Skanska Three month report, 2003 - PowerPoint PPT Presentation

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Skanska Three month report, 2003

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  1. Skanska Three month report, 2003 Annika Holmgren, Bookstore Manager of Akademibokhandeln in the newly renovated CityCronan building

  2. 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)

  3. Performance analysis –Group

  4. Income statement

  5. Balance sheet

  6. 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

  7. Financial position – update

  8. Cash flow

  9. Group order bookings, net sales and order backlog SEK bn

  10. Commercial building Business mix in order backlog Dec 31, 2002 Mar 31, 2003 Civil construction Services Residential building

  11. Investments by quarter SEK M

  12. Net investments by quarter SEK M

  13. Residential Project Development

  14. Commercial Project Development Land bank increase was due to internal transfer from Construction units

  15. 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