Skanska Stock Price, News & Analysis

Skanska has secured an additional contract worth USD 153 million (approximately SEK 1.6 billion) with Columbia Memorial Hospital for a hospital expansion project in Astoria, Oregon, USA. This contract will be included in the US order bookings for Q4 2024. The project involves a four-story, 16,900 square meter expansion to the existing hospital, featuring an enlarged emergency department, improved operating rooms, and larger patient rooms.

Earlier in 2024, Skanska signed an initial contract for this project valued at USD 74 million, bringing the total contract value to USD 227 million (about SEK 2.4 billion). The expansion aims to enable Columbia Memorial Hospital to offer new services and cutting-edge medical technology. Construction began on September 6, 2024, with an expected completion date in November 2027.

Skanska has signed a USD 54 million (SEK 570 million) contract with Harris Health System to construct a new healthcare building in Houston, Texas. The project, which will be included in the US order bookings for Q3 2024, involves building a four-story facility to house the Harris Health Central Fill Pharmacy and associated departments. The new structure will also include flexible spaces on the first two levels for future expansion of clinical areas.

Construction is scheduled to begin in November 2024 and is expected to be completed by May 2026. This strategic project aims to enhance healthcare services and adapt to evolving needs in the future.

Skanska has received a supplemental award worth USD 80M (SEK 840M) to construct four additional data halls at an existing data center site in Georgia, USA. This award will be included in the US order bookings for the third quarter of 2024. The project is already underway and is scheduled for completion in the third quarter of 2025. This supplemental award comes from an existing client, expanding upon a previous data center project in Georgia.

Skanska has secured a USD 241 million (approximately SEK 2.5 billion) contract to construct a data center in Arizona, USA. This agreement, signed with an existing client, will be included in the US order bookings for the third quarter of 2024. The project involves building a single-story data center spanning about 22,800 square meters (245,000 square feet).

Construction has already begun, with completion scheduled for the third quarter of 2026. This significant project demonstrates Skanska's continued growth in the data center construction sector and strengthens its position in the US market.

Skanska (SKBSY) has secured a USD 164 million (SEK 1.7 billion) contract with Medpace to construct a new office building in Cincinnati, Ohio. The project, set to be included in Q3 2024 US order bookings, involves building a 52,200 square meter (562,000-SF) structure. The nine-story building will feature a six-story office tower atop a three-floor parking garage and conference center, located on Medpace's existing campus where Skanska has previously completed several projects. Construction began in February 2024 and is expected to be completed by March 2027. This development marks another significant project for Skanska in the US commercial real estate sector.

Skanska has secured a supplemental award worth USD 203 million (approximately SEK 2.1 billion) for a data center project in Georgia, USA. This award will be included in the US order bookings for Q3 2024. The project involves:

- Construction of a 244,090 square-foot data center
- Associated site work and underground utilities
- Fitout of an administration space and five data halls

Work is already in progress, with completion scheduled for Q1 2026. This supplemental award is with an existing client, indicating a continued business relationship. The project's scale and nature suggest Skanska's strong position in the data center construction market, potentially impacting its future revenue and market share in this sector.

Skanska has secured a USD 637 million contract to rehabilitate and modernize rail tunnels in the Northeastern United States. This project, valued at approximately SEK 6.7 billion, will be recorded in the company's US order bookings for Q2 2024. Work is set to begin in 2024 with an expected completion date in 2027. This venture underscores Skanska's strength in large-scale infrastructure projects and its commitment to advancing sustainable construction solutions.

Skanska has signed a USD 596 million (SEK 6.3 billion) contract with the New York State Department of Transportation to replace the Livingston Avenue Bridge in Albany, NY. The project, including a two-track vertical lift railroad bridge over the Hudson River, aims to enhance passenger and freight rail speed and safety. The scope also includes new railroad signals, electrical infrastructure, and improvements for pedestrians and cyclists. Work started in May 2024, with expected completion by March 2028. The contract will be part of Skanska's US order bookings for Q2 2024.

Skanska has secured an additional contract worth USD 49 million (approximately SEK 520 million) for the interior fit-out of two office buildings in Washington State, USA. The contract, signed with an existing client, will cover approximately 41,800 square meters (450,000 square feet) and will be included in Skanska's US order bookings for Q2 2024. The project is currently underway and is expected to be completed by Q3 2025.