Review of 2010 – USD version - Skanska

Construction
25
Aviation hangar becomes
shopping center
28
Construction, Skanska’s largest business
stream, includes residential and nonresidential
building construction as well as
civil construction in the Nordic countries,
Central Europe, the U.K., the U.S.
and Latin America.
Heron Tower − tallest
in the City of London
30
New Meadowlands Stadium
opened ahead of schedule
Construction operations shall increase their volume and market
shares while maintaining good margins.
The target for these operations is a margin averaging 3.5–4 percent
over a business cycle.
USD M 2010 2009
Revenue 15,707 17,038
Operating income 609 636
Operating margin, % 3.9 3.7
Working capital, USD bn –2.9 –2.8
Operating cash flow 871 944
Order bookings 18,234 16,828
Order backlog 21,619 18,994
Number of employees 50,197 51,660
Construction order backlog, USD 21.6 bn
Operations
• Building construction,
53%
• Civil construction,
38%
• Residential, 5%
• Service, 4%
Geographic area
Sweden, 22%
• Other Nordic
countries, 11%
• Other European
countries, 28%
• USA, 35%
• Latin America, 4%
Duration
• Production
in 2010, 53%
• Production
in 2011–, 47%
Customer structure
Government, 58%
Institutional 1 , 12%
• Corp. Industrial, 14%
• Commercial
Development, 10%
• Residential, 4%
• Other, 2%
1 Mainly private healthcare and educational institutions.
Skanska Review of 2010 – USD version Construction 23