Year-end report, January-December 2014

Skanska year-end report, January-December 2014 (compared to January-December
2013)
Highlights

  · Order bookings in Construction amounted to SEK 147.4 billion (114.2);
adjusted for currency effects, order bookings increased by 24 percent.
  · The order backlog amounted to SEK 170.9 billion (Sep. 30, 2014: 159.5);
adjusted for currency effects, the order backlog increased by 3 percent.
  · Operating income increased compared to 2013, amounting to SEK 5.8 billion
(5.1). This included writedowns and restructuring provisions in the Latin
American operation of SEK 0.8 billion.
  · Operating income in Construction increased by 16 percent and amounted to SEK
4.5 billion (3.9).
  · Revenue increased by 6 percent and amounted to SEK 145.0 billion (136.4);
adjusted for currency effects, revenue increased by 3 percent.
  · Sales of commercial properties amounted to SEK 9.8 billion (5.8).
  · Investments in development operations totaled SEK –14.1 billion (–11.6).
  · Total net investments amounted to SEK 2.8 billion (3.3).
  · Cash flow from operations amounted to SEK 3.7 billion (5.0).
  · Operating net financial assets totaled SEK 8.4 billion (6.7).
  · Earnings per share (EPS) increased by 18 percent to SEK 9.98 (8.43).
  · The Board of Directors proposes a dividend of SEK 6.75 (6.25) per share.

This report will also be presented via a telephone conference and webcast at
10:00 a.m. (CET) on February 12. There will also be a live audiocast of the
telephone conference at www.skanska.com/investors, where a recording of the
conference will also be available later. To participate in the telephone
conference, please dial +46 8 505 564 74, +44 2033 645 374, or +1 855 753 2230.
This and previous releases can also be found at www.skanska.com/investors.
For further information, please contact:

Peter Wallin, Executive Vice President and CFO, Skanska AB, tel +46 10 448 8900

Magnus Persson, Senior Vice President, Investor Relations, Skanska AB, tel +46
10 448 6429

Katarina Grönwall, Senior Vice President, Communications, Skanska AB, tel +46 10
448 8877

Edvard Lind, Group Press Officer, Skanska AB, tel +46 10 448 8808
Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Market Act.

Skanska is one of the world’s leading construction and project development
companies, focused on selected home markets in the Nordic region, the rest of
Europe and North America. Supported by global trends in urbanization, demography
and energy, as well as a focus on green construction, ethics, working
environment and health, Skanska offers competitive solutions in the most complex
assignments. The business model generates value for Skanska’s shareholders
through the collaboration of the Construction and Project Development business
streams.