Skanska UK turnover increased 14% but profit at group was hampered by poor performance in Denmark
Turnover at Skanska UK grew 14.4% to £907.2m for the year ending 31 December 2006, it said today.
Operating income jumped 19.2% to £30.4m giving the group a margin of 3.3%. It did not release a pre-tax profit figure.
David Fison, chief executive, Skanska UK said: “The results speak for themselves. I am delighted that year on year our ability to integrate the construction process on Skanska projects develops - a huge testament to the capability of our people at Skanska UK.”
The company’s order intake for the year was £1.8bn and it highlighted PFI schemes which had reached financial close during the period including Barts & The New London Hospitals Redevelopment and Bristol Schools.
The news comes as parent company Skanska revealed group turnover for 2006 grew 4% to £9.1bn. However it reported a 23% drop in net profit for the final quarter of 2006 to £88m due to a poor performance at its Danish commercial building business.