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Skanska results show £24.8m operating profit for construction division

Skanska UK’s construction business has reported an operating profit of £24.8m for the first nine months of 2015.

Revenue for the period stood at £1.03bn, with an operating margin of 2.4 per cent.

Skanska chief executive Mike Putnam said the company was “in a healthy and stable position”.

He added: “In a highly competitive marketplace we continue to deliver a steady operating margin that is at the higher end for the construction sector at this time.”

Skanska secured £1.29bn of orders in the nine months to September.

The contractor was recently awarded a £32m contract with Gloucestershire County Council to upgrade 55,000 streetlights across the county.

It also recently won three AMP6 contracts for Thames Water, Welsh Water and Anglian Water, worth a total of around £454m over five years.

Mr Putnam said: “’A book-to-build’ ratio of 126 per cent shows we have a robust pipeline of work.

“We remain in a challenging contracting environment, but I believe we are on track for a solid 2015 and a firm foundation for profitable and sustainable growth in 2016.”

Skanska has recruited 100 graduates and 75 apprentices as part of its 2015 intake, as well as new trainees.

Mr Putnam said this demonstrated a “clear commitment to provide opportunities for the next generation”.

“It will also equip Skanska with the right people and the right skills in the future to deliver best quality, best value projects for our customers,” he said.

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