Skanska Stock Price, News & Analysis

Skanska (SKBSY) has secured a contract worth CZK 3.8 billion (SEK 1.7 billion) from the National Highway Authority of the Czech Republic to construct the bypass I/12 near Prague. The project, named "I/12 Běchovice-Úvaly," involves building a 12.6-kilometer four-lane road featuring 23 bridges and six multi-level crossings.

The construction will begin in July 2025 with completion scheduled for the end of 2027. This bypass aims to improve traffic flow and safety by redirecting transit traffic away from populated areas in eastern Prague, thereby reducing environmental impact and resident disruption. The contract value will be included in Skanska's European order bookings for Q2 2025.

Skanska (SKBSY) has secured an additional contract worth USD 66 million (SEK 690M) with the University of Virginia for the Paul and Diane Manning Institute of Biotechnology construction project. The five-story, 354,000-square-foot state-of-the-art facility will be located at Fontaine Research Park in Charlottesville, Virginia.

The facility will feature modular laboratory space, expanded research facilities, and core facilities, accommodating 100-150 researchers and biotechnology companies. Construction commenced in December 2023, with completion expected in Q4 2027. The contract value will be included in US order bookings for Q2 2025.

Skanska has announced the upcoming release of its first quarter 2025 interim report on Wednesday, May 7, at 07:30 am CEST. The company will host a presentation featuring President and CEO Anders Danielsson and CFO Jonas Rickberg through a webcast and audio conference at 10:00 am CEST.

The event will be held at Skanska's headquarters in Stockholm and streamed live on their investor relations website. Participants can join via an HD Audio web link for optimal audio quality or use provided backup telephone numbers for international access.

Following the main presentation, individual meetings with CFO Jonas Rickberg will be available upon request through Annika Winlund by May 5. The company has provided multiple contact points for media and investor relations inquiries, including dedicated phone lines for Senior Vice Presidents of Investor Relations and Communications.

Skanska has announced the divestment of the first phase of its Equilibrium office complex in Bucharest, Romania, to Gordiusz Private Equity Fund for EUR 52M (SEK 570M). The transaction will be recorded in Q2 2025, with property transfer scheduled for the same quarter.

The divested building, completed in 2019, offers 21,000 square meters of leasable area and is fully leased to tenants from various industries including pharma, agriculture, law, communication, construction, and retail. The property features 3,500 square meters of green space and holds a LEED Platinum certification.

Located in the Floreasca-Barbu Vacarescu area (New CBD) of Bucharest, the complex includes a second phase building delivered in December 2022 with 20,000 square meters, which is not part of this transaction.

Skanska (SKBSY) has secured a contract worth SEK 990M with Stockholm Exergi for groundwork construction of the Beccs Stockholm facility, one of the world's largest biogenic carbon dioxide capture and storage facilities. The project will be included in Skanska Sweden's Q2 2025 order bookings.

The Phase 2 contract encompasses foundation, ground, and concrete work for the Beccs building and a new quay facility. The facility, to be built in Energihamnen in Värtan, will capture and store approximately 800,000 tons of CO2 annually from flue gases generated by Stockholm Exergi's Värtaverket biomass power plant.

Construction begins immediately with completion planned for 2028. The project is supported by EU's innovation fund, state aid, and private purchases of negative emission certificates, contributing to Stockholm's goal of becoming climate-positive by 2030.

Skanska has announced a significant investment of approximately SEK 1 billion in the first phase of the Solna Link office complex at Solna Station, Arenastaden, Sweden. The construction contract, valued at SEK 480M, will be included in Q1 2025 order bookings.

The initial phase features a nine-storey office building with 16,000 square meters of leasable area. The complete Solna Link project will span 36,000 square meters and include amenities such as a gym, conference rooms, lounge, restaurant, café, and bicycle service.

The development aims to achieve LEED Platinum certification and is pre-certified for NollCo2 and WELL Gold standards. Construction will commence in March 2025, with completion scheduled for Q1 2027. The project benefits from excellent transportation connectivity and will be enhanced by a new subway line opening in 2028.

Skanska AB has announced its Annual General Meeting (AGM) scheduled for April 7, 2025 at 10:00 am CEST at Sergel Hub, Stockholm. Shareholders can participate either in person or through postal voting, with registration deadline set for April 1, 2025.

Key highlights include:

• A proposed dividend of SEK 8.00 per share with record date April 9, 2025
• Election of eight board members, including the re-election of Hans Biörck as Chair
• New proposed board member Martin Lindqvist, former CEO of SSAB AB
• Increased board member fees, with Chair to receive SEK 2,490,000
• Re-election of Ernst & Young AB as auditor
• Authorization for share buybacks related to employee share saving program Seop 6

Skanska (SKBSY) has secured a significant contract worth USD 450 million (SEK 4.9 billion) with the North Carolina Department of Transportation for rebuilding the Lindsay C. Warren Bridge in Columbia, North Carolina. The project will be included in US order bookings for Q1 2025.

The new fixed-span, high-rise bridge will be constructed north of the existing 4.5-kilometer bridge, featuring two travel lanes and breakdown lanes on each side. The design eliminates mechanical delays by allowing unimpeded flow of both marine and vehicular traffic. Construction is scheduled to begin in January 2025 with completion expected by April 2030.

Skanska has secured a USD 104 million (SEK 1.1 billion) contract to modernize the Milton S. Eisenhower Library at Johns Hopkins University in Maryland. The project involves renovating the 182,000-SF, six-story library built in 1964, including comprehensive interior modernization, new MEP systems, and the addition of a communicating stair and skylight to improve connectivity and lighting for below-grade levels. The renovation will also include window restoration and roofing improvements, targeting LEED® Gold certification and net-zero readiness.

Construction commenced in July 2024 with expected completion in October 2026. The contract value will be recorded in Skanska's US order bookings for Q4 2024.