好色先生TV

Pre-tax profit in the year to 31 December 2007 was 7%, down from 拢35.5m in 2006 to 拢32.9m, despite the fact that turnover rose 44% to 拢1.3bn.

David Fison, the chief executive of Skanska UK, said profit would have risen 鈥渋n line with sales鈥� had it not been hit by problems on the unnamed projects.

He said: 鈥淲ithout a shadow of a doubt we will learn the lessons of it, and design management and risk management will form part of that 鈥� we are working on that as we speak. We鈥檝e got to turn problems into experience.鈥�

The picture was brighter across the whole of the Swedish group, where turnover rose from 拢9.3bn in 2006 to 拢10.3bn in 2007. Pre-tax profit was up from 拢270m to 拢326m.

Mike Pinkney, an analyst at Citigroup, said: 鈥淭he UK was the one black spot. When there are cost overruns on a PFI project there is nowhere to hide because you can鈥檛 pass the cost on.鈥�

Stuart Graham, Skanska鈥檚 group chief executive, said he was confident the costs of the problems in the UK had been fully accounted for. He added: 鈥淲e鈥檝e got to put that right in the future.鈥�

Last week it was announced that Johan Karlstrom, head of the group鈥檚 US construction business, would replace Graham as chief executive.

Graham will remain at Skanska in the role of chairman of the group鈥檚 construction business units in the US and as an adviser to the chief executive and Skanska board.

According to tables compiled for 好色先生TV, Skanska won 拢1.47bn in 2007, the seventh highest in Britain .

Skanska recently won the contract to build the 拢242m Heron Tower in the capital and is building the 拢150m Walbrook mixed-use scheme in the City of London.