Skanska reports record order bookings in Q1 2024

The translation was written by an AI system, though the original text was authored by a human.

Skanska’s order intake for its construction operations soared to SEK 46.9 billion in the first quarter of 2024, up 83% from SEK 25.8 billion a year earlier, driving the company’s total order backlog to historically high levels.

Key Q1 2024 highlights:

• Revenues rose 4% to SEK 36.4 billion
• Construction operating income dipped to SEK 0.7 billion from SEK 1.0 billion in Q1 2023
• Project development operating loss narrowed to SEK -0.1 billion from SEK -0.5 billion

– The group’s first quarter results were characterized by strong order bookings and lower earnings in construction operations. Order intake was robust with solid contributions from Norway and the U.S., resulting in our order backlog reaching a new record high, said Anders Danielsson, President and CEO.

The translation was written by an AI system, though the original text was authored by a human.