Skanska UK construction restates 2022 profit down £30m

Skanska’s UK construction business saw operating profit slump to £6.3m last year on turnover that remained stable at £1.3bn.
The firm also restated its previous financial performance in 2022, originally reported as a £55m pre-tax profit. This has now been cut by £30m to £24m in 2022.
Skanska said the adjustment was required after the estimated costs to complete several contracts had to be revised.
Operating margins were squeezed to 0.5% in 2023, down from the