SKANSKA AB S/ADR - SKBSY STOCK NEWS

Skanska has secured a NOK 3.4 billion contract from Oslo Municipality to build a 19-kilometer raw water tunnel linking Hole municipality to a new water treatment plant in Oslo. The construction is part of a larger project to enhance the city's water supply resilience. Work is set to commence in August 2021 and conclude by 2027. This contract will be included in the Nordic order bookings for Q2 2021. Skanska reported SEK 66 billion in sales with approximately 14,800 employees in the Nordics during 2020.

Skanska has secured a USD 105M (approximately SEK 880M) contract with Tarrant County College District to construct two new educational buildings in Fort Worth, Texas.

This project, encompassing around 20,900 square meters, will feature labs, classrooms, and offices, along with extensive landscaping. Construction is set to begin in July 2021 and is expected to complete by the second quarter of 2023. Skanska’s US order bookings will reflect this contract in the second quarter of 2021.

Skanska has secured a USD 110M contract with FedEx Ground to build a new distribution facility in Maspeth, New York. The project, set to be completed by September 2023, involves demolishing three buildings and constructing a 28,000 square meter facility with office space and 45 loading bays. This contract will contribute to Skanska's US order bookings in the second quarter of 2021. Skanska USA had reported SEK 66 billion in sales last year, employing approximately 7,600 personnel.

Skanska has announced a significant investment of USD 225M (approx. SEK 1.9 billion) in its Houston office project, 1550 on the Green. The construction contract valued at USD 125M will be included in the Q2 2021 US order bookings. The office tower, featuring 28 floors and 34,800 square meters, aims for LEED and WiredScore Platinum certifications. Construction is set to commence in June 2021 and complete by 2024. This investment is part of Skanska's broader strategy, which has totaled USD 2.8 billion since 2009 in U.S. projects.

Skanska, in partnership with Hoffman Construction Company, has secured an USD 84M contract amendment for the Portland International Airport expansion project. This amendment will be included in Q2 2021 U.S. order bookings. The project focuses on the Terminal Core Expansion, involving structural, mechanical, and electrical work, with substantial completion expected by 2025. Skanska reported SEK 66 billion in sales in 2020 and has approximately 7,600 employees.

Skanska has joined the Leadership Group for Industry Transition (LeadIT), an initiative aimed at achieving the Paris Agreement. This group includes various countries and leading companies focused on climate action. Skanska aims for net zero carbon emissions by 2045, having already reduced its carbon footprint by 40% since 2015. The company emphasizes collaboration to innovate and reduce emissions in the construction sector, which is responsible for 40% of global energy-related carbon emissions. Their climate goals are being verified by the Science Based Target initiative.

Skanska AB reported a 10% decrease in revenue for 2020, totaling SEK 158.6 billion. However, operating income surged by 52% to SEK 11.9 billion, driven by divestment activities. Earnings per share rose 45% to SEK 22.46, while the Board proposed a dividend of SEK 9.50 per share. Operating cash flow improved to SEK 14.5 billion. Order bookings reached SEK 149.8 billion, with a backlog of SEK 178.9 billion.

Skanska has secured a contract with University of Virginia for the renovation and expansion of the Alderman library in Charlottesville, Virginia. Valued at USD 112 million (approximately SEK 990 million), this contract will be included in the US order bookings for Q4 2020. The project involves demolishing a 1967 addition and constructing a new six-story concrete framed addition while renovating the existing library to enhance infrastructure and usability. Construction commenced in January 2020 and is expected to be completed by December 2022.

Skanska has secured a contract valued at USD 91 million (approx. SEK 810 million) to design and construct an expansion of an aluminum processing facility in the Southeastern USA. The project includes an 8,000-square-meter addition and remodels of 1,900 square meters of existing space. Construction is set to commence in Q2 2021 with completion aimed for 2023. This facility will incorporate green technology, positioning it as one of the most advanced aluminum processing plants globally.