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Builder Skanska's profit beats forecasts

Published 02/03/2022, 02:04 AM
Updated 02/03/2022, 02:05 AM
© Reuters. FILE PHOTO: Swedish builder Skanska sign is seen at the building site on Brompton Road in London, Britain November 7, 2018. Picture taken November 7, 2018. REUTERS/Anna Ringstrom

STOCKHOLM (Reuters) - Sweden's Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the year.

Fourth-quarter operating profit at the Nordic region's largest builder, and one of the biggest in the United States, was 3.63 billion Swedish crowns ($393.9 million) against a year-ago 6.59 billion.

© Reuters. FILE PHOTO: Swedish builder Skanska sign is seen at the building site on Brompton Road in London, Britain November 7, 2018. Picture taken November 7, 2018. REUTERS/Anna Ringstrom

Five analysts polled by Refinitiv had on average estimated a profit of 2.85 billion crowns.

($1 = 9.2161 Swedish crowns)

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