Welcome to our dedicated page for Skanska news (Ticker: SKBSY), a resource for investors and traders seeking the latest updates and insights on Skanska stock.
The SKANSKA AB S/ADR (SKBSY) news page on Stock Titan aggregates company announcements and media releases related to Skanska’s construction and development activities. Recent news highlights contracts, divestments and investor events that illustrate how the company operates within the Commercial and Institutional Building Construction industry and the wider Construction sector.
News items cover a broad range of project types and geographies. Examples include upgrades to the A47 Thickthorn road junction in the United Kingdom, construction of the I/12 Běchovice–Úvaly bypass near Prague in Czechia, and an additional contract for a new Terminal E parking garage and associated structures at Logan Airport in Boston, USA. Other releases describe renovation of the Walter Clinton Jackson Library in Greensboro, North Carolina, work on the Paul and Diane Manning Institute of Biotechnology in Charlottesville, Virginia, and groundworks for the Beccs Stockholm biogenic carbon dioxide capture facility in Sweden.
In addition to project-related news, the feed includes information on property divestments, such as the sale of the first phase of the Equilibrium office complex in Bucharest, Romania, and invitations to presentations of Skanska’s interim reports and Capital Markets Day. These items signal when management will discuss financial performance, order bookings and strategic topics.
By following SKBSY news, readers can see how Skanska’s order pipeline evolves across roads, airports, educational and research facilities, energy-related infrastructure and commercial properties. Investors, analysts and other interested users can revisit this page to review new contract announcements, project milestones, divestments and scheduled investor relations events as they are reported in Skanska’s official releases.
Skanska is investing EUR 69M (approximately SEK 700M) in the first phase of the Studio office complex in Warsaw, Poland. The complex will comprise two buildings, with the first offering 17,600 square meters of leasable area across 14 stories. Total leasable area for the project is projected at 43,000 square meters. Construction begins in September 2021 and aims for completion in Q3 2023. The project emphasizes sustainability and is expected to achieve multiple certifications for quality and safety.
Skanska has divested its remaining 10% stake in the Bank of America Tower in Houston, Texas, for approximately USD 24M (SEK 200M). This transaction will be recorded in Q3 2021. Previously, Skanska sold its majority interest in the tower in 2019. The tower, completed in 2019, is notable for being the first v4 Platinum certified project in the U.S. Since 2009, Skanska has invested USD 2.8 billion in sustainable projects in the U.S.
Skanska has secured a USD 248M contract to enhance a corporate campus in Long Island, New York. The project, worth approximately SEK 2.1 billion, is set to bolster US order bookings for Q2 2021. Construction commenced in June 2021 and is expected to finish by February 2026. In 2020, Skanska USA reported sales of SEK 66 billion with around 7,600 employees in operations.
Skanska has secured a USD 448M contract from the New York City Economic Development Corporation to build a municipal health lab in Harlem, New York. This project will involve a ten-story facility covering 21,800 square meters, featuring laboratories, offices, and clinical spaces. Construction is set to commence in early summer 2022 and is expected to be completed by the second quarter of 2026. This contract will boost Skanska’s US order bookings for the second quarter of 2021.
Skanska has secured a NOK 3.4 billion contract from Oslo Municipality to build a 19-kilometer raw water tunnel linking Hole municipality to a new water treatment plant in Oslo. The construction is part of a larger project to enhance the city's water supply resilience. Work is set to commence in August 2021 and conclude by 2027. This contract will be included in the Nordic order bookings for Q2 2021. Skanska reported SEK 66 billion in sales with approximately 14,800 employees in the Nordics during 2020.
Skanska has secured a USD 105M (approximately SEK 880M) contract with Tarrant County College District to construct two new educational buildings in Fort Worth, Texas.
This project, encompassing around 20,900 square meters, will feature labs, classrooms, and offices, along with extensive landscaping. Construction is set to begin in July 2021 and is expected to complete by the second quarter of 2023. Skanska’s US order bookings will reflect this contract in the second quarter of 2021.
Skanska has secured a USD 110M contract with FedEx Ground to build a new distribution facility in Maspeth, New York. The project, set to be completed by September 2023, involves demolishing three buildings and constructing a 28,000 square meter facility with office space and 45 loading bays. This contract will contribute to Skanska's US order bookings in the second quarter of 2021. Skanska USA had reported SEK 66 billion in sales last year, employing approximately 7,600 personnel.
Skanska has announced a significant investment of USD 225M (approx. SEK 1.9 billion) in its Houston office project, 1550 on the Green. The construction contract valued at USD 125M will be included in the Q2 2021 US order bookings. The office tower, featuring 28 floors and 34,800 square meters, aims for LEED and WiredScore Platinum certifications. Construction is set to commence in June 2021 and complete by 2024. This investment is part of Skanska's broader strategy, which has totaled USD 2.8 billion since 2009 in U.S. projects.
Skanska, in partnership with Hoffman Construction Company, has secured an USD 84M contract amendment for the Portland International Airport expansion project. This amendment will be included in Q2 2021 U.S. order bookings. The project focuses on the Terminal Core Expansion, involving structural, mechanical, and electrical work, with substantial completion expected by 2025. Skanska reported SEK 66 billion in sales in 2020 and has approximately 7,600 employees.
Skanska has joined the Leadership Group for Industry Transition (LeadIT), an initiative aimed at achieving the Paris Agreement. This group includes various countries and leading companies focused on climate action. Skanska aims for net zero carbon emissions by 2045, having already reduced its carbon footprint by 40% since 2015. The company emphasizes collaboration to innovate and reduce emissions in the construction sector, which is responsible for 40% of global energy-related carbon emissions. Their climate goals are being verified by the Science Based Target initiative.
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