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SKA B Skanska AB News Story

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Sweden's Skanska posts higher Q4 revenue, proposes dividend

Corrects Key Details table to show results were for Q4, not FY, and removes incorrect estimates throughout

Overview

Sweden-based construction firm's Q4 revenue rose 4% yr/yr, adjusted for currency effects

Operating income for Q4 increased 15%, adjusted for currency effects

Company proposed a dividend of SEK 14.00 per share, including an extra dividend

Outlook

Skanska did not provide specific guidance for future quarters or full-year projections

Result Drivers

CURRENCY ADJUSTMENTS - Revenue and operating income increased by 4% and 15%, respectively, when adjusted for currency effects

ORDER BOOKINGS DECLINE - Construction order bookings decreased 3% quarter-on-quarter, adjusted for currency effects

ASSET IMPAIRMENT - Project Development faced asset impairment charges affecting full-year operating income

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueSEK 48.7 bln
Q4 EPSSEK 5.94
Q4 Operating IncomeSEK 3 bln
Q4 Operating Cash FlowSEK 2.5 bln
Q4 Orders in constructionSEK 43.5 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the construction & engineering peer group is "buy" Wall Street's median 12-month price target for Skanska AB is SEK275.00, about 1.6% below its February 5 closing price of SEK279.40 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago Press Release: ID:nWkr6WZqDr For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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