Skanska AB (publ) (SKSBF) Q1 2024 Earnings Call Transcript | Old North State Wealth News
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Skanska AB (publ) (SKSBF) Q1 2024 Earnings Call Transcript

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Skanska AB (publ) (OTCPK:SKSBF) Q1 2024 Earnings Conference Call May 8, 2024 4:00 AM ET

Company Participants

Antonia Junelind – Investor Relations
Anders Danielsson – President and Chief Executive Officer
Magnus Persson – Chief Financial Officer

Conference Call Participants

Graham Hunt – Jefferies
Arnaud Lehmann – Bank of America
Gregor Kuglitsch – UBS

Antonia Junelind

Good morning and a warm welcome to the presentation of Skanska’s First Quarter Report for 2024. My name is Antonia Junelind. I’m the Senior Vice President for Investor Relations here at Skanska. And here to present to you the main events, operational and financially from the first quarter is our President and CEO, Anders Danielsson; and our CFO, Magnus Persson. They will provide their first presentation and after that, we will move over to questions and we will open up for questions for those of you that have gathered here in the room for us, but also those of you that are joining us online. And we will then recommend that you use the HD audio link to call to us and ask the questions. But we will give back to with more information on that.

So, with no further ado, I then leave it to you Anders to start with the presentation.

Anders Danielsson

Thank you, Antonia. Welcome, everybody. It’s good to see you. Before we start, I wanted to look at the picture here, our beautiful building in Seattle, it’s called The Eighth, and it was also here that we had our record lease earlier this year.

First quarter for 2024, it’s a mixed performance, we have the construction with somewhat lower results, but we do have a strong order intake. Residential development, we can see increased sales compared to last year, but it’s from a low level still. Commercial property development, no divestment in the quarter recorded. We have improved the

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