Skanska profit beats forecastChristian Fernsby ▼ | July 24, 2019
Skanska’s efforts to improve margins are on track, it said on Wednesday as it reported better than expected second-quarter operating profit.
Skanska Its markets were positive overall but slightly lowered
“In the UK the uncertainty related to Brexit is limiting investments in the non-residential building market and also impacting the civil market negatively,” Skanska said.
The operating margin in its construction business, the company’s biggest division, rose to 2.9 percent from 1.4 percent a year ago.
Skanska said low-profitability projects in Poland and the United States are near completion. ■