Skanska UK’s construction business recorded an operating income (profit) of £30.8 million in the first nine months of 2014 and revenue of £1,001.3 million, equating to an operating margin of 3.1 per cent according to its latest trading update.
During the period, £1,229.2 million of orders have been booked by Skanska UK. In the latest quarter, this includes an £86.6 million mechanical and electrical fit-out contract at the Battersea Power Station redevelopment and a £49.9 million site wide infrastructure project at the North West Cambridge Development.
The company is well placed for 2015, according to Skanska UK President and CEO Mike Putnam:
“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.”
During the quarter, Skanska UK announced its sponsorship of Bristol as European Green Capital 2015. Mike Putnam commented:
“In the future, cities will only be one colour and that’s green. Skanska is keen to share our global sustainability expertise to support Bristol in achieving its ambitious aims. We’re looking forward to working together and inspiring other cities to follow its lead.”
Skanska, established in 1887, is one of the world’s leading project development and construction groups. The UK operation is one of the country’s top contractors.
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