Skanska builds on improved margins
The Local · 16 Feb 2006, 11:27
Published: 16 Feb 2006 11:27 GMT+01:00
Net profit measured 3.89 billion kronor from 3.19 a year earlier and sales increased to 124.7 billion kronor from 121.3 billion kronor, the company said.
In the fourth quarter alone, net profit rose to 1.08 billion kronor from 206 million thanks to strong growth in sales, which increased to 36.1 billion kronor from 30.6 billion.
Skanska said it had made "good progress" towards its own performance targets last year and saw "great opportunity" to increase earnings in construction by boosting margins further.
The market outlook in all of Skanska's businesses was stable to good, it said.