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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Skanska
Skanska (SKA) investor relations material
Skanska Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary17 Jul, 2026
Executive summary
Strong second quarter with record Construction order intake, high operating margin, and robust financial position; Commercial Property Development impacted by US asset impairments but completed two project divestments.
Residential Development performed well in Central Europe but was weak in the Nordics due to low volumes, provisions, and restructuring costs.
Investment Properties delivered stable results and cash flow, including the divestment of the PPP asset I-4 Ultimate in the US.
Major project wins included the appointment as master developer for the Penn Station Transformation in New York City.
Carbon emissions (scope 1 and 2) reduced by 64% since 2015 baseline.
Financial highlights
Group operating income rose to SEK 2.1 billion (1.8 billion), with EPS at SEK 4.27 (3.69) and strong operating cash flow of SEK 7.1 billion.
Construction revenue stable at SEK 43.0 billion, operating income SEK 1.8 billion, margin 4.3% (3.9%), and record order bookings of SEK 68.0 billion.
Residential Development revenue SEK 1.7 billion, operating income SEK 25 million, margin 1.5%, impacted by low volumes and restructuring in Nordics.
Commercial Property Development operating income SEK -170 million due to SEK 464 million in US asset writedowns, offset by SEK 217 million gain on sales.
Investment Properties operating income SEK 85 million, occupancy rate 83%, return on capital employed 4.8%.
Outlook and guidance
Construction market outlook mostly stable, with robust demand in civil segments and improving building market, especially in Sweden and Finland.
Central European residential market remains strong with positive price momentum; Nordic recovery slow but showing signs of improvement in Sweden.
US commercial property market stable but transaction activity constrained by high interest rates and macro uncertainty; stable transaction activity in Nordics and Central Europe.
Investment Properties market competitive, with strong demand for high-quality space and stable rents expected.
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Latest events from Skanska
- Revenue down 10% year-over-year, but Construction margins and order backlog remain strong.SKA
Q1 2026 - Record Construction results and strong property divestments drive higher dividend proposal.SKAQ4 2025
- Construction margin target raised to ≥4.0%, with focus on growth, sustainability, and cash flow.SKACMD 2025
- Revenue up 8%, strong Construction margins, Central Europe leads, US impairments weigh.SKAQ3 2025
- Strong Construction margins and record backlog offset lower earnings and weak Nordic housing.SKAQ2 2025
- Strong revenue, record backlog, and robust Construction margins offset residential challenges.SKAQ3 2024
- Strong Q2 with record order backlog, robust US growth, and major property divestments.SKAQ2 2024
- Strong Construction growth and record backlog offset weak Nordic residential demand.SKAQ1 2025
- Strong revenue, profit, and backlog growth drive higher dividend and positive outlook.SKAQ4 2024
Next Skanska earnings date
Q3 20265 Nov, 2026
Skanska
Next Skanska earnings date
Q3 20265 Nov, 2026
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Frequently asked questions
Skanska AB operates as a construction and project development company in northern, western and southern Europe, the U.S., and Asia. Skanska's activities comprise architectural and civil engineering services; tunneling and underground construction; construction of buildings and other facilities, such as hospital centers, office premises, shopping malls, and schools; as well as project development activities for urban development projects. Its segments include Construction Systems, which is involved in the design, planning, technical consultancy and supervision of construction works; Infrastructure Development; and Property Development. The Construction Systems segment focuses on designing and constructing roads, bridges, industrial plants and other facilities. The company is based i Stockholm, Sweden.