Annual Report 1999 - Skanska

This is SkanskaThe year in briefSkanska was founded in 1887. The Group’s operations encompass construction-relatedservices and project development. Sales are about SEK 80 billion per year and the numberof employees is 45,000. Skanska operates in some 50 countries worldwide, withSweden, Denmark, Finland and the United States as its main markets.Skanska’s Series B shares have been traded on the A list of what is now called the OMStockholm Stock Exchange since 1965.• Order bookings rose by 25 percent to SEK 96,894 M• Operating income rose to SEK 6,901 M (4,376)• Income after financial items totaled SEK 6,862 M (4,825)• Net profit per share amounted to SEK 37.60 (24.40)• Skanska divested its shareholding in Scancem• The Board of Directors is requesting authorization to buyback a maximum of 10 percent of the Company’s sharesThe Öresund BridgeOn July 1, 2000, the Öresund Link between Sweden and Denmark will be inaugurated.The Skanska-led consortium Sundlink Contractors built the Öresund Bridge, the longestportion of the Link.● 3 Skanska Annual Report 1999