Skanska: Three Month Report, January -- March 2004


STOCKHOLM, Sweden, April 30, 2004 (PRIMEZONE) -- Skanska:

- Net sales decreased by 12 percent to SEK 26,033 M (29,553). Adjusted for currency rate effects, net sales fell by 5 percent.

- Operating income amounted to SEK 456 M (720).

- Gain on sale of properties in Commercial Project Development amounted to SEK 126 M (488).

- Income after financial items amounted to SEK 418 M (540).

- Net income amounted to SEK 268 M (363) and earnings per share in the fourth quarter totaled SEK 0.64 (0.87).

- Order bookings declined by 4 percent to SEK 31.4 billion (32.6). Adjusted for currency rate effects however, order bookings rose by 3 percent. Order backlog amounted to SEK 126.7 billion (137.9), a decline of 8 percent. Adjusted for currency rate effects, order backlog only fell by 2 percent.

For further information, please contact: Hans Biorck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 88 00 Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8 753 88 01 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38

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