STOCKHOLM, Sweden, May 6, 2003 (PRIMEZONE) -- Skanska (Other OTC:SKSBF):
Group highlights
First quarter of 2003 compared to 2002
- Order bookings rose by 10 percent to SEK 33.7 billion. Adjusted for currency rate effects, however, the increase was 22 percent. Order backlog rose by 2 percent from year-end 2002 to SEK 140.9 billion. Adjusted for currency rate effects, however, the increase was 5 percent.
- Operating income rose to SEK 720 M (234). Capital gains on the sale of properties amounted to SEK 488 M (40).
- Income after financial items rose to SEK 540 M (112).
- Cash flow from business operations before taxes paid and financing rose to SEK 1,083 M (-1,276).
- Interest-bearing net debt rose by SEK 357 M from year-end 2002 to SEK 9,387 M, including SEK 1,285 M as the effect of changes in accounting principles for pensions (RR 29).
This and previous press releases are also available at www.skanska.com
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The full report