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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Skanska AB Comments on FY 2012 Operating Income Guidance

Friday, 21 Dec 2012 02:00am EST 

Skanska AB announced that it will take a SEK 500 million charge in its construction operations in Latin America in the fourth quarter of the fiscal year (FY) 2012, mainly related to write-downs in one ongoing project and write-downs of claims in two completed projects with fixed price contracts. It is the same projects in which Skanska AB has taken write-downs earlier in FY 2012. After the charge of SEK 500 million, the operating income for the total construction stream for the full FY 2012 is expected to range between SEK 3.2 billion and SEK 3.4 billion. 

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