Q4 2025 Skanska AB Earnings Call Transcript
Key Points
- Skanska AB (SKBSY) reported a very successful divestment quarter in commercial property development, including a significant deal in Prague.
- The company achieved an all-time high construction margin of 5.6% for the quarter and 4.1% for the full year, surpassing their target of 4%.
- Skanska AB (SKBSY) managed to reduce carbon emissions in their operations by 65% since 2015, nearing their 2030 target of a 70% reduction.
- The order backlog remains historically high at close to SEK258 billion, with a book-to-build ratio of 105% for the rolling 12 months.
- The Board proposed a total dividend of SEK14 per share, including an extra dividend, reflecting a strong financial position.
- Residential Development showed mixed performance, with weaker markets in the Nordics and lower profitability due to divesting unsold completed homes.
- Return on capital employed in Project Development was low at 1.8%, indicating challenges in achieving desired returns.
- The Commercial Property Development segment's return was below targets on a rolling 12-month basis, with efforts needed to increase capital turnover.
- The US market for Commercial Property Development remains weaker, with investors hesitant to invest in properties.
- Operating margin in Residential Development was only 1.8% for the quarter, significantly below the target of 10% or better.
Good morning, and a warm welcome to the presentation of Skanska's fourth-quarter and year-end report. I'm Antonia Junelind. I'm the Senior Vice President for Skanska's Investor Relations. And joining me on stage here in our studio today is our President and CEO, Anders Danielsson; and EVP and CFO, Pontus Winqvist.
Shortly, they will take you through an update as of the last quarter, provide you with some further insights on the business operations, financial performance and our market outlook. And after their initial presentation, we will open up for questions. (Event Instructions)
So with that brief introduction, let's take a look at the fourth quarter performance. Anders, please take your way.
Thank you, Antonia. And good to see everyone here in the room, and welcome to you on the web as well. Before we start the presentation, I wanted to look at the picture here on the slide to the right. We are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
