Restructure sees Skanska's profit plunge in first quarter of 2018

By Jordan Marshall2018-05-09T14:17:00

Firm’s construction arm lost £3.5m during the period

Bohus motet 2010skanska 082 grupp

Skanska’s profits have plunged in the first three months of 2018 thanks to restructuring costs within its construction business.

The company’s total operating income fall to SEK652m (£55m) between January and March of this year, compared to SEK1.85bn (£156m) in the same period in 2017.

The Swedish firm’s construction business took a significant hit, running at a SEK41m (£3.5m) loss for the first three months of 2018, compared to a surplus of SEK392m (£33m) in the same period last year.

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