Three Month Report, January - March 2003

THREE MONTH REPORT, JANUARY-MARCH 2003 Group highlights [REMOVED GRAPHICS] First quarter of 2003 compared to 2002 · Order bookings rose by 10 percent to SEK 33.7 billion. Adjusted for currency rate effects, however, the increase was 22 percent. Order backlog rose by 2 percent from year-end 2002 to SEK 140.9 billion. Adjusted for currency rate effects, however, the increase was 5 percent. · Operating income rose to SEK 720 M (234). Capital gains on the sale of properties amounted to SEK 488 M (40). · Income after financial items rose to SEK 540 M (112). · Cash flow from business operations before taxes paid and financing rose to SEK 1,083 M (-1,276). · Interest-bearing net debt rose by SEK 357 M from year-end 2002 to SEK 9,387 M, including SEK 1,285 M as the effect of changes in accounting principles for pensions (RR 29). For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, +46 8 753 88 00 Peter Wallin, Senior Vice President, Investor Relations, Skanska AB, +46 8 753 88 86 Peter Gimbe, Press Officer, Skanska AB, +46 8 753 88 38 or mobile +46 70 543 88 38 This and previous 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/2003/05/06/20030506BIT00620/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/05/06/20030506BIT00620/wkr0002.pdf The full report