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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
SEK 38 bln
SEK 40.05 bln (3 Analysts)
Q1 EPS
SEK 2.42
Q1 Operating Income
Miss
SEK 1.10 bln
SEK 1.13 bln (3 Analysts)
Q1 Adjusted Free Cash Flow
-SEK 1.30 bln
Q1 Orders
SEK 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.)