Skanska's six-month report january - june 2000

SKANSKA'S SIX-MONTH REPORT January - June 2000 Skanska showed a strong improvement inearnings. Growth in the operating income of the Group's core business was 165 percent * Order bookings rose by 16 percent * Order backlog totaled SEK 111,644 M (86,383) * Net sales rose by 12 percent * Operating income of the Group's core business wasSEK 2,697 M (1,018) * Operating income was SEK 3,856 M (4,872) In the income statement, "Items affecting comparability" were lower than last year, amounting to SEK 960 M (3,280) * Income after financial items was SEK 5,509 M (4,934) Claes Björk, President and CEO of Skanska, commented on the Six-Month Report: "Our report shows continued growth and improvement in earnings. Our focus on value-adding activities in construction and project development and a higher turnover rate for completed projects, coupled with global expansion, are yielding results. The acquisitions we have completed during the year will further strengthen our market position. "I am therefore optimistic about the year as a whole, since the steps we have taken and good market growth will provide us with support for our projection that this year's earnings in our core business will be significantly better than in 1999. We also believe that our full-year income after financial items will be better than in 1999." Stockholm, August 23, 2000 Skanska AB Group Communications ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/23/20000823BIT00600/bit0001.pdf The full report http://www.bit.se/bitonline/2000/08/23/20000823BIT00600/bit0002.doc