Swedish Builder Skanska reports steep fall in operating profit in Q4 2023
Fri, Feb 9, 2024 6:15 PM

Swedish Builder Skanska reports steep fall in operating profit in Q4 2023

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Skanska, one of the largest construction companies in the Nordics and the US, reported a significant decrease in fourth-quarter operating profit due to property value writedowns. They have proposed a reduced dividend and cited weak markets, particularly in US commercial real estate development, as the reason for 2 billion crowns worth of impairments.

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