Swedish builder Skanska said on Wednesday it was hopeful clients would reimburse it for cost increases in U.S. projects that hit its profits in the third quarter.
Skanska said last week it would book 630 million crowns ($74.1 million) in writedowns in the period for higher costs in projects in the United States, its single-biggest market, sending its shares down.
“Our number one priority in the U.S. Construction operations is to restore profitability,” Chief Executive Johan Karlstrom said on Wednesday. “We have and will continue to strengthen the organisation. We are pursuing and expecting reimbursement for the cost increases driven by client design changes.”
