Skanska AB (publ) (SKAB) Earnings Call Transcripts

Skanska AB (publ)'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Skanska AB reported a slight revenue decline to SEK 36.5 billion, missing analyst expectations of SEK 37.2 billion, reflecting a challenging winter and uneven revenue recognition. Operating income was SEK 1.1 billion, maintaining a 3% operating margin, consistent with the previous year. Management remains optimistic about the U.S. infrastructure market, citing a strong order backlog and a book-to-bill ratio of 107%, while also noting challenges in the Nordic residential market. Guidance for the full year remains stable, with a focus on maintaining a strong financial position and capitalizing on ongoing projects.

Reported metrics

Guidance from management

Management maintained their guidance for the year, emphasizing a focus on leveraging their strong order backlog and financial position to drive growth in the U.S. infrastructure market.

What management said

Yes, indeed. You can see it on the picture here to the right. And it's a proof of the very solid market we see now, especially in the U.S. when it comes to the traditional infrastructure. And we are well positioned to take advantage of that market. And I'm sure you have noticed the press releases we have sent out the last week, one of them a bridge replacement in Boston, which was booked for SEK 9.3 billion. So solid...

Thank you very much. Okay. So it's time now for your questions. So first, to the online audience. If you have a question for us here, then just use the telephone conference number provided and follow the instructions by the operator, and we will be back to come back to you soon. But we will start with questions from our guests here in the studio. And I will ask you to limit your questions to maximum two at the begi...

What analysts pressed on

Analysts expressed concerns regarding the decline in construction revenue attributed to weather and project delays. There were questions about the sustainability of margins in the Nordic residential market and the potential for catch-up in sales in upcoming quarters.

Main topics on the call

• U.S. Infrastructure Market Strength — Management highlighted a 'very solid market' in the U.S. for traditional infrastructure, with a record-high order backlog and a book-to-bill ratio of 107%. CEO Anders Danielsson stated, 'We don't see any slowdown there, ...
• Residential Development Challenges — The Nordic residential market remains slow, with management noting 'a bit softer still in the Nordic operation.' However, Central Europe is performing strongly, contributing to stable profitability.
• Stable Operating Margins — Skanska reported an operating margin of 3% for Q1, consistent with the previous year. CFO Pontus Winqvist noted, 'The operating profit increased by 5%' in local currency, indicating resilience despite revenue challenges.
• Order Book Growth — The company secured significant orders, including a SEK 6.9 billion data center project, contributing to a strong order intake. Danielsson emphasized, 'We are winning more orders than we produce,' which is crucial for fu...

Read the full Skanska AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Skanska AB (publ) earnings call transcripts on record, spanning February 7, 2020 to July 17, 2026. Based on this history, Skanska AB (publ) reports quarterly. The most recent call on file is dated July 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SKAB

Exchange

OM

Country

SE

Sector

Industrials

Industry

Construction and Engineering

Calls on record

29

First call

February 7, 2020

Most recent

July 17, 2026

Reporting cadence

quarterly