Skanska AB: Interim report, second quarter 2025

Highlights according to segment reporting

• Revenue amounted to SEK 44.6 billion (47.4); adjusted for currency effects, revenue development was flat.

• Operating income amounted to SEK 1.8 billion (2.6); adjusted for currency effects, operating income decreased 26 percent. The comparable period includes five property divestments in Commercial Property Development.

• Earnings per share amounted to SEK 3.69 (5.03).

• Operating cash flow from operations amounted to SEK 1.3 billion (0.3) for the period according to IFRS.

• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 9.7 billion (Mar 31, 2025: 11.6).

• Order bookings in Construction amounted to SEK 56.7 billion (60.7). Adjusted for currency effects, order bookings quarter over quarter decreased 1 percent on a strong comparable quarter. The rolling 12-month book-to-build ratio was 113 percent (114).

• Operating income in Construction amounted to SEK 1.7 billion (1.5), representing an operating margin of 3.9 percent (3.5). The rolling 12-month operating margin was 3.7 percent.

• Operating income in Project Development amounted to SEK 0.3 billion (1.1).

• Return on capital employed in Project Development was 1.4 percent (-1.3).

• Return on equity was 9.5 percent (7.3).

This report will also be presented at a telephone conference at 10:00 CEST on July 18, 2025. The telephone conference will be webcast live at www.skanska.com/investors, where a recording of the conference will also be available later. Participate in the telephone conference, with the possibility to ask questions. Preferred connection (web link), for best audio quality, please join the call from your phone via the HD Audio web link here: HD Audio link. If you need to call in via telephone line, please dial [phone]; [phone] or [phone]. This and previous releases can also be found at www.group.skanska.com/investors.

This is information that Skanska AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act.
The information was submitted for publication, through the agency of the Senior Vice President Investor Relations set out below, at 07:30 CEST on July 18, 2025.

For further information, please contact:

Jonas Rickberg, EVP and CFO, Skanska AB, tel [phone]

Antonia Junelind, Senior Vice President, Investor Relations, Skanska AB, tel [phone]

Karolina Cederhage, Senior Vice President, Communications, Skanska AB, tel [phone]

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel [phone]

About Skanska

We are one of the world's largest construction and project development companies. We operate across select markets in the Nordics, Europe and the USA. Together with our customers and the collective expertise of our 26,300 employees, we create innovative and sustainable solutions that support healthy living beyond our lifetime.