Swedish construction giant Skanska has announced it has raised its financial target for the operating margin of its construction arm to a minimum of 4%.
The group has not updated the financial targets for other areas of its business, such as project development, investment properties and pay-out ratios.
Anders Danielsson, Skanska president, said: “Our financial targets represent ambitious levels for our business streams and for the group.
“During the last five years we have improved earnings quality and predictability in our Construction business stream. We have the ambition to continue enhancing the performance and we are now raising the target for the margin.
“At the same time, we position us for controlled growth,” he added.
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