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Small increase in Skanska revenues

Construction revenues for international contractor Skanska rose 8% to SEK 124.5bn (£12.5bn), its 2012 annual report revealed today.

Skanska’s operating income was £461M over 2012 with its operating margin fell slightly from 3% to 2.8%

The firm’s order book stood at £12bn with an order backlog of £14.7bn.

Skanska president and chief executive officer Johan Karlstrom said the majority of the firm performed well.

“The majority of the units in Construction delivered favourable results, even in markets characterized by declining construction investments and intense competition,” said Karlstrom in its annual report.

“However, the performance in the Latin American operation was weak.”

UK Outlook

In the UK the firm’s construction operating income grew from £42.2M in 2011 to £45.8M this year.

Skanska’s UK operating margin also grew from 3.3% to 3.7% over the same period.

But the firm’s order backlog dropped £2bn down to £1.9bn.

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