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Skanska UK 2015 revenue hits £1bn

Skanska UK’s construction business has posted revenue of £1.0bn for the first nine months of 2015.

This compares to turnover of £1.3bn in the whole of 2014, with the UK arm of the Swedish contractor described as “healthy and stable”.

Skanska UK made an operating profit of £24.8M in the nine months to 30 September this year, giving it an operating margin of 2.4%.

Skanska UK chief executive Mike Putnam said: “We are in a healthy and stable position. In a highly competitive marketplace we continue to deliver a steady operating margin that is at the higher end for the construction sector at this time.”

The third quarter of 2015 saw a number of project wins and extensions, including a £32M deal with Gloucestershire County Council to upgrade 55,000 streetlights across the county.

Elsewhere, Skanska has Asset Management Programme 6 deals with Thames Water, Welsh Water and Anglian Water worth a total of about £450M.

The company plans to keep expanding its workforce.

“We have welcomed over 100 graduates and 75 apprentices and trainees as part of our 2015 intake,” Putnam said.

“This demonstrates our clear commitment to provide opportunities for the next generation.”

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