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Skanska to recruit 1,000 people to deliver new projects

Skanska has announced it will be taking on 1,000 people to deliver new projects following a strong start to 2015.

The revenue from Skanska UK’s construction business in the first six months of 2015 was £675m.

The company’s operating margin was lower however, when compared with the same period in 2014.

Operating income for the first half of 2015 was £16.1m (2014 - £19.9m), which equates to an operating margin of 2.4% (2014 – 301%).

The first six months of 2015 saw the sale of 66 Queen Square in Bristol to Aviva Investors for £32.7m, the acquisition of the long-leasehold interest of 51 Moorgate in the City of London from Corpus Sireo, and The Monument Building in London – which is under construction – has generated interest from agents and investors.

Highways England has also appointed Skanska, in a joint venture with Costain, to improve part of the A14 between Huntingdon and Cambridge in a contract worth around £600m. The agreement is expected to be signed in 2016.

A number of contracts were won or extended in the second quarter of 2015. These include a new research facility, ESS Lund, near Malmö in Sweden, which is being built as part of a joint venture with Skanska Sweden. This contract is worth £25.4m to Skanska UK.

Skanska UK president and CEO Mike Putnam said: “Our order booking and pipeline of future work remains strong. We are also preferred bidder for a large number of projects.

“Following the recruitment of 750 people in 2014, we are taking on a further 1,000 people to deliver new projects. The outlook for 2015 as a whole is positive.”

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