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Skanska reports 2015 success

World Cement,

Skanska UK’s construction and development businesses recorded a consolidated operating income of £38.4 million in 2015, on revenues of £1430 million. This equates to an operating margin of 2.7%. During this period, Skanska UK booked £1493 million of orders.

Mike Putman, Skanska UK’s President and CEO, said: “In a tough and extremely competitive environment, I am pleased to report a year of steady performance across the business.”

In 2015, Skanska began work on a number of important projects, including the £140 million New Papworth Hospital in Cambridge, three AMP6 projects for Thames Water, Welsh Water and Anglian Water, and a £32 million contract with Gloucestershire Council to upgrade 55 000 streetlights.

“2015 wasn’t just about winning work, it was also about continuing to deliver our current projects to the highest standards,” said Putnam.

“A tremendous example is the M1 Junction 19 project for Highways England, where the M1 meets the M6 and the A14,” he said. “Several milestones have been reached early and, in one case, three months ahead of schedule. It means that drivers who have had to negotiate one of the most complex junctions in the country are starting to see a significant change for the better.”

A key contributor to the success of the M1 Junction 19 project was Skanska’s early use of BIM (Building Information Modelling), which creates highly detailed, 3D virtual versions of projects, providing a huge range of additional information. This enabled a large project team to understand quickly, clearly and consistently, exactly how the complex £131.5 million scheme was to be delivered from the beginning.

Highlighting Skanska’s leadership in BIM, December 2015 saw the company become one of the first constructors to achieve company-wide Level 2 BIM Capability verification from BSI (British Standards Institute) – a requirement from April 2016 for new public sector contracts.

“Continuing to innovate is an important part of our future, as is developing a diverse and inclusive workforce, maintaining the highest safety and ethical standards and caring for our environment,” said Putnam. “A ‘book-to-build’ ratio of 104 per cent signifies a strong pipeline of work and provides a firm foundation for our business in 2016 and beyond. There are also good future opportunities, worth around £1.9 billion, where we are working on an early involvement or two-stage basis.

“Sustainable growth is our goal and we will deliver that in line with our purpose to build for a better society,” he said.

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