Sweden's Skanska Q3 revenue beats on construction segment growth

Skanska AB

05/11/2026 06:42

Overview
Sweden construction group's Q3 revenue rose 12% yr/yr, beating analyst expectations
Q3 operating income increased but missed analyst estimates
Order bookings reached all-time high, driven by strong construction segment

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
CONSTRUCTION SEGMENT - Co said strong performance in Construction drove revenue growth and all-time-high order bookings
IMPAIRMENT CHARGES - Co said operating income in Project Development was hurt by impairment charges in Commercial Property and Residential Development

Company press release: ID:nWkr6S3bn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
SEK 49.40 bln
SEK 47.25 bln (3 Analysts)
Q3 EPS
 
SEK 4.14
 
Q3 Operating Income
Miss
SEK 2.10 bln
SEK 2.32 bln (3 Analysts)
Q3 Adjusted Free Cash Flow
 
SEK 2.80 bln
 
Q3 Orders
 
SEK 68 bln
 

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 SEK297.00, about 3.7% above its November 4 closing price of SEK286.40
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Nov 5 - Norway's NRC Group Q3 revenue flat, EBIT rises on Finland demand
Nov 4 - Construction firm NYAB Q3 operating profit rises on order intake
Nov 5 - Construction firm Merko Ehitus Q3 profit declines on higher fuel, energy costs

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.)