Swedish construction company Skanska is positive on the development of its key U.S. market this year and next year despite worries of an economic slow down, Chief Executive Claes Bjork said recently.

Earlier, Skanska released full year results showing a profit after financial items of 8.5 billion crowns against market expectations of 8.8 billion and sales of 108 billion against a consensus of 102 billion.

Skanska also said its order book grew 31 percent last year to 127 billion crowns and its order backlog jumped 72 percen to 160 billion, impressing investors.

After an initial one percent dip, the company’s share price rebounded to trade 0.3 percent higher at 397 crowns.