Skanska said it had benefitted from stronger project performance across long-term FM contracts and key infrastructure schemes like HS2, backed by tighter commercial controls, improved collaboration, and digital delivery tools rolled out across the business.<\/p>\n
Headcount at the business was down 6% to 3,240.<\/p>\n
Skanska ended the year with \u00a3472m in cash, up nearly a fifth on the previous year and generating interest income of \u00a326m on cash balances.<\/p>\n
The results were also boosted by a one-off accounting adjustment relating to a previously overestimated cost on a legacy project in 2023.<\/p>\n
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<\/a><\/div>\n<\/div>\nIn 2024, the business booked \u00a3958m in new orders, helping maintain a strong forward workload heading into 2025.<\/p>\n
\u201cDespite wider economic and geopolitical uncertainty, we remain in a strong position,\u201d the company said. \u201cWe continue to work proactively with both our customers and supply chain to monitor and mitigate headwinds in commodity and energy costs to protect our financial performance in the short, medium, and long term.\u201d<\/p>\n
Major wins for the building arm in London included \u00a3197m contract for South Molton in Mayfair to deliver 24,800 sq m of new office and retail space. It also picked up a \u00a3105m job at 7 Millbank, Westminster, involving complex heritage fa\u00e7ade restoration and high-end workspace fit-out<\/p>\n
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