Skanska increases profit

Construction group Skanska reports an operating profit of SEK 1.4 billion for the third quarter. This compares with a profit of SEK 1.3 billion in the corresponding quarter a year earlier.

Revenue rose to 43.7 billion kronor, compared to 42.8 billion kronor a year earlier. This was lower than analysts' expectations of 44.7 billion kronor, according to a Bloomberg compilation.

Order intake in the construction business fell to SEK 39.9 billion compared to SEK 50.8 million in the comparison quarter.