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 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.
Skanska will release its Interim Report for Q3 2022 on October 26 at 07:30 am CET.
President and CEO Anders Danielsson and CFO Magnus Persson will present the report during a press and telephone conference at 10:00 am CET, held at Skanska's Stockholm office. The conference will also be available via live webcast. Interested participants can join the teleconference using the provided phone numbers and may request individual meetings afterward. For additional information, contact the company's Investor Relations or Communications departments.
Skanska has secured a USD 150M contract with the New York City Department of Transportation to reconstruct the Williamsburg Bridge. The project, valued at approximately SEK 1.5B, will contribute to the US order bookings for Q3 2022. The extensive work includes repairs on various structural components of the bridge, with construction set to commence in October 2022 and expected completion by December 2025.
Skanska and Railroad Construction Company have secured a USD 150M contract with the Metropolitan Transportation Authority for subway station improvements in New York City. This contract will be reflected in the US order bookings for Q3 2022. The project includes upgrades to the Flushing Line, specifically at the 61st Street-Woodside and 74th Street Broadway stations, alongside additional repairs in Queens. Work commenced in September 2022 and is expected to conclude by May 2025.
Skanska has secured a USD 78M (approx. SEK 770M) contract with the Wake County Public School System to construct a new middle school in Fuquay-Varina, North Carolina. This project marks the final phase of a multi-phase contract, covering the construction of a 74,000 square meter school with various facilities including gymnasiums and classrooms. Construction commenced in May 2022 and is set for completion in 2024, contributing to Skanska's US order bookings for Q3 2022.
Skanska announced a contract amendment with Oregon Health & Science University for its Hospital Expansion Project in Portland, Oregon, valued at USD 63M (approximately SEK 620M). This amendment will contribute to the US order bookings for Q3 2022. The contract involves early site and foundation work along with long lead equipment procurement. Construction is ongoing, with completion expected by June 2023. The overall project commenced in April 2022 and aims for substantial completion by 2026.
Skanska has entered into an agreement with the Kronoberg Region to initiate phase one of construction on Växjö's new emergency hospital, valued at approximately SEK 1.2 billion. This amount will be reflected in the company's order bookings for Sweden in Q3 2022. The project includes around 135,000 square meters of construction, divided into three phases. Work on phase one begins in August 2022, aiming to progress to phase two by autumn 2023, with expected completion by 2029. Skanska's prior involvement in a feasibility study offers valuable insights for this project.
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