Skanska issues Brexit warning as European arm loses £36m

By Will Ing2019-02-08T10:31:00

Swedish contractor says Brexit uncertainty “is limiting investments in the non-residential building market”

Skanksa has warned investors it expects a weak UK construction market in the face of Brexit as the firm confirmed a £36m loss for its European construction arm in 2018.

Skanska said it was expecting a slow year for the UK construction market – weaker than in the any other country it operates in.

Its annual report notes: “In the UK the uncertainty related to Brexit is limiting investments in the non-residential building market.”

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community