Sweden's Skanska Q2 revenue slightly beats on Construction unit strength

Skanska AB

17/07/2026 06:40

Overview
Sweden construction group's Q2 revenue slightly beat analyst expectations, up 1% currency-adjusted
Q2 operating income rose 17% and beat analyst estimates
EPS increased to SEK 4.27; order bookings rose 23% currency-adjusted

Outlook
Skanska did not provide specific guidance or forecasts for the current qtr or full yr

Result Drivers
CONSTRUCTION MARGINS - Higher operating income in Construction driven by improved operating margin to 4.3% from 3.9%
ASSET IMPAIRMENTS - Project Development operating income was hit by SEK -0.5 bln in asset impairment charges in US commercial properties
DIVESTMENT GAIN - Central operating income included gain from sale of 50% stake in I-4 Ultimate highway in Orlando, Florida

Company press release: ID:nWkr8pcLNw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
SEK 44.60 bln
SEK 44.57 bln (3 Analysts)
Q2 EPS
 
SEK 4.27
 
Q2 Operating Income
Beat
SEK 2.1 bln
SEK 1.98 bln (3 Analysts)
Q2 Adjusted Free Cash Flow
 
SEK 7.10 bln
 
Q2 Orders
 
SEK 68 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 SEK270.00, about 7% above its July 16 closing price of SEK252.30
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

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.)