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.
Skanska (SKBSY) is a global leader in construction and infrastructure development, delivering complex projects across commercial, healthcare, and public sectors. This news hub provides investors and industry professionals with centralized access to official updates and market-moving developments.
Track all essential announcements through verified sources, including quarterly earnings, major contract awards, and strategic leadership changes. Our curated feed ensures timely access to operational milestones, sustainability initiatives, and regulatory developments impacting Skanska's global operations.
Key updates cover project completions, partnership formations, and technological innovations in construction management. Content is organized to highlight financial performance indicators, safety achievements, and geographic expansion efforts without speculative commentary.
Bookmark this page for streamlined monitoring of Skanska's progress in sustainable building solutions and infrastructure modernization. Check regularly for impartial updates on the company's execution of high-profile projects and market positioning.
Skanska has appointed Clay Haden as the new Business Unit President for Skanska USA Building, succeeding Paul Hewins, effective June 1, 2024. Haden, with over 14 years of experience at Skanska, will oversee the overall performance of the business unit, focusing on strategy, safety, financial performance, and culture development. He will report directly to Skanska Group Executive Vice President Richard Kennedy. Haden's extensive background includes roles as General Counsel and Chief Administrative Officer, making him well-equipped to lead the company into the future.
Skanska and joint venture partner B. Bell Builders have secured a USD 48M contract to construct a new building at Rice University in Houston, Texas, USA. The project, worth about SEK 500M, includes classrooms, office spaces, meeting areas, and a large event space. Construction is set to begin in May 2024 and finish by February 2026.
Skanska has secured a USD 150M supplemental award to build a data center in Arizona, USA, totaling about SEK 1.6 billion. The project includes a single-story data center spanning 22,700 square meters, with completion expected in Q2 2025.
Skanska reported strong financial results for the first quarter of 2024, with revenue reaching SEK 36.4 billion and operating income at SEK 0.5 billion. Adjusted for currency effects, revenue increased by 5 percent. Earnings per share stood at SEK 1.28. Order bookings in Construction surged to SEK 46.9 billion, representing an 83 percent increase quarter on quarter. The company achieved a historic high order backlog, resulting in a promising outlook for future growth.
Skanska has secured a contract to build a data center in Georgia, USA, valued at USD 238M (SEK 2.5 billion). The project includes constructing a 22,700 square-meter data center, associated site work, and underground utilities. The work is set to commence in June 2024 and finish by May 2026.
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