Skanska Q2 Net Income Rises to 2.57 Billion Kronor

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Skanska reported a rise in second-quarter net income to 2.57 billion Swedish kronor from 1.68 billion kronor a year earlier. Earnings per share according to IFRS was 6.17 kronor compared to 4.05 kronor. Segment profit increased to 1.79 billion kronor from 1.53 billion kronor, with segment earnings per share of 4.27 kronor versus 3.69 kronor. Segment operating income grew 17 percent to 2.1 billion kronor. Revenue according to IFRS was 48.03 billion kronor compared to 46.16 billion kronor last year, while segment revenue was 44.56 billion kronor against 44.55 billion kronor, up 1 percent adjusted for currency effects.

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Net income, segment profit, and revenue all rose year-over-year, indicating strong financial performance.