income rose to SEK 887 M (876). · Income after financial items rose to SEK 745 M (670). · Net income amounted to SEK 519 M (324) and earnings per share in the third quarter amounted to SEK 1.24 (0.77). · Order bookings rose by 8 percent to SEK 36.4 billion. Adjusted for currency rate effects, order bookings increased by 19 percent. Order backlog amounted to SEK 134.3 billion, a decline of 3 percent compared to year-end 2002. Adjusted for currency rate effects, order backlog rose by 14 percent. January-September 2003 compared to January-September 2002 · Net sales of the Skanska Group declined by 8 percent to SEK 99,481 M (108,048). Adjusted for currency rate effects, net sales rose by 1 percent. · Operating income rose to SEK 3,254 M (1,926). · Income after financial items rose to SEK 2,833 M (1,062). · Net income amounted to SEK 2,001 M (508) and earnings per share amounted to SEK 4.78 (1.21). · Improved financial position. Interest-bearing net debt decreased by SEK 5,133 M from year-end 2002 to SEK -3,897 M. · Capital employed decreased to SEK 25 billion (Dec. 2002: 32). · Cash flow from business operations rose to SEK 4,971 M (- 1,092). For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 88 00 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38 or mobile tel +46 70 543 88 38 This and earlier press releases are also available at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/30/20031030BIT00620/wkr0001.pdf The full report

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