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Skanska CFO: ‘We probably have the best balance sheet in the industry’

July 23, 2022


CEO Anders Danielsson in an investor call described U.S. construction order bookings “very healthy.” Skanska reported about $1.28 billion in Q2 bookings — down from about $2.28 billion year-over-year — with a 96% book-to-build ratio and 19 months of production for its backlog.

Danielsson said Skanska has continued to be selective about bidding on projects in Central Europe since the war in the Ukraine began earlier this year. In the builder’s Q1 report, Danielsson said the conflict had created uncertainty in the region, which slightly hindered Skanska’s operations in Europe.

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