Year-end report, January-December 2020

Rhea-AI Summary

Skanska AB reported a 10% decrease in revenue for 2020, totaling SEK 158.6 billion. However, operating income surged by 52% to SEK 11.9 billion, driven by divestment activities. Earnings per share rose 45% to SEK 22.46, while the Board proposed a dividend of SEK 9.50 per share. Operating cash flow improved to SEK 14.5 billion. Order bookings reached SEK 149.8 billion, with a backlog of SEK 178.9 billion.

Positive

• Operating income increased 52% to SEK 11.9 billion.
• Earnings per share rose 45% to SEK 22.46.
• Proposed dividend increased to SEK 9.50 per share from SEK 3.25.
• Operating cash flow from operations improved to SEK 14.5 billion.
• Order bookings in Construction rose 6% to SEK 149.8 billion.

Negative

• Revenue decreased by 10% to SEK 158.6 billion.
• Order backlog decreased to SEK 178.9 billion from SEK 182.9 billion.

OSTERSUND, Sweden, Feb. 5, 2021 /PRNewswire/ -- Highlights according to segment reporting:

• Revenue decreased 10 percent and amounted to SEK 158.6 billion (176.8); adjusted for currency effects revenue decreased 8 percent.
• Operating income, which includes the divestment of the ownership stake in the Elizabeth River Crossings, increased 52 percent and amounted to SEK 11.9 billion (7.8).
• Earnings per share increased 45 percent and amounted to SEK 22.46 (15.46).
• The Board of Directors propose a dividend of SEK 9.50 (3.25) per share, of which SEK 6.50 (3.25) per share as ordinary dividend and SEK 3.00 (0.00) per share as extra dividend.
• Operating cash flow from operations amounted to SEK 14.5 billion (3.8), according to IFRS.
• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 16.0 billion (September 30, 2020: 8.0), according to IFRS.
• Order bookings in Construction amounted to SEK 149.8 billion (145.8); adjusted for currency effects order bookings increased 6 percent. The order backlog amounted to SEK 178.9 billion (September 30, 2020: 182.9).
• Operating income in Construction amounted to SEK 3.5 billion (3.8), representing an operating margin of 2.5 percent (2.4).
• Operating income in Project Development amounted to SEK 5.4 billion (4.5).
• Return on capital employed in Project Development was 12.2 percent (10.3).
• Return on equity was 26.0 percent (21.4).

This report will also be presented via a telephone conference and a webcast at 10:00 a.m. (CET) on February 5, 2021. 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 8 566 426 51, or +44 333 300 0804, or +1 631 913 1422. PIN code 25299857#. This and previous releases can also be found at www.skanska.com/investors.

 CONTACT:

For further information, please contact:

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

André Löfgren, Senior Vice President, Investor Relations, Skanska AB, tel +46 10 448 1363

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

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

This information 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 above, at 7:30 a.m. CET on February 5, 2021.

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

https://news.cision.com/skanska/r/year-end-report--january-december-2020,c3279960

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https://mb.cision.com/Main/95/3279960/1368249.pdf

Skanska Q4 2020

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SOURCE Skanska

FAQ

What were Skanska's total revenues for 2020?

Skanska's total revenues for 2020 were SEK 158.6 billion, a decrease of 10%.

What is the proposed dividend per share from Skanska?

The proposed dividend per share from Skanska is SEK 9.50.

What was the operating income increase reported by Skanska?

Skanska reported a 52% increase in operating income, totaling SEK 11.9 billion.

How much did Skanska's earnings per share increase?

Skanska's earnings per share increased by 45% to SEK 22.46.

What were Skanska's order bookings for 2020?

Skanska's order bookings for 2020 amounted to SEK 149.8 billion, a 6% increase.