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Skanska: Interim report, third quarter 2024

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Skanska reported strong Q3 2024 results with revenue reaching SEK 42.8 billion, a 9% increase adjusted for currency effects. Operating income rose significantly to SEK 1.3 billion, showing a 138% increase. Construction segment performed well with operating income of SEK 1.5 billion and a 3.6% margin. Order bookings surged 63% to SEK 50.8 billion with a book-to-build ratio of 124%. However, Project Development faced challenges with SEK -0.3 billion operating income and negative returns due to weak property markets. Operating cash flow improved substantially to SEK 6.2 billion, while earnings per share increased to SEK 2.28.

Skanska ha riportato risultati forti per il terzo trimestre del 2024, con ricavi che hanno raggiunto 42,8 miliardi di SEK, un aumento del 9% al netto degli effetti valutari. L'utile operativo è aumentato notevolmente a 1,3 miliardi di SEK, mostrando un incremento del 138%. Il segmento delle costruzioni ha performato bene con un utile operativo di 1,5 miliardi di SEK e un margine del 3,6%. Le prenotazioni di ordini sono aumentate del 63% a 50,8 miliardi di SEK con un rapporto ordini-contratti di 124%. Tuttavia, lo Sviluppo Progetti ha affrontato sfide con un utile operativo di SEK -0,3 miliardi e rendimenti negativi a causa dei deboli mercati immobiliari. Il flusso di cassa operativo è migliorato sostanzialmente a 6,2 miliardi di SEK, mentre l'utile per azione è aumentato a 2,28 SEK.

Skanska reportó resultados sólidos para el tercer trimestre de 2024, con ingresos alcanzando 42,8 mil millones de SEK, un aumento del 9% ajustado por efectos de divisas. El ingreso operativo aumentó significativamente a 1,3 mil millones de SEK, mostrando un incremento del 138%. El segmento de construcción se desempeñó bien con un ingreso operativo de 1,5 mil millones de SEK y un margen del 3,6%. Las reservas de pedidos se dispararon un 63% a 50,8 mil millones de SEK, con una relación contratos-construcción del 124%. Sin embargo, el Desarrollo de Proyectos enfrentó desafíos con un ingreso operativo de SEK -0,3 mil millones y rendimientos negativos debido a los débiles mercados inmobiliarios. El flujo de caja operativo mejoró sustancialmente a 6,2 mil millones de SEK, mientras que las ganancias por acción aumentaron a 2,28 SEK.

스칸스카는 2024년 3분기 강력한 실적을 발표했으며, 수익은 428억 SEK에 도달하여 환율 효과를 조정할 경우 9% 증가했습니다. 운영 수익은 13억 SEK으로 크게 증가하여 138% 상승했습니다. 건설 부문도 좋은 성과를 보였으며, 운영 수익은 15억 SEK, 마진은 3.6%입니다. 주문 접수는 63% 증가하여 508억 SEK에 달했으며, 계약-시공 비율은 124%입니다. 그러나 프로젝트 개발 부문은 부진한 부동산 시장으로 인해 -3억 SEK의 운영 수익과 음의 수익률을 기록하며 어려움을 겪었습니다. 운영 현금 흐름은 62억 SEK로 크게 개선되었으며, 주당 순이익은 2.28 SEK로 증가했습니다.

Skanska a annoncé de bons résultats pour le troisième trimestre de 2024, avec des revenus atteignant 42,8 milliards de SEK, soit une augmentation de 9% après ajustement des effets de change. Le résultat d'exploitation a considérablement augmenté pour atteindre 1,3 milliard de SEK, enregistrant une augmentation de 138%. Le segment de la construction a bien performé avec un résultat d'exploitation de 1,5 milliard de SEK et une marge de 3,6%. Les nouvelles commandes ont bondi de 63% pour atteindre 50,8 milliards de SEK avec un ratio commande-construction de 124%. Cependant, le développement de projets a rencontré des défis avec un résultat d'exploitation de SEK -0,3 milliard et des rendements négatifs en raison de faibles marchés immobiliers. Le flux de trésorerie opérationnel s'est considérablement amélioré, atteignant 6,2 milliards de SEK, tandis que le bénéfice par action a augmenté à 2,28 SEK.

Skanska berichtete über starke Ergebnisse im 3. Quartal 2024, mit einem Umsatz von 42,8 Milliarden SEK, was einer Anpassung für Währungseffekte von 9% entspricht. Das Betriebsergebnis stieg erheblich auf 1,3 Milliarden SEK, was einem Anstieg von 138% entspricht. Der Bausektor erzielte ein gutes Ergebnis mit einem Betriebsergebnis von 1,5 Milliarden SEK und einer Marge von 3,6%. Die Auftragseingänge sprangen um 63% auf 50,8 Milliarden SEK mit einem Verhältnis von Aufträgen zu Bau von 124%. Allerdings hatte die Projektentwicklung mit einem betriebswirtschaftlichen Ergebnis von SEK -0,3 Milliarden und negativen Renditen aufgrund schwacher Immobilienmärkte zu kämpfen. Der operative Cashflow verbesserte sich erheblich auf 6,2 Milliarden SEK, während der Gewinn pro Aktie auf 2,28 SEK anstieg.

Positive
  • Revenue increased 9% to SEK 42.8 billion
  • Operating income grew 138% to SEK 1.3 billion
  • Construction segment operating margin improved to 3.6%
  • Order bookings increased 63% to SEK 50.8 billion
  • Operating cash flow significantly improved to SEK 6.2 billion
  • Book-to-build ratio strengthened to 124%
Negative
  • Project Development posted operating loss of SEK -0.3 billion
  • Property asset impairment charges of SEK -0.3 billion
  • Return on equity declined to 7.9% from 9.5%
  • Negative return on capital employed (-0.4%) in Project Development

STOCKHOLM, Nov. 6, 2024 /PRNewswire/ --

Highlights according to segment reporting

  • Revenue amounted to SEK 42.8 billion (40.3); adjusted for currency effects, revenue increased 9 percent.
  • Operating income amounted to SEK 1.3 billion (0.5); adjusted for currency effects, operating income increased 138 percent.
  • Earnings per share amounted to SEK 2.28 (1.41).
  • Operating cash flow from operations amounted to SEK 6.2 billion (0.3) for the period according to IFRS.
  • Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 6.5 billion (Jun 30, 2024: 1.8).
  • Order bookings in Construction amounted to SEK 50.8 billion (32.7). Adjusted for currency effects, order bookings quarter over quarter increased 63 percent. Rolling 12-month book-to-build ratio was 124 percent (107).
  • Operating income in Construction amounted to SEK 1.5 billion (1.4), representing an operating margin of 3.6 percent (3.3).
  • Operating income in Project Development amounted to SEK -0.3 billion (-0.8), including property asset impairment charges of SEK -0.3 billion.
  • Return on capital employed in Project Development was -0.4 percent (0.7), following weak property markets.
  • Return on equity was 7.9 percent (9.5).

This report will also be presented at a telephone conference at 10:00 CET on November 6, 2024. The press conference will be webcast live at www.skanska.com/investors, where a recording of the conference will also be available later. Participate in the audio conference, with the possibility to ask questions. Preferred connection (web link), for best audio quality, please join the call from your phone via the HD Audio web link here: HD Audio link. If you need to call in via telephone line, please dial +46 (0) 8 5051 0031; +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. The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CET on November 6, 2024.

For further information, please contact:

Pontus Winqvist, acting EVP 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

Håkan Ström, acting Head of Media Relations and Public Affairs, Skanska AB, tel +46 10 449 1957

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/interim-report--third-quarter-2024,c4061751

The following files are available for download:

https://mb.cision.com/Main/95/4061751/3096008.pdf

Skanska interim report q3 2024

 

 

Cision View original content:https://www.prnewswire.com/news-releases/skanska-interim-report-third-quarter-2024-302297269.html

SOURCE Skanska

FAQ

What was Skanska's (SKBSY) revenue in Q3 2024?

Skanska's revenue in Q3 2024 was SEK 42.8 billion, representing a 9% increase when adjusted for currency effects.

How much did Skanska's (SKBSY) operating income grow in Q3 2024?

Skanska's operating income grew by 138% to SEK 1.3 billion when adjusted for currency effects.

What was Skanska's (SKBSY) order booking value in Q3 2024?

Skanska's order bookings in Q3 2024 amounted to SEK 50.8 billion, showing a 63% increase adjusted for currency effects.

What was Skanska's (SKBSY) earnings per share in Q3 2024?

Skanska's earnings per share in Q3 2024 amounted to SEK 2.28, up from SEK 1.41 in the previous year.

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