STOCKHOLM, Sweden, Oct. 30, 2003 (PRIMEZONE) -- Skanska:
Group highlights
Third quarter of 2003 compared to third quarter of 2002
- Net sales of the Skanska Group declined by 4 percent to SEK 34,125 (35,556). Adjusted for currency rate effects, net sales rose by 5 percent.
- Operating income rose to SEK 887 M (876).
- Income after financial items rose to SEK 745 M (670).
- Net income amounted to SEK 519 M (324) and earnings per share in the third quarter amounted to SEK 1.24 (0.77).
- Order bookings rose by 8 percent to SEK 36.4 billion. Adjusted for currency rate effects, order bookings increased by 19 percent. Order backlog amounted to SEK 134.3 billion, a decline of 3 percent compared to year-end 2002. Adjusted for currency rate effects, order backlog rose by 14 percent.
January-September 2003 compared to January-September 2002
- Net sales of the Skanska Group declined by 8 percent to SEK 99,481 M (108,048). Adjusted for currency rate effects, net sales rose by 1 percent.
- Operating income rose to SEK 3,254 M (1,926).
- Income after financial items rose to SEK 2,833 M (1,062).
- Net income amounted to SEK 2,001 M (508) and earnings per share amounted to SEK 4.78 (1.21).
- Improved financial position. Interest-bearing net debt decreased by SEK 5,133 M from year-end 2002 to SEK -3,897 M.
- Capital employed decreased to SEK 25 billion (Dec. 2002: 32).
- Cash flow from business operations rose to SEK 4,971 M (- 1,092).
This and earlier press releases are also available at www.skanska.com
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http://www.waymaker.net/bitonline/2003/10/30/20031030BIT00620/wkr0001.pdf