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Year-end Report, January−December 2011

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January−December 2011 compared to January−December 2010

  • Order bookings totaled SEK 123.6 (130.3) billion. Order bookings in the fourth quarter totaled SEK 41.0 (29.0) billion, an increase of 41 percent compared to the fourth quarter of 2010.
  • Order bookings were 7 percent higher than revenue during the year. Order backlog increased 7 percent and amounted to SEK 155.7 (145.9) billion. This was equivalent to 16 (16) months of construction.
  • Revenue amounted to SEK 122.5 (121.7) billion.
  • Revenue in Construction amounted to SEK 115.0 (113,2) billion, an increase of 2 percent and an increase of 8 percent adjusted for currency rate effects.
  • Operating income for the Group amounted to SEK 9,087 M (5,339). Currency rate effects reduced income by SEK 249 M.
  • Operating income in Construction totaled SEK 3,467 M (4,388). Operating margin amounted to 3.0 (3.9) percent. Currency rate effects reduced income by SEK 255 M.
  • Income after financial items amounted to SEK 9,099 M (5,304).
  • Profit for the year totaled SEK 8,129 M (3,940).
  • Earnings per share totaled SEK 19.72 (9.54) according to segment reporting and SEK 18.43 (9.76) according to IFRSs.
  • Operating cash flow before taxes, financial activities and dividends amounted to SEK 2,916 M (6,270).
  • Interest-bearing net cash position excluding construction loans to cooperative housing associations and interest-bearing pension liabilities totaled SEK 9.5 (12.2) billion.
  • The Board of Directors proposes a regular dividend of SEK 6.00 (5.75) per share.

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 press and telephone conference at 2:00 p.m. (14:00) CET on February 8 at the Scandic Anglais Hotel, Humlegårdsgatan 23, Stockholm, Sweden. The press and telephone conference will be webcast live at www.skanska.com/investors, where a video 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 disclose the information provided herein pursuant to the Securities Market Act.

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