Skanska revenues reach PLN 5.1 bln in Poland

Skanska's revenues in the Polish market amounted to PLN 5.1 billion and the company's operating profit stood at PLN 397 million, the company announced on Monday. Skanska was carrying out more than 1,300 investments and signed nearly 1,000 contracts, both with public and private entities in Poland in 2014. Skanska Property Poland finalized the construction of 74,000 sqm of office space last year, of which 76 percent was located outside Warsaw. The company signed lease agreements for 76,000 sqm, put on the market two office schemes and sold three office projects. Skanska also started two investments, Axis in Kraków and Maraton in Poznań. Skanska Residential Development Poland put on the market 500 units and terminated the sale of the first stage of Park Ostrobramska in Warsaw. At the end of 2014, the company had also sold 50 percent of the second stage of the investment. "In Q4 2014, we surpassed our sales targets by 50 percent," said Bartosz Kalinowski, Managing Director at Residential Development Poland. The Skanska Group operates in Poland through its subsidiaries: Skanska S.A., Skanska Property Poland, Skanska Residential Development Poland and Skanska Infrastructure Development.