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Fri February 26 2021

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Skanska UK stays on growth course

11 Nov 14 Skanska UK’s construction business has maintained its operating margins at a steady 3.1% in the third quarter of 2014.

Skanska UK president and CEO Mike Putnam
Skanska UK president and CEO Mike Putnam

In the first nine months of 2014 Skanska UK banked £1,001.3m in revenues and made an operating profit of £30.8m. This 3.1% operating margin is the same as it was at the half-year point as well.

During the nine-month period, Skanska UK has booked £1,229.2m of orders. In the latest quarter, this includes an £86.6m mechanical and electrical fit-out contract at the Battersea Power Station redevelopment and a £49.9m site wide infrastructure project at the North West Cambridge Development.

Last year, for the full year 2013, Skanska UK made £41.9m operating profit on £1,216m revenue, so 2014 is on course to see revenues up but profits roughly maintained.

Skanska UK president and CEO Mike Putnam says that the company is well placed for 2015: “We are in good shape and our pipeline of future work remains strong and continues to grow. We have a healthy order book and a good pipeline of projects. I believe Skanska UK is on track to deliver another strong and stable performance in 2014.”

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