Strong order book sees profit reach 拢40.1m
New infrastructure contracts and a strong order book in 2014 have lifted profit at Skanska UK by 6% to 拢40.1m.
Turnover at the UK subisdiary of the Nordic construction giant grew 22% in the past year to 拢1.3bn, with a profit margin of 3%.
Skanska announced that new orders in 2014 totalled 拢1.7bn,, with recent wins including a contract to upgrade Junction 30 of the M25 the Highways Agency鈥檚 拢5 billion Collaborative Delivery Framework contract for the improvement of England鈥檚 motorways and major A roads.
The firm has also started work on the MoD鈥檚 拢250m Defence College at Worthy Down in Hampshire and the 拢49.9m North West Cambridge development.
UK president and chief executive Mike Putnam said: 鈥淥ur financial results throughout the recession have remained consistent, stable and at a good level.鈥�
In 2014 Skanska announced new orders totalling 拢1.7bn. Putnam added: 鈥淲e have a robust pipeline of work, and in addition have been named preferred bidder on a considerable number of other projects. This puts us in a strong position going forward.鈥�
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