Skanska three month report 2003
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Skanska Three month report, 2003. Annika Holmgren, Bookstore Manager of Akademibokhandeln in the newly renovated CityCronan building. Highlights from Q1, 2003. Order bookings of SEK 33.7 bn up 10% on 2002 Exceeds net sales for the first time in seven quarters

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Skanska three month report 2003

Skanska Three month report, 2003

Annika Holmgren, Bookstore Manager of Akademibokhandeln in the newly renovated CityCronan building


Highlights from q1 2003
Highlights from Q1, 2003

  • Order bookings of SEK 33.7 bn

    • up 10% on 2002

    • Exceeds net sales for the first time in seven quarters

    • Significant improvement in US Civil, UK, Finland and Norway

    • Negative currency effect of 12%

  • EBIT of SEK 720 M (234)

    • o/w gain on sale of properties 488 (40)

  • Increase in net debt of SEK 0.4 bn. Pension liabilities increased by SEK 1.3 bn due to new accounting principles (RR 29)





Change in net debt
Change in net debt

Last day of quarter

SEK M

12,000

10,000

8,000

6,000

4,000

2,000

0

Q1

Q2

Q3

Q4

2002

2003

2001





Business mix in order backlog

Commercial building

Business mix in order backlog

Dec 31, 2002

Mar 31, 2003

Civil construction

Services

Residential building





Commercial project development
Commercial Project Development

Land bank increase was due to internal transfer from Construction units


Market outlook
Market outlook

  • Construction investments are continuing to decline in most markets

  • Commercial and industrial construction still weak

  • Civil construction expected to be stable

    • Increase in Nordics, Czech Rep. and Poland. U.S. uncertain

  • Residential construction increasing in Czech Rep., Finland and Russia while shrinking in Sweden and Norway

  • Rising vacancy rates will mean lower PD activity

  • Growing PFI volume in the UK


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