Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Skanska beats forecasts in third quarter

Share this article

15:24 CET+01:00
Swedish construction and public works group Skanska reported a sharp hike in third quarter sales and earnings Thursday that beat market expectations.

The company said sales rose 14 percent in the July-September period to 36.405 billion kronor ($5.7 billion) compared to the third quarter of 2006.

Analysts surveyed by SME-Direkt had foreseen sales of 35.3 billion kronor.

Net earnings shot up 54.6 percent to 1.243 billion kronor.

The group's principal activity, construction, recorded an 11.9 percent gain in sales.

"Nearly all markets contributed to the improvement," said chief executive Stuart Graham.

"The outlook for building construction is positive in Skanska's main markets and especially in the Nordic markets and in Central Europe."

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The power of cooperation: the secret to Swedish success?

Is the Swedish approach to leadership really as special as people think? The Local asks a non-Swedish manager at telecom giant Ericsson for a frank appraisal of Swedes' so-called 'lagom' leadership style.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement