Skanska January-December 2006 report

Solna, Sweden – January-December 2006 compared to January-December 2005.

  • Revenue amounted to SEK 125.6 billion (124.7). In Construction, revenue
    rose by 4 percent adjusted for currency rate effects;
  • Operating income for the Group amounted to SEK 4,762 M (5,000). The
    Swedish, Norwegian, Polish, U.K., and Latin American operations surpassed
    their targeted margins for the year and both U.S. units continued to
    improve their margins with strong performance in the fourth quarter;
  • In Residential Development, the operating margin increased in all the
    Nordic markets. For the business stream as a whole, the margin amounted to
    12.6 (10.6) percent;
  • During the year, commercial properties with a value of SEK 3,084 M
    (4,430) were divested, with gains amounting to SEK 1,300 M (1,626). The
    divestments were made at prices that averaged 25 percent above the market
    values assigned at year-end 2005;
  • Income after financial items amounted to SEK 4,985 M (5,120);
  • Profit for the year totaled SEK 3,655 M (3,890) and earnings per share
    amounted to SEK 8.68 (9.27);
  • The Group is now in a net investment phase and full-year net investments
    totaled -1,146 M (3,644);
  • Order bookings rose by 16 percent and amounted to SEK 134.1 billion
    (115.8). Adjusted for currency rate effects, order bookings were unchanged;
  • Order backlog totaled SEK 135.1 billion (127.9), equivalent to 14 (13)
    months of construction;
  • The appraisals made at year-end indicated Group surplus values of SEK 2.0
    billion in Commercial Development and SEK 3.7 billion in Infrastructure
    Development;
  • The Board of Directors proposes a regular dividend of SEK 4.75 (4.50) per
    share and an extra dividend of SEK 3.50 (2.00) for the 2006 financial year.

The complete reports is available at www.skanska.com

Auteur: Redactie Infrasite

Bron: Skanska AB