The UK construction business recorded operating profit of £19.9m in the first half of 2014 on revenue of £651.4m – an operating margin of 3.1%.

The firm booked £858.8m of orders in the first six months of the year including the £250m redevelopment of the Worthy Down, Hampshire and Deepcut Surrey barracks for the Ministry of Defence, and Creechurch Place, a new £95m commercial property development in the City of London.

Skanska UK President and CEO Mike Putnam said: “Our order bookings equate to a book to build ratio of 132 per cent.

“Any figure greater than 100 per cent is good as it means we are taking in more bookings than revenue.

“We are in the process of recruiting an additional 1,500 people to fill new roles as a result of this success.

“We’ve had a good first half of 2014. We have strong order bookings and a very healthy pipeline of projects. I am confident that 2014 will be another strong, stable year for Skanska UK.”

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