Skanska AB (publ) (SKA_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the presentation of Skanska's first quarter report for 2025. I'm Antoni Gimdelind, I'm the senior vice president for investor relations here at Skanska and with me on stage here today I have our president and CEO Anders Danielsson and our CFO Jonas Rickberg. Shortly, they will take you through a presentation, walking through our first quarter performance, financial position, and the market outlook for the coming 12 months. And after their initial presentation, we will move over to questions. And if you are joining us online, then you can use the telephone conference number or the audio online call to join us here in the studio so that you can ask questions to us. But more instructions will follow later. So with that introduction, I will hand over to you Anders to start this presentation. Thank you, Antonia. And welcome, everybody. And before we start to jump into the figures, I want you to look at the picture here on the slide. It's from the project Slussen in the middle of Stockholm. Fantastic project that has been ongoing for many years now. But it's starting to get close to completion and it will be a fantastic meeting place for all the inhabitants in Stockholm. But it's also a resilient project preventing Stockholm from being flooded in the event of major rain. Summarize the first quarter on a group level. It's growing revenue and solid performance, solid margin within the construction stream. We have increased macroeconomic uncertainty for residential, given that we have reduced the sold apartments somewhat. In commercial property development, we have started two new projects and we haven't seen any divestment in the single quarter. Investment properties is continuing to produce stable profit and cash flow. Operating margin in ...