STOCKHOLM, Sweden, Feb. 16, 2005 (PRIMEZONE) -- Skanska:
- Net sales of the Skanska Group amounted to SEK 30,616 M (35,605), a decline of 14 percent. Adjusted for currency rate effects, net sales declined by 3 percent.
- Operating income amounted to SEK 101 M (1,278). The European operations showed good results. These are however overshadowed by project writedowns in the United States and the United Kingdom totaling SEK 1,095 M.
- Income after financial items amounted to SEK 144 M (1,189).
- Net profit amounted to SEK 87 M (760) and net profit per share in the fourth quarter amounted to SEK 0.21 (1.82).
January-December 2004 compared to January-December 2003
- Net sales of the Skanska Group amounted to SEK 121,263 M (132,879), a decline of 9 percent. Adjusted for currency rate effects, net sales declined by 4 percent.
- Operating income amounted to SEK 3,853 M (4,532).
- Gain from divestments of properties in Commercial Project Development amounted to SEK 1,515 M (2,399).
- Operating income from discontinuing operations amounted to SEK 768 M (169).
- Income after financial items amounted to SEK 3,819 M (4,072).
- Net profit amounted to SEK 2,648 M (2,761) and net profit per share for the full year 2004 amounted to SEK 6.33 (6.60).
- Order bookings exceeded net sales in Construction by SEK 8 bn.
- Capital employed shrank to SEK 21.1 billion (24.5).
- Construction investments in several of Skanska's markets are continuing to show signs of recovery.
- The Board of Directors proposes a dividend of SEK 4.00 (3.00) per share for the 2004 financial year.
This and previous releases can also be found at www.skanska.com
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