Swedish construction group Skanska booked an 18% increase in revenue to SEK 31.5bn (EUR 3.4bn) in its first quarter report for 2008. The rise in revenue from construction follows an earlier announcement that operating income for the group amounted to SEK 1.08bn. This figure included a gain of SEK 643mln on the sale of its 50% stake in the Ponte de Pedra hydropower plant in Brazil.
Swedish construction group Skanska booked an 18% increase in revenue to SEK 31.5bn (EUR 3.4bn) in its first quarter report for 2008. The rise in revenue from construction follows an earlier announcement that operating income for the group amounted to SEK 1.08bn. This figure included a gain of SEK 643mln on the sale of its 50% stake in the Ponte de Pedra hydropower plant in Brazil.
The interim results showed that income after financial items amounted to SEK 1.22bn, while profit for the report period came to SEK 878mln and earnings per share amounted to SEK 2.09.
The company said that order bookings had decreased by 11% in the period and amounted to SEK 34.3 bn (38.5), but when adjusted for currency rate effects, order bookings were down by 8%. The order backlog totalled SEK 143.2bn, equivalent to 13 months of construction.
