Skanska operating profit for the fourth quarter and expectations in relation to the 2018 dividend



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Swedish automaker Skanska on Friday announced a smaller-than-expected fourth quarter operating profit increase and proposed a lower-than-expected dividend.

The operating profit of the largest builder in the Nordic region, and one of the largest in the US, was 2.38 billion kronor ($ 257 million) compared to the average forecast. by a poll of Reuters badysts for 2.64 billion. A year earlier, the profit was 738 million.

"We can see – always – a strong demand for the future.If you look in the United States, maintenance and infrastructure investments are incredibly important," Squawk Box said on Friday. Europe ", Anders Danielsson, CEO of Skanska. .

"So we do not really see a slowdown in the market in which we are active in the United States," he added.

Skanska has proposed a dividend of 6.00 crowns per share, down 8.25 kronor and below 8.35 kronor received by badysts.

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