Skanska Stock Price, News & Analysis

Skanska AB will release its Interim Report for Q1 2023 on May 4, 2023, at 07:30 am CET. The report will be presented by Anders Danielsson, President and CEO, and Magnus Persson, CFO, during a press and telephone conference at Skanska's headquarters in Stockholm at 10:00 am CET. Interested parties can join the conference via telephone or watch it live on the Skanska investors website. Individual meetings with the CEO will be available after the conference, requiring prior appointment by May 2. For further inquiries, contact Antonia Junelind or Karolina Cederhage, Senior Vice Presidents. This report is crucial for stakeholders to assess the company's financial performance.

Skanska has secured supplemental awards valued at USD 67M (approximately SEK 700M) to enhance infrastructure for a manufacturing facility in the western United States. These awards will contribute to the US order bookings for the first quarter of 2023. The construction work is currently in progress and expected to be completed by April 2024.

This development underscores Skanska's ongoing relationship with its client and reflects the firm's capability in handling significant infrastructure projects.

Skanska has secured a contract worth USD 60 million (approximately SEK 630 million) with BHP Copper Inc. for the Solitude buttress main civil works project at the Solitude Closure Tailings site in Globe, Arizona. This contract will be included in the US order bookings for Q1 2023.

The project aims to enhance the stabilization of a historic tailings embankment and mitigate potential risks of dam slope failures, aligning with international safety standards set by key regulatory bodies.

Construction is set to begin in April 2023 and is expected to be completed by March 2025.

Skanska has secured a contract valued at USD 171M (approximately SEK 1.8 billion) to construct a new data center in Atlanta, Georgia. This project, which encompasses about 23,000 square meters, is part of Skanska's US order bookings for Q1 2023. Construction is actively underway and is expected to be completed by March 2024. The project highlights Skanska's ongoing partnership with existing clients in the sector.

Skanska has amended its contract with Oregon Health & Science University for the Hospital Expansion Project in Portland, Oregon. The amendment, valued at USD 111 million (approximately SEK 1.2 billion), will be included in the Q1 2023 US order bookings. The project entails constructing a 14-story hospital expansion, featuring patient floors, parking, mechanical spaces, and three pedestrian sky bridges. Construction began in 2022 and is expected to be completed by 2026.

Skanska has secured a USD 79.5M contract to build a science center for the College of William and Mary in Williamsburg, Virginia. The project involves a 38,000 square meter facility to support STEM education and research, alongside a renovation of an existing 3,000 square meter center. Construction is set to commence in February 2023 and aims for completion by July 2025. This contract will contribute to Skanska’s US order bookings for the first quarter of 2023, valued at approximately SEK 830M.