Three month report, January-March 2005

January-March 2005 compared to January-March 2004 - Revenue declined by 2 percent to SEK 25.5 billion (26.0). In Construction, revenue rose by 1 percent in local currencies. - Operating income rose to SEK 1,036 M (542), mainly due to higher gains from property divestments than in the comparative period. Most units showed improved operating margins. - During the period, properties in Denmark and Sweden with gross values of SEK 1,514 M (396) were divested. Gains from the divestments amounted to SEK 480 M (119). - Income after net financial items rose to SEK 1,095 M (504). - Profit for the period rose to SEK 810 M (356), which meant that earnings per share for the period amounted to SEK 1.93 (0.85). - Order bookings declined by 19 percent, amounting to SEK 23.4 billion (28.8). Adjusted for currency rate effects, order bookings fell by 18 percent. For further information, please contact: Hans Biörck, Executive Vice President and CFO, Skanska AB, telephone +46 8 753 88 00 Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8 753 88 01 Peter Gimbe, Senior Vice President, Communications, Skanska AB, tel +46 8 753 88 38