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SKA B Skanska AB News Story

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Sweden's Skanska Q1 revenue, operating income miss estimates

Overview

Sweden construction and project developer's Q1 revenue declined and missed analyst expectations

Q1 operating income missed analyst estimates

Earnings per share rose slightly from a year earlier

Outlook

Company did not provide specific guidance or outlook for upcoming quarters or the full year

Result Drivers

ORDER BOOKINGS - Construction order bookings rose 5% quarter-over-quarter on a currency-adjusted basis

CONSTRUCTION MARGIN - Construction operating margin improved to 3.0% from 2.8%

PROJECT DEVELOPMENT INCOME - Operating income in Project Development turned positive

Company press release: ID:nWkrFNjWK

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMissSEK 38 blnSEK 40.05 bln (3 Analysts)
Q1 EPSSEK 2.42
Q1 Operating IncomeMissSEK 1.10 blnSEK 1.13 bln (3 Analysts)
Q1 Adjusted Free Cash Flow-SEK 1.30 bln
Q1 OrdersSEK 37.60 bln
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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