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Skanska AB (SKSBF) CEO Anders Danielsson on Q1 2021 Results - Earnings Call Transcript

May 02, 2021 9:25 AM ETSkanska AB (publ) (SKSBF), SKBSY
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Skanska AB (OTCPK:SKSBF) Q1 2021 Earnings Conference Call April 29, 2021 4:00 AM ET

Company Participants

Andre Lofgren - SVP, IR

Anders Danielsson - President & CEO

Magnus Persson - CFO & EVP

Conference Call Participants

Simen Mortensen - DNB Markets

Anastasia Solonitsyna - UBS

Stefan Andersson - SEB

Andre Lofgren

Good morning, everyone. This is Andre Lofgren, Senior Vice President, Investor Relations of Skanska speaking. And welcome to the presentation of Skanska's 3-month report for 2021. The presentation will be held by CEO, Anders Danielsson; and also our CFO, Magnus Persson. After the presentation, you will be able to ask questions. And with that, I hand over to you, Andres.

Anders Danielsson

Thank you, Andre. And before we jump into the figures, I wanted to look at the picture here on the screen. It's our project Epic in Malmö, south of Sweden. It's our own development, project development, completed, fully let and very green and healthy building, so success.

Let's go into the figures and the highlights here. We have a 3-month report, and we have had a very strong start of the year. All our operations deliver. We have -- can see that construction is steadily improving. We have a very strong performance on residential developments. Both volumes and profitability is strong. And a good quarter in commercial property development. We have very attractive levels of the divestment we have made in the quarter.

Operating margin in construction improves to 2.5% in the single quarter compared to last year, 1.6%. And the return on capital employed in product development are above our target of 10% on a rolling 12 months basis. Return on equity, rolling 12, 24%, and continue -- we continue to have a very strong financial position. Coming back to that, of course.

But let's go

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