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Swedish builder Skanska reported on Thursday a decline in third-quarter order intake and confirmed a fall in operating earnings that matched a profit warning issued last month.
Order intake at the Construction division, which books the bulk of group sales, was 30.6 billion Swedish crowns ($3.40 billion) against a year-earlier 34.1 billion.
Skanska on Oct. 19 revealed a new writedown in its troubled U.S. operations which hit third-quarter earnings, sending its shares down.
Skanska, whose single-biggest market is the United States where it is one of the major players, has made several writedowns in the past few years in the country and in Poland.
Chief Executive Anders Danielsson told CNBC on Thursday that the U.S. wasn't a worry, however.
"I would say the opportunities for infrastructure investment are very large in the U.S. The underlying need for investing in infrastructure is huge and most of those decisions are taken at the more local level so we see a good pipeline going forward," he told CNBC's Squawk Box Europe.