Skanska AB (publ) (SKA_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the presentation of Skanska's fourth quarter and year-end report. I'm Antoni Lundlind. I'm the Senior Vice President for Skanska's Investor Relations. And joining me on stage here in our studio today is our President and CEO, Anders Danielsson, and EVP and CFO, Pontus Winqvist. Shortly, they will take you through an update as of the last quarter, provide you with some further insights on the business operations, financial performance, and our market outlook. And after their initial presentation, we will open up for questions. And there is an opportunity for you to ask questions, either if you're joining us here in the room, or you can use the telephone conference number provided. And then the operator will put you through to us here in the studio. But more information on that will follow later. So with that brief introduction, let's take a look at the fourth quarter performance. Anders, please take it away. Thank you, Antonia. And good to see everyone here in the room and welcome to you on the web as well. Before we start the presentation, I wanted to look at the picture here on the slide to the right. We had a very successful divestment quarter when it comes to commercial property development. One of the deals was in Port 7, as you can see here on the slide, or in Prague, Czechia. That was three office buildings that were divested in one deal. If you look at the fourth quarter report, we had a very good construction margin in the quarter and also the full year. It is on all-time high levels, so very good performance by the whole organization. And I will come back to that. But all geographies, all units are performing on a very high level, so that's encouraging and good. Mixed performance in residential development. We continue to h...