Interim report second quarter 2022

Highlights according to segment reporting

• Revenue amounted to SEK 44.8 billion (35.4); adjusted for currency effects revenue increased 18 percent.

• Operating income amounted to SEK 2.4 billion (2.3); adjusted for currency effects operating income decreased 2 percent. Operating income increased 16 percent adjusted for currency effects and excluding gains from the divestment of UK infrastructure services impacting Q2 2021.

• Earnings per share amounted to SEK 4.61 (4.68).

• Operating cash flow from operations amounted to SEK -0.5 billion (-2.4), according to IFRS.

• Adjusted interest-bearing net receivables(+)/net debt(-) totaled SEK 11.1 billion (March 31, 2022: 15.4), according to IFRS.

• Order bookings in Construction amounted to SEK 37.3 billion (49.8), in line with the five year quarterly average. Adjusted for currency effects order bookings quarter over quarter decreased 30 percent on a tough comparison quarter. Rolling 12-month book-to-build ratio was 95 percent.

• Operating income in Construction amounted to SEK 1.4 billion (1.5), representing an operating margin of 3.4 percent (4.7). Operating margin Q2 2021 excluding gains from the divestment of UK infrastructure services was 3.5 percent.

• Operating income in Project Development amounted to SEK 1.2 billion (1.0).

• Return on capital employed in Project Development was 10.9 percent (12.4).

• Return on equity was 17.7 percent (26.7).