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Skanska鈥檚 UK business has reported a 30% increase in revenue for the first three quarters of this year, although margins were slightly down, according to the company鈥檚 report for the year to date.

The group鈥檚 report for the first three quarters of this year, released to the stock exchange this morning, shows that its UK division鈥檚 revenue increased from 拢770m to 拢1bn. The revenues for July to September 2014 show a similar year on year increase to 拢362m compared to 拢280.6m in the same quarter last year.   

Operating proifts increased from 拢25.7m for January to September 2013 to 拢30.8m in the first three quarters of this year.

Order bookings for the Swedish construction giant鈥檚 UK business were also substantially higher, more than doubling to 拢1.2bn in January to September 2014 from 拢548.6m for the same period last year.

Skanska鈥檚 UK order book was bolstered by the recently awarded 拢87m contract for the Battersea Power Station.  The company also highlighted its success in being selected as preferred bidder on the New Papworth Hospital project.

However the UK business鈥檚 margins for the first nine months of the year were down from 3.3% between January and September 2013 to 3.1%for the same period this year. The third quarter showed a marginally sharper deterioration with margins for July to September dropping to 3.1% compared to 3.6% in the first three quarters of 2013.

Skanska president and chief executive officer Johan Karlstr枚m highlighted the UK as one of the multi-national鈥檚 strongest performing markets, writing in his forward to the nine month report that 鈥渙rder bookings were especially strong in the Swedish, US civil, UK and Polish construction operations.鈥�