Skanska's European business loses £61m in first half

By Jordan Marshall2018-07-23T09:21:00

The group’s US operation also took hits on a number of projects

Skanska’s European construction business, including its UK arm, has lost £61m (SEK712m) this year.

In its interim report for the second quarter the Swedish firm revealed its European business had lost more money in the first six months of this year than in the same period in 2017 where it lost £39m (SEK451m).

The US construction operation also lost SEK172m (£14m) between April and June but turned a profit of SEK222m (£19m) over the full six months.

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