SKANSKA AB S/ADR - SKBSY STOCK NEWS

Skanska has secured a USD 241 million (approximately SEK 2.5 billion) contract to construct a data center in Arizona, USA. This agreement, signed with an existing client, will be included in the US order bookings for the third quarter of 2024. The project involves building a single-story data center spanning about 22,800 square meters (245,000 square feet).

Construction has already begun, with completion scheduled for the third quarter of 2026. This significant project demonstrates Skanska's continued growth in the data center construction sector and strengthens its position in the US market.

Skanska (SKBSY) has secured a USD 164 million (SEK 1.7 billion) contract with Medpace to construct a new office building in Cincinnati, Ohio. The project, set to be included in Q3 2024 US order bookings, involves building a 52,200 square meter (562,000-SF) structure. The nine-story building will feature a six-story office tower atop a three-floor parking garage and conference center, located on Medpace's existing campus where Skanska has previously completed several projects. Construction began in February 2024 and is expected to be completed by March 2027. This development marks another significant project for Skanska in the US commercial real estate sector.

Skanska has secured a supplemental award worth USD 203 million (approximately SEK 2.1 billion) for a data center project in Georgia, USA. This award will be included in the US order bookings for Q3 2024. The project involves:

- Construction of a 244,090 square-foot data center
- Associated site work and underground utilities
- Fitout of an administration space and five data halls

Work is already in progress, with completion scheduled for Q1 2026. This supplemental award is with an existing client, indicating a continued business relationship. The project's scale and nature suggest Skanska's strong position in the data center construction market, potentially impacting its future revenue and market share in this sector.

Skanska has secured a USD 637 million contract to rehabilitate and modernize rail tunnels in the Northeastern United States. This project, valued at approximately SEK 6.7 billion, will be recorded in the company's US order bookings for Q2 2024. Work is set to begin in 2024 with an expected completion date in 2027. This venture underscores Skanska's strength in large-scale infrastructure projects and its commitment to advancing sustainable construction solutions.

Skanska has signed a USD 596 million (SEK 6.3 billion) contract with the New York State Department of Transportation to replace the Livingston Avenue Bridge in Albany, NY. The project, including a two-track vertical lift railroad bridge over the Hudson River, aims to enhance passenger and freight rail speed and safety. The scope also includes new railroad signals, electrical infrastructure, and improvements for pedestrians and cyclists. Work started in May 2024, with expected completion by March 2028. The contract will be part of Skanska's US order bookings for Q2 2024.

Skanska has secured an additional contract worth USD 49 million (approximately SEK 520 million) for the interior fit-out of two office buildings in Washington State, USA. The contract, signed with an existing client, will cover approximately 41,800 square meters (450,000 square feet) and will be included in Skanska's US order bookings for Q2 2024. The project is currently underway and is expected to be completed by Q3 2025.

Skanska has secured a contract with a healthcare client in the Northwestern United States valued at USD 75 million (approximately SEK 790 million). The contract will be recorded in the US order bookings for the second quarter of 2024.

Work on the project has already commenced and is slated for completion by the fourth quarter of 2025.

Contact information: Daniela Arellano, Communications Director, Skanska Building USA, tel +213-317-4977 and Olof Rundgren, Media Relations Manager, Skanska USA, tel +46 10 448 67 94.

Skanska has secured a USD 155 million (approximately SEK 1.6 billion) contract with an existing client to construct a data center in Arizona, USA.

The project, which comprises a single-story data center spanning about 244,000 square feet (approx. 22,700 square meters), will be incorporated into Skanska's US order bookings for Q2 2024.

The construction is already underway and is projected to be completed by the second quarter of 2025.

Skanska has signed a $49 million contract with the Metropolitan Atlanta Rapid Transit Authority (MARTA) to deconstruct and rebuild the Five Points Station canopy in Atlanta, Georgia. This project, equating to about SEK 500 million, will be recognized in the second quarter of 2024. The scope includes dismantling the pre-stressed concrete canopy and demolishing the plaza to make way for a new mass timber, open-concept canopy with enhanced pedestrian entrances. Five Points Station is the largest and busiest in the MARTA system, serving as a key hub for all rail lines and multiple bus routes in Atlanta. The deconstruction is set to begin in July 2024 and is expected to conclude in 2026.