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Skanska orders slide 14% even as construction unit reports record earnings
| USA | economy

Skanska orders slide 14% even as construction unit reports record earnings

#Skanska #Order bookings #Operating income #Data centers #Property development #Dividend yield #Swedish economy

📌 Key Takeaways

  • Skanska's full-year order bookings dropped 14% to SEK 179.5 billion despite record profits in its main unit.
  • The construction division achieved a record operating income of SEK 7.09 billion with a 4.1% margin.
  • Data center contracts in the U.S. were a major driver of fourth-quarter activity, totaling SEK 9.5 billion.
  • The company proposed a significantly higher dividend of SEK 14.00 per share, including a special extra dividend.

📖 Full Retelling

Swedish construction giant Skanska AB reported a 14% decline in full-year order bookings in its year-end financial statement released on February 6, 2026, as a cooling global market offset record-breaking performance within its core construction division. The Stockholm-based group saw annual orders drop to SEK 179.5 billion from SEK 207.9 billion the previous year, a shift that tightened its book-to-build ratio to 105%. Despite this slowdown in new contracts, the company managed to achieve its highest-ever operating income in construction, reaching SEK 7.09 billion and surpassing internal margin targets. The record earnings in the construction unit were bolstered by a strong fourth quarter, where operating margins hit 5.6%. Much of this success was driven by the group’s focus on high-value infrastructure, particularly data center projects in the United States, which contributed SEK 9.5 billion to Q4 bookings. CEO Anders Danielsson attributed the firm's resilience to its multinational footprint and long-standing presence across the construction value chain, which allowed the core business to thrive even as other sectors faced headwinds. Contrasting the construction success, Skanska’s property development segments faced significant challenges throughout 2025. The Commercial Property Development division saw operating income plummet from SEK 1.12 billion to SEK 259 million following heavy asset impairments, while the Residential Development arm reported a sharp decline in home sales. To appease investors amid the mixed results, the board has proposed a substantial total dividend of SEK 14.00 per share, nearly doubling the previous year's payout through a combination of ordinary and extra dividends.

🐦 Character Reactions (Tweets)

Constructive Critic

Skanska: Building record earnings but can’t seem to order a new contract. Sounds like my last attempt at ordering takeout! 🍕💰

Market Magician

Skanska's construction division is like a balancing act on a high wire. Great earnings on one side, but whoops! Here comes the 14% drop on orders. 🎪📉

Dividend Diva

Skanska is doubling down on dividends like we’re all just sitting on a pile of cash waiting for a rainy day. Newsflash: it’s already pouring! ☔💸

Infrastructure Insider

Skanska: Transforming heavy losses into heavy dividends. If only my bank account could pull off the same magic trick! 🎩✨

💬 Character Dialogue

vader: The ebb and flow of fortunes in Skanska, much like the currents of the Force, reveal the frailty of mortal ambitions. Record earnings drown in the tide of inevitable decline.
kratos: Great strength lies in construction, yet even gods fall before market whims. They may boast of earnings, but the spirits of their failures haunt them.
vader: To appease investors with a mere dividend is to offer crumbs while the castle crumbles. True power lies not in payouts, but in mastery over one’s fate.
kratos: The ledger cries out for blood—the blood of lost opportunities. Their success is but a fleeting shadow, unable to command respect in a world of relentless destruction.
vader: The triumph of one division does little to mask the stagnation of another. In the grand tapestry of destiny, only the strong survive the darkest nights.

🏷️ Themes

Corporate Earnings, Construction Industry, Real Estate Market

📚 Related People & Topics

Earnings before interest and taxes

Measure of a firm's profit

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Data center

Data center

Building or room used to house computer servers

# Data Center A **data center** is a specialized physical facility designed to house critical computer systems and associated components, including telecommunications, networking, and data storage systems. ### Core Infrastructure As IT operations are essential for business continuity, data center...

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Skanska

Multinational construction and development company based in Sweden

Skanska AB (Swedish pronunciation: [ˈskânːska]) is a multinational construction and development company based in Sweden. It was established in 1887 as a concrete product manufacturer.

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Real estate development

Real estate development

Process that creates or renovates new or existing spaces

Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who ...

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🔗 Entity Intersection Graph

Connections for Earnings before interest and taxes:

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📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Skanska orders slide 14% even as construction unit reports record earnings Author Navamya Acharya Earnings Published 02/06/2026, 02:47 AM Skanska orders slide 14% even as construction unit reports record earnings 0 SKAb -2.36% Investing.com -- Skanska AB (ST:SKAb) on Friday reported a 14% decline in full-year order bookings to SEK 179.5 billion from SEK 207.9 billion, pushing its book-to-build ratio down to 105% from 123%, even as the Swedish construction group delivered record operating income in its core construction business. The company’s construction division posted all-time high operating income of SEK 7.09 billion for 2025, up from SEK 5.85 billion a year earlier, achieving a 4.1% operating margin that exceeded its newly raised target of 4.0%. Fourth-quarter operating income reached SEK 2.48 billion, representing a 5.6% margin. Access faster breaking news and analyst reactions with InvestingPro - up to 50% off Fourth-quarter order bookings totaled SEK 43.5 billion, down 3% in local currencies from SEK 49.6 billion. The order backlog stood at SEK 257.9 billion at year-end, unchanged from the previous quarter and representing 19 months of production. "Our competitive advantage comes from a multinational footprint, presence along the value chain and our long history," chief executive Anders Danielsson said in the report. Data center projects accounted for SEK 9.5 billion of fourth-quarter bookings, including contracts worth SEK 2.6 billion, SEK 2.5 billion and SEK 2.2 billion in the United States. The board proposed a dividend of SEK 14.00 per share, comprising SEK 8.50 in ordinary dividend and SEK 5.50 as an extra dividend, up from ...

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