Skanska B

Skanska reports Q4 2025 revenue of SEK 43.9 billion and an operating construction-sector margin of 5.6%, well above the prior year and the company's target. Group operating income rose to SEK 2,981 million and profit for the period to SEK 2,469 million; earnings per share climbed to SEK 5.94. The board proposes a dividend of SEK 14 per share (SEK 8.50 regular plus SEK 5.50 special dividend), almost twice last year’s level. Skanska highlights strong US civil engineering demand, weaker Nordic residential markets, a solid balance sheet with an adjusted net cash position of SEK 11.5 billion, and keeps its market outlook unchanged. » More on de.investing.com

Skanska has raised its long-term operating margin target for its construction division from ≥3.5% to ≥4.0% and at the same time confirmed all other financial targets, including an property development return of ≥10% ROCE. Market consensus for 2025–26 is around 3.9%; the new target could boost earnings per share by roughly 2–3%. Jefferies views the increase as a positive signal given strong order books, but the stock fell about 2% because shareholder-return targets remained unchanged; comments from management at the capital markets day are awaited. » More on de.investing.com

Skanska surpassed expectations in the second quarter with strong performance in residential construction and robust order intake. The operating margin in the construction segment was 3.9%, above analyst consensus, and the outlook for residential construction in Europe as well as Swedish civil engineering was raised. Despite a challenging environment, the company's financial position remains stable. » More on de.investing.com