Swedish giant says operating income down 17% last year

Skanska said income was down 7% last year with the firm seeing its operating income sink by double digits.

In its 2021 results, the Swedish giant said revenue stood at SEK147.5bn (拢11.8bn) last year with the bulk of this, SEK132.5bn (拢10.6bn) coming from its construction business.

skanska cementation 1

Skanska said workloads in the UK in the coming year remained steady

It said operating income was down 17% to SEK9.7bn (拢776m), a figure which includes the SEK370m (拢30m) proceeds of the sale of its infrastructure services business in the UK to M Group Services for 拢50m. The firm said operating profit had fallen after it sold a PPP stake in a bridge scheme in the US at the end of 2020.

Operating profit from its construction business went up from SEK3.5bn (拢280m) to just over SEK5bn (拢400m) with the firm saying that its work in the UK would remain stable over the coming year.

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