Skanska Stock Price, News & Analysis

Skanska (OTC:SKBSY) has secured a GBP 153 million (SEK 2.0 billion) contract with National Highways to upgrade the A47 Thickthorn junction in East Anglia, UK. The project will be included in Europe's Q3 2025 order bookings.

The infrastructure upgrade includes construction of a 1.6-kilometer single-lane free-flow link road connecting A11 northbound to A47 eastbound, featuring two new underpasses. Additional components include a 1-kilometer local link road, a new road bridge, two junctions, widening of an existing link road, and a new footbridge.

The project aims to reduce congestion and increase capacity near Norwich, supporting local development and improving access to Norfolk and Norwich University Hospital. Construction has begun with completion expected in 2028/29.

Skanska (OTC:SKBSY) has announced the upcoming presentation of its Q2 2025 interim report scheduled for July 18, 2025. The report will be released at 07:30 am CEST, followed by a telephone conference at 10:00 am CEST.

The presentation will be led by Anders Danielsson, President and CEO, and Jonas Rickberg, CFO. Investors can access the live webcast at www.group.skanska.com/investors, with opportunities for individual meetings with management available upon request.

Skanska (OTC:SKBSY) has secured an additional USD 250 million contract with the Massachusetts Port Authority for improvements at Boston's Logan Airport Terminal E. The project includes constructing a new 67,400 square meter parking garage with approximately 4,000 parking spaces.

The comprehensive development encompasses vehicular bridge connections to the existing central parking complex, a new pedestrian bridge linking to terminals, and modifications to arrival and departure roadways. The project will feature sustainable elements including solar PV panels and aims for Parksmart certification. Construction will begin in Q2 2025 with completion expected in 2030.

Skanska (SKBSY) has secured a USD 60 million (SEK 620M) contract amendment with the University of North Carolina at Greensboro for renovating the Walter Clinton Jackson Library. The project encompasses a comprehensive renovation of approximately 21,700 square meters, including both the original 1950s 4-story library and a 1970s 9-story tower addition. The renovation aims to modernize the facility by incorporating high-technology group study areas, central gathering spaces, and increased individual student capacity. Construction commenced in May 2025 and is scheduled for completion in late 2027. The contract value will be recorded in Skanska's US order bookings for Q2 2025.

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.