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 is set to release its Year-end report 2022 on February 3, 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 starting at 10:00 am CET at Skanska's headquarters in Stockholm. Investors can participate via telephone by calling specific numbers listed in the release. Individual meetings with executives will also be available upon request until February 1. For more details, visit Skanska's investor relations page.
Skanska has secured a contract worth USD 83.6M (approx. SEK 850M) with George Mason University to construct a new life sciences and engineering building in Fairfax, Virginia. This project, which will contribute to the US order bookings for Q4 2022, involves a facility of around 40,000 square meters featuring specialized labs and classrooms. Construction commenced in December 2022 and is expected to be completed by 2025, serving multiple colleges at the university.
Skanska has secured a USD 480M contract from the Metropolitan Transportation Authority to construct the new Jamaica Bus Depot in Queens, New York. This project, included in the US order bookings for Q4 2022, will feature a LEED certified facility designed for a fully electric bus fleet. It comprises 272 parking spaces, multiple washing stations, and a new three-story administrative building. Work is set to begin in January 2023 and is expected to be completed by December 2026.
Skanska has secured a contract to renovate a healthcare facility in New York, New York, valued at USD 60M (approximately SEK 610M). This contract will contribute to the US order bookings for Q4 2022. The renovation, which includes early enabling work, new common spaces, offices, laboratories, and MEP upgrades, is currently underway and is expected to be completed by October 2025.
Skanska has secured a USD 95 million contract with CHRISTUS Health for an expansion project at Christus Santa Rosa Hospital-Westover Hills in San Antonio, Texas. This contract will contribute to the US order bookings for the fourth quarter of 2022. The project entails a 50,000 square meter five-level concrete tower addition and minor renovations, to be executed in three phases. Construction is expected to commence in January 2023 and conclude by February 2025.
Skanska has secured a USD 120M contract with Riverside County Transportation Commission to enhance the State Route 71/91 Interchange in Corona, California. This project, set to commence in January 2023 and finish by January 2025, aims to improve safety and traffic flow, while reducing greenhouse gas emissions. The contract will contribute to Skanska's US order bookings for Q4 2022.
Skanska has signed a SEK 1.2 billion agreement with Akademiska Hus to develop new premises for the Faculty of Arts at the University of Gothenburg. The project includes the construction of two new buildings totaling 35,000 square meters, alongside renovations of the existing Artisten building over 11,000 square meters. Construction will commence in January 2023, with completion expected in stages from 2025 to 2027. The initiative aims for high sustainability standards, seeking certifications of Miljöbyggnad, gold for new builds and silver for the renovations.
Skanska has secured a contract valued at approximately NOK 5 billion (around SEK 5.2 billion) with the Norwegian Road Authority for the construction of a subsea tunnel in Rogaland County, Norway. This project, part of the E39 Rogfast initiative, will include building the northern section of the Boknafjord tunnel, making it the longest and deepest subsea road tunnel globally, reaching depths of 392 meters. Construction is slated to commence in Q1 2023 and is expected to conclude by Q3 2029, contributing to the Nordic order bookings for Q4 2022.
Skanska has secured a USD 63M contract for the renovation and expansion of an office facility in Pennsylvania, USA. This contract will be included in the company's US order bookings for Q4 2022. The construction work is currently underway and scheduled for completion by May 2024. This project highlights Skanska's ongoing commitment to expanding its footprint in the US market.
Skanska announced a USD 296M investment in the Kaye multi-family development project in Seattle, WA. This project will involve the development of a 31-story, 324-unit Class A apartment building featuring underground parking and retail space. The construction contract is valued at USD 190M and will contribute to the US order bookings for Q4 2022. Construction is set to begin in December 2022, with completion expected in Q2 2025. The project aims for LEED Gold, Fitwel, and WiredScore certifications.
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