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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 Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Construction delivered a 5.0% operating margin and record SEK 328.3bn backlog; Project Development earnings were weighed down by impairments.
Segment revenue rose 12% excluding currency effects and segment operating income increased 52% to SEK 2.072bn; profit was SEK 1.730bn and EPS SEK 4.14.
Operating cash flow was SEK 2.8bn; adjusted interest-bearing net receivables were SEK 11.6bn at quarter-end.
Financial highlights
Segment revenue was SEK 49.377bn versus SEK 43.674bn, up 12% excluding currency effects.
Segment operating income rose 52% to SEK 2.072bn; profit for the period was SEK 1.730bn and segment EPS SEK 4.14.
IFRS revenue was SEK 46.409bn, operating income SEK 1.482bn, profit SEK 1.284bn and EPS SEK 3.06.
Operating cash flow was SEK 2.8bn; cash flow before changes in interest-bearing receivables and liabilities was SEK 2.6bn.
Outlook and guidance
Construction markets in selected home markets are expected to offer good opportunities over the next 12 months; civil demand is solid, while building demand is more cautious.
Central European housing is expected to remain solid; Nordic new-build recovery may take time amid macro uncertainty and interest-rate expectations.
Central European leasing demand and limited supply support rents; Nordic and US occupier activity is mostly stable, while US core-property investor activity remains low.
Investment Property rents are expected to remain mostly stable in a competitive market.
Targets: Construction margin 4.5% vs. ≥4%; ROE 11.4% vs. ≥18%; Project Development ROCE 1.6% vs. ≥10%; climate reduction 65% vs. 70% by 2030.
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Latest events from Skanska
- Operating income up 17% to SEK 2.1 billion, with record Construction order intake and strong cash flow.SKA
Q2 2026 - Revenue down 10% year-over-year, but Construction margins and order backlog remain strong.SKAQ1 2026
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- 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
Q4 202629 Jan, 2027
Skanska
Next Skanska earnings date
Q4 202629 Jan, 2027
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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.