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Skanska: The Nordic region's largest builder, which is also one of the biggest players in the United States, said operating profit fell to 549 million crowns ($49 million) from 1.52 billion a year ago, below a forecast of 1.58 billion, according to LSEG estimates.
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Swedish builder Skanska reported third-quarter earnings far below market expectations on Wednesday as weak property markets took a toll in the shape of asset writedowns and goodwill impairment charges, sending its shares down 12%. "Based on recent market developments, we have reassessed the value of assets in our Property Development operations and recognized impairments of some of these," Skanska CEO Anders Danielsson said in a statement. A series of interest rate hikes across the world to tame surging inflation has pummelled residential and commercial property businesses over the...
Swedish builder Skanska reported third-quarter operating earnings well below market expectations on Wednesday as weak property markets took a toll in the shape of asset writedowns and goodwill...
/PRNewswire/ -- Skanska has been ranked as one of the world's best employers in a survey of global industry peers by respected business magazine Forbes. The...