A train to the planeThe JFK AirTrain − a new high-speedlight rail link to John F. Kennedy Airportin New York City − has now opened forservice. Skanska was responsible fordesigning and building the elevatedrailroad including tracks and stations,a contract worth SEK 7.1 billion.SEK M EUR MNet sales 132,879 14,570Operating income 4,532 497Income after financial items 4,072 446Net income per share, SEK/EUR 6.60 0.72Return on shareholders’ equity, % 19.5 19.5Return on capital employed, % 17.1 17.1Order bookings 121,128 13,282Order backlog 116,401 12,8342003 Net sales in 2003 amounted to SEK 133 billion. During the year, the Group sold commercial properties worth SEK 7.6 billion, with capital gainstotaling SEK 2.4 billion. Skanska’s largest-ever property transaction was completed when City-Cronan in central Stockholm was divested for SEK 2.3 billion, with a gain of SEK 1.1 billion. The Group’s operating income amounted to SEK 4.5 billion. For the full year, the Group reporteda net profit of SEK 2.8 billion. Net profit per share was SEK 6.60. The Board of Directors proposesa regular dividend of SEK 3.00 for 2003. During the year, Skanska intensified its work with the Code of Conduct. In addition to extensivetraining in business ethics and related topics, the Group also established a new job health andsafety strategy.