Skanska Stock Price, News & Analysis

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.

Skanska has announced the divestment of its C.F. Møllers Have multi-family rental property in Copenhagen, Denmark, to Home.Earth Group Holding A/S for DKK 520M (SEK 800M). The transaction will be recorded in Q4 2024, with property transfer scheduled for January 31, 2025.

The property, located in Ørestad near the metro line, spans 12,000 square meters and features 156 fully-leased rental apartments and two commercial spaces. Completed in December 2023, the DGNB Gold-certified building includes amenities such as a shared courtyard, orangery, and private balconies or terraces. The development also includes an underground bicycle parking and a 30-year lease agreement with By & Havn for 125 public parking spaces.

Skanska has secured a USD 450M (SEK 4.7 billion) contract with Massachusetts Port Authority for significant improvements at Boston's Logan Airport. The project, part of Massport's NCEC Program, includes constructing a new 67,400 square meter Terminal E Parking Garage with 5,000 parking spaces. The development features vehicular and pedestrian bridge connections, roadway modifications, and sustainable elements including solar PV panels. Construction will commence in Q1 2025 with completion expected in 2028. The contract value will be recorded in US order bookings for Q4 2024.

Skanska has announced the divestment of its rental residential project Arkaden in Lund, Sweden, to LF Skåne Hyresfastigheter for approximately SEK 520M. The project comprises 139 rental apartments and a grocery store, with about 11,000 square meters of leasable space. The transaction will be recorded in Q4 2024, with ownership transfer scheduled for Q2 2027. The construction contract, valued at SEK 340M, will be included in Skanska Sweden's Q4 2024 order bookings.

Located in Råbylund, about three kilometers from Lund's city centre, the project will be 20% more energy efficient than standard requirements, achieving energy class B. Construction is set to begin in spring 2025 with completion planned for Q2 2027.

Skanska (SKBSY) has announced its upcoming Capital Markets Day, scheduled for November 18, 2025, to be held in Seattle, Washington state, USA. The event will welcome investors, analysts, and financial media representatives. Registration details and a comprehensive agenda will be made available closer to the event date on the company's investor relations website. The company has provided contact information for investor relations, communications, and media inquiries for those seeking additional information.

Skanska is investing SEK 530M in the Mandelblomman residential project in Täby Park, Stockholm. The project includes 156 apartments ranging from one to five rooms, 75 parking spaces, and two premises. The construction contract is valued at SEK 350M and will be included in Q4 2024 bookings. The building features sustainable elements including solar cells covering 55% of the roof, climate-improved concrete, and energy usage 15% below regulatory requirements. The project will be Nordic Ecolabel certified and includes innovative battery storage generating income for the condominium association. Construction begins December 2024 with completion expected between summer 2026 and April 2027.

Skanska reported strong Q3 2024 results with revenue reaching SEK 42.8 billion, a 9% increase adjusted for currency effects. Operating income rose significantly to SEK 1.3 billion, showing a 138% increase. Construction segment performed well with operating income of SEK 1.5 billion and a 3.6% margin. Order bookings surged 63% to SEK 50.8 billion with a book-to-build ratio of 124%. However, Project Development faced challenges with SEK -0.3 billion operating income and negative returns due to weak property markets. Operating cash flow improved substantially to SEK 6.2 billion, while earnings per share increased to SEK 2.28.