In the year ended 31st December 2022, Skanska UK grew its total revenues by 12% to £1,400.2m (2021: £1,249.6m) and pre-tax profit on continuing operations by 58% to £55.0m (2021: £34.7m).
This included a one-off £29.1m gain on the sale of Infrastructure Services, sold to M Group Services in March 2021 for £50m.
Across the company, the average (mean) salary at Skanska UK last year was £66,750, up 15% from £57,780 in 2021.
However, this was inflated by increases at the top of the company.
The directors saw their remuneration increase by 64% and the value of their long-term incentive plans increase by 86%.
The highest paid director – presumably president and chief executive Katy Dowding – saw their remuneration almost double from £384,000 in 2021 to £758,000 in 2022.
Major contract wins for Skanska UK during the year included a £235m contract for a 16-storey commercial office building at 105 Victoria Street in London, the £500m A46 Newark Bypass and a £259m project to build an army vehicle storage hub in Tewkesbury.
Skanska employs three times as many people in administration as it does in construction – with 2,630 admin staff last year and just 805 in construction roles.
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