Skanska AB reported record-high revenue of all kinds and improved construction margins for the first quarter of 2020. But trouble could be just ahead.
"The impact of COVID-19 pandemic is yet to be seen" and "currently it is very difficult to say how severe the impact will be and exactly how long it will last," said company CEO Anders Danielsson during its most recent briefing for investors on April 28. "It is crucial for us to both protect the people and company, to protect the strong balance sheet and the good liquidity."