Skanska AB (publ) (SKA_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the presentation of Skanska's second quarter report for 2026. I'm Antoni Ljunglind, Senior Vice President for Skanska's Investor Relations. And here with me to present the second quarter report is our CEO and President Anders Danielsson and Group EVP and CFO Pontus Winqvist. So shortly they will take you through a business and performance update, look at the market outlook for the coming 12 months and provide an update on our financial position. And after that initial presentation, we will open up for questions. So if you have a question, please use the telephone conference provided in the invite, telephone conference number that we have provided and then just follow the instructions by the operator and we will get back to you and answer your questions in a little while. But now I will hand over to you Anders to start the presentation. Thank you, Antonia. Before I start, I want you to look at the picture. You can see the Portrait Bay Bridge in Seattle, where we are replacing the existing Portrait Bay Bridge to meet higher standards when it comes to seismic resiliency standards. And we see a robust demand and good pipeline of projects for traditional infrastructure. And this is a good example of that and our capabilities and market position in the US. If I look at the second quarter, it's a solid performance. Construction, very strong operating margin and a record quarter when it comes to order intake. Residential development, strong results in Central Europe, but Nordics are impacted by low volumes, provisions and restructuring costs. Commercial property development, two project investments, and we also have U.S. asset impairment charges in the quarter. Investment properties delivered stable results, and we also divested the PPP ass...