Skanska raises its financial target for Construction to an operating margin of =4.0% [Yahoo! Finance]
SKANSKA AB S/ADR (SKBSY)
NASDAQ:AMEX Investor Relations:
group.skanska.com/investors
Company Research
Source: Yahoo! Finance
other financial targets ahead of today's Capital Markets Day in Seattle, USA. During the day Skanska will provide an update of its strategic priorities and the commercial direction for the respective business streams going forward. "Our financial targets represent ambitious levels for our business streams and for the Group. During the last five years we have improved earnings quality and predictability in our Construction business stream. We have the ambition to continue enhancing the performance and we are now raising the target for the margin. At the same time, we position us for controlled growth. For Project Development we prioritize restoring profitability before we grow the business streams. This is supportive to deliver on our Group targets and providing an attractive total shareholder return," says President and CEO Anders Danielsson. Group financial targets: Construction, Operating margin: =4.0% (previous: =3.5%) Project Development, Return on capital employed: =10% (
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