Skanska's FM deals contribute to revenue rises

22 July 2016 | Jamie Harris

Construction firm Skanska UK has reported a 24 per cent increase in revenue for the first half of 2016, compared with the same period last year.

Skanska UK’s revenues of £836 million was partly down to the extension of its facilities management contract at Barts Health NHS Trust, where it is to continue its provision of waste management services until 2021.

The waste management service was awarded with the BIFM New Product or Service of the Year in 2015. The award was given for its improved control of waste disposal methods, cost reduction and an increased internal waste segregation.

The firm also landed highways maintenance contracts in North Somerset, Hampshire, and West Sussex.

Skanska UK also reported a number of construction contract wins that attributed to the latest figures, including work with the National Grid and Network Rail.

Mike Putnam, Skanska UK president and CEO, said: “Despite a tough contracting environment and with an uncertain future caused by the EU referendum, we have a strong order book and pipeline of work.

“The financial crisis and recession showed that Skanska has a well-honed capability to manage through external change. We will continue to take a measured and calm leadership approach to our business as the picture following Britain’s decision to leave the EU becomes clearer.”

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