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26/07/2016
Skanska Posts 'Strong' Results For First Six Months
Skanska has posted a "strong" set of results for the first six months of 2016.
The company revealed its revenue was £836 million, a 24% increase from the same period in 2015.
While its operating income was £16.5m the firm has secured a number of contract wins so far this year, including a £45m deal to build the Copyright Building in London and a £40m contract to develop a 5km tunnel underneath the river Humber for National Grid.
Mike Putnam, Skanska UK’s President and CEO, said the company has a strong order book despite a "tough contracting environment" and uncertain future caused by the EU referendum.
"We have also maintained a sound and stable operating margin throughout the first half of 2016," he said.
"The financial crisis and recession showed that Skanska has a well-honed capability to manage through external change. We will continue to take a measured and calm leadership approach to our business as the picture following Britain’s decision to leave the EU becomes clearer."
(LM/CD)
The company revealed its revenue was £836 million, a 24% increase from the same period in 2015.
While its operating income was £16.5m the firm has secured a number of contract wins so far this year, including a £45m deal to build the Copyright Building in London and a £40m contract to develop a 5km tunnel underneath the river Humber for National Grid.
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Mike Putnam, Skanska UK’s President and CEO, said the company has a strong order book despite a "tough contracting environment" and uncertain future caused by the EU referendum.
"We have also maintained a sound and stable operating margin throughout the first half of 2016," he said.
"The financial crisis and recession showed that Skanska has a well-honed capability to manage through external change. We will continue to take a measured and calm leadership approach to our business as the picture following Britain’s decision to leave the EU becomes clearer."
(LM/CD)
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