Skanska enjoys surge in UK revenue and orders

Grant Prior 11 years ago
Share

Skanska UK’s construction business saw revenue rise by 15% during the first quarter of 2014 compared to average rates last year.

The three-month turnover figure of £334.6m follows a string of contract wins and the addition of Atkins former highways business.

Operating profit during the first quarter was £10.4m equating to an operating margin of 3.1%.

President and CEO Mike Putnam said: “We have seen a significant jump in revenue.

“This is due to the first full quarterly contribution from our enlarged road maintenance operation following the acquisition of Atkins Highways Services last year, combined with underlying growth across our business in line with our strategic plans.”

During the first three months of 2014, £361m of orders were booked including the contract to build One New Street Square in the City of London.

Putnam said: “Our order bookings equate to a book to build ratio of 108 per cent.

“Any figure greater than 100 per cent is good news as it means we are taking in more bookings than revenue. The outlook for the year as a whole is positive as we have a strong pipeline of work.

“We are looking to recruit a significant number of people over the coming years and we see this as an opportunity to bring even greater diversity into our business.

“We’ve had a good start to 2014 and I am confident about the future.

“We have three of our own commercial development projects now underway – The Monument Building in London, 66 Queen Square in Bristol and Bentley Works in South Yorkshire.

“I believe the outlook for the industry as a whole is now much more positive.”

Latest news

Redundancies loom at M&E giant Dalkia

Consultation starts at Southern region
17 hours ago

Land deal unlocks East London £750m health hub plan

Queen Mary University secures site to build Whitechapel life sciences complex
17 hours ago

Aureos bags £45m Howden Relief Road job

Former Keltbray infrastructure business to start construction next month
18 hours ago

Four injured after partially built floor collapses

Court hears how steel beams were cut at the same time Acrow props removed
18 hours ago

Careys directors sacked after £4m job-loss showdown

Pair win unfair dismissal case after being accused of "tickling each other’s bollocks"
3 days ago

Octavius wins £31m A38 corridor upgrade

North Somerset picks firm for key trunk road improvement scheme
17 hours ago

Danny Sullivan Group hits back over HS2 allegations

Labour supply giant confident it is "fully compliant with all tax obligations"
4 days ago

Bid race takes off for £500m MAG airport small works deal

Nine-lot framework to cover civils, building and M&E jobs up to £5m
4 days ago

Mace director joins Wates as Chief Commercial Officer

Pat Fitzgerald to lead commercial strategy at Wates
4 days ago

Rob Perrins steps up as executive chair in Berkeley shake-up

Long-serving chief steps up to lead housebuilder’s next growth phase
4 days ago

Competition watchdog turns attention to civil engineering

Competition and Markets Authority launches study into road and rail delivery
4 days ago

Timber imports rise for first time in four years

Softwood volumes and prices lead rebound as housing outlook improves
4 days ago

10-Year Infrastructure Strategy published

Full details as Government pledges £725bn of funding over the next decade
4 days ago

Korean firm buys part built Hackney job from failed Elements Europe

Work can now restart on 21-storey hotel and office development
5 days ago

Mark Wild radical reset plan to rescue HS2

Senior manager bonuses scrapped and non-permanent labour cutback
5 days ago

HS2 supply chain fraud claims spark ministerial probe

Transport secretary pledges one-year reset for HS2 to end 'litany of failures'
5 days ago

Lords launch inquiry into Building Safety Regulator delays

Industry asked for evidence of how system is failing: Have your say
5 days ago

Willmott Dixon director becomes co-owner of local contractor BSN

Nick Gibb targets £100m turnover at Dudley based national contractor
5 days ago

Dry lining boss sentenced after mystery account moves

Court hears of £500,000 in unexplained transfers before contractor went under
5 days ago

Barhale bags £16m shaft tank for Severn Trent Water

"Final piece in the puzzle" of Etruria Vale upgrade
5 days ago

Keltbray strikes £30m funding deal for growth

Three-year funding deal to support push into higher-margin work
6 days ago

Take That brother buys steelwork giant William Hare

Entrepreneur Simon Orange seals deal for £350m turnover contractor
6 days ago

Civils contractor LF Solutions files administration notice

£20m-turnover specialist has labour supply arm and own plant fleet
6 days ago

Joseph Gallagher lands £50m green energy deal

Major trenchless construction contract for HyNet North West project
6 days ago

New boss drives NG Bailey to record revenue

Fresh strategy lifts M&E group's order book to £1.6bn
6 days ago

Costain wins vast underground hydrogen storage design job

Firms lands FEED contract for Cheshire salt caverns conversion
6 days ago

Graham gets green light for £70m Glasgow student tower

Construction due to start this year on 25-storey Anderston scheme
6 days ago

New £16bn National Housing Bank to drive 500k new builds

Homes England given new powers to finance stalled and complex schemes
6 days ago

Morgan Sindall upgrades profits forecast for this year

Overbury fitout and construction operations exceed trading expectations
7 days ago

Major project bidders to face ‘British jobs’ test

Contractors to face tougher jobs pledge scrutiny under new procurement shake-up
1 week ago