image credit: Pexels

Skanska’s profit plummets 69% in Q2

July 24, 2020

While the hit to its second quarter profits reflects the initial shock of the world-wide coronavirus pandemic, in its six-month report, Skanska said coronavirus shutdowns are easing in Europe and the U.S, even though social distancing will continue to negatively impact productivity and that it is experiencing lower demand from private clients. It also said that public infrastructure investments will stimulate economies, but government funding is uncertain.

Read More on Construction Dive