Interim report, second quarter 2023: Skanska

STOCKHOLM, July 21, 2023 /PRNewswire/ --

Highlights according to segment reporting

• Revenue for the quarter amounted to SEK 39.9 billion (44.8); adjusted for currency effects, revenue decreased 15 percent, following lower sales volumes in Residential and Commercial Property Development.
• Operating income amounted to SEK 1.3 billion (2.4); adjusted for currency effects, operating income decreased 46 percent, due to lower sales volumes in Residential and Commercial Property Development.
• Earnings per share amounted to SEK 2.96 (4.61).
• Operating cash flow from operations amounted to SEK -1.8 billion (-0.5) according to IFRS.
• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 4.4 billion (March 31, 2023: 9.5).
• Order bookings in Construction amounted to SEK 63.2 billion (37.3). Adjusted for currency effects, order bookings quarter over quarter increased 68 percent. Rolling 12-month book-to-build ratio was 115 percent (95).
• Operating income in Construction amounted to SEK 1.4 billion (1.4), representing an operating margin of 3.4 percent (3.4).
• Operating income in Project Development amounted to SEK 0.03 billion (1.2).
• Return on capital employed in Project Development was 2.3 percent (10.9).
• Return on equity was 11.1 percent (17.7).

This report will also be presented via a telephone conference and a audiocast at 10:00 CEST on July 21, 2023. The telephone conference will be webcasted live at www.skanska.com/investors, where a recording of the conference will also be available later. To participate in the telephone conference, please dial +46 (0)8 5051 00 31, or +44 (0)207 107 06 13, or +1 (1) 631 570 56 13. This and previous releases can also be found at www.group.skanska.com/investors.

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CEST on July 21, 2023.

For further information, please contact:

Magnus Persson, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8900

Antonia Junelind, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 6261

Karolina Cederhage, Senior Vice President, Communications, Skanska AB, tel +46 10 448 0880

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 10 449 1957

The following files are available for download:

SOURCE Skanska