Skanska AB Q1-2016: operating income increased by 134 percent

STOCKHOLM, 16-May-2016 — /EuropaWire/ — January-March 2016 compared to January-March 2015

Highlights

Revenue amounted to SEK 35.3 billion (34.1); adjusted for currency effects, revenue increased by 5 percent.

Operating income amounted to SEK 1,969 M (832); adjusted for currency effects, operating income increased by 134 percent.

Earnings per share increased by 193 percent to SEK 3.69 (1.26).

Operating cash flow from operations amounted to SEK –3.4 billion (–2.5). Net investments amounted to SEK –1.8 billion (–0.5).

Operating net financial assets totaled SEK 10.3 billion (5.9).

Order bookings in Construction amounted to SEK 30.3 billion (30.2); adjusted for currency effects, order bookings increased by 2 percent. The order backlog amounted to SEK 154.6 billion (Dec. 31, 2015: 158.2).

Operating income in Construction amounted to SEK 442 M (622), corresponding to an operating margin of 1.5 percent (2.0); adjusted for currency effects, operating income decreased by 28 percent.

Operating income in Project Development amounted to SEK 1,744 M (565); adjusted for currency effects, the operating income increased by 198 percent.

Return on capital employed in Project Development was 15.8 percent (11.9).

Net investments in Project Development amounted to SEK –1.6 billion (–0.2).

This report will also be presented via a telephone conference and webcast at 10:00 a.m. (CET) on May 12. 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 8 505 564 74, +44 2033 645 374, or +1 855 753 2230.

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Contact: André Löfgren, Vice President Investor Relations
+46 10 44 81 363
André Löfgren

Contact: Katarina Grönwall, Senior Vice President, Communications
+46 10 44 88 877
Katarina Grönwall

Contact: Edvard Lind, Head of Media Relations
+46 10 44 88 808
Edvard Lind