Six Month Report, January-June 2008

Six Month Report, January-June 2008

January−June 2008 compared to January−June 2007

- Revenue amounted to SEK 68.6 billion (64.0). In Construction, revenue rose by
15 percent adjusted for currency rate effects.
- Operating income for the Group amounted to SEK 2,424 M (2,198).
- Operating income in Construction decreased by 22 percent and amounted to SEK
1,405 M (1,807). Operating margin decreased to 2.1 (3.0) percent. During the
report period, project writedowns in Skanska UK amounting to SEK 570 M were
charged to earnings, of which SEK 235 M during the second quarter. 
- In Residential Development, operating income totaled SEK 294 M (386), with an
operating margin of 7.5 (10.0) percent.
- During the report period, Skanska divested commercial properties worth SEK
1,734 M (1,218) with a capital gain totaling SEK 583 M (479).
- Income after financial items amounted to SEK 2,687 M (2,299).
- Profit for the report period totaled SEK 1,962 M (1,634) and earnings per
share amounted to SEK 4.66 (3.87).
- Operating cash flow before taxes, financing activities and dividends amounted
to SEK -1,527 M (328).
- Order bookings decreased by 12 percent and amounted to SEK 68.5 billion
(78.1). Adjusted for currency rate effects, order bookings decreased by 8  
percent.
- Order backlog totaled SEK 145.0 billion (153.6), equivalent to 13 (15) months
of construction.

For further information, please contact:
Hans Biörck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 88 00
Karin Lepasoon, Senior Vice President, Communications, Skanska AB, tel +46 8 753
88 74
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38, cell phone +46 70
543 88 38


This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 60,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2007 totaled SEK 139 billion.