Skanska UK’s construction business has seen revenue growth around in the first quarter of 2014 15% higher than the average quarterly rate in 2013 - in the first three months of the year £361 million of orders were booked.
The firm recorded operating income (profit) of £10.4 million and revenue of £334.6 million during the period, equating to an operating margin of 3.1 per cent.
Commenting on the increase, 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.”
“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.”
Skanska announced in April that it is creating 1,500 new jobs in the UK over the next two to three years to deliver the work it has already secured.
Overall Putnam is optimistic: “We’ve had a good start to 2014 and I am confident about the future. I believe the outlook for the industry as a whole is now much more positive.”
Skanska named as capital delivery partner on Anglian Water’s £1.3 billion AMP6 framework
Last week Skanska was named as one of the capital delivery partners on Anglian Water’s £1.3 billion AMP6 framework. The contract will run for a proposed 15 years with a review after each AMP (Asset Management Plan) period, making it one of the longest collaborations in the industry.
The contract is expected to be worth £40 million a year to Skanska and builds on the collaborative working relationship established over the past 10 years, through the @oneAlliance.
Work will begin with a 12-month Early Contractor Involvement (ECI) phase, involving all capital delivery partners, in preparation for the start of AMP6 delivery. It initially covers the AMP6 period, from April 2015 to April 2020, with an option to extend for a further five or 10 years. If all the extension options are implemented, the partners will help Anglian Water to deliver what will exceed £3bn of investment over the next three AMP periods.
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