COVID-19 continues to hamper Skanska AB’s construction operations in the U.S. and Europe. The company’s construction operating income in the first quarter of 2021 rose to $86 million, on about $3.5 billion in revenue, compared to $61 million on about $3.7 billion in the same quarter of 2020.
The Stockholm-based company's profit margin rose to 2.5% for the quarter, up from 1.6% in 2020’s first quarter.