STOCK TITAN

SKANSKA AB S/ADR - SKBSY STOCK NEWS

Welcome to our dedicated page for SKANSKA AB S/ADR news (Ticker: SKBSY), a resource for investors and traders seeking the latest updates and insights on SKANSKA AB S/ADR stock.

SKANSKA AB S/ADR (OTCMKTS: SKBSY) is a leading construction and development company with a global presence. The company specializes in building and infrastructure projects, leveraging innovative solutions and sustainable practices to deliver exceptional results.

With a strong focus on quality, safety, and efficiency, Skanska has a proven track record of successful projects across various sectors, including commercial, residential, and public infrastructure. The company's commitment to excellence and client satisfaction sets it apart in the competitive construction industry.

Skanska's financial stability and strategic partnerships ensure its position as a reliable industry leader, driving growth and innovation in the construction sector. From landmark buildings to cutting-edge infrastructure, Skanska continues to shape the future of construction worldwide.

Rhea-AI Summary

Skanska has sold the Hørkær Have rental project in Herlev, Denmark, for DKK 737 million (approximately SEK 1.1 billion) to NREP. The transaction is recorded in the second quarter of 2024, with project completion expected in June 2025. The development spans 22,720 square meters and includes 264 rental apartments and parking spaces, featuring electric car charging stations. Additionally, a green garden and community building are planned, supporting biodiversity and offering tenant amenities. The first apartments will be available by December 2024, with the entire project pre-certified at DGNB Gold level.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
none
-
Rhea-AI Summary

Skanska has appointed Clay Haden as the new Business Unit President for Skanska USA Building, succeeding Paul Hewins, effective June 1, 2024. Haden, with over 14 years of experience at Skanska, will oversee the overall performance of the business unit, focusing on strategy, safety, financial performance, and culture development. He will report directly to Skanska Group Executive Vice President Richard Kennedy. Haden's extensive background includes roles as General Counsel and Chief Administrative Officer, making him well-equipped to lead the company into the future.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
Tags
none
-
Rhea-AI Summary

Skanska and joint venture partner B. Bell Builders have secured a USD 48M contract to construct a new building at Rice University in Houston, Texas, USA. The project, worth about SEK 500M, includes classrooms, office spaces, meeting areas, and a large event space. Construction is set to begin in May 2024 and finish by February 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
none
Rhea-AI Summary

Skanska has secured a USD 150M supplemental award to build a data center in Arizona, USA, totaling about SEK 1.6 billion. The project includes a single-story data center spanning 22,700 square meters, with completion expected in Q2 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
none
-
Rhea-AI Summary

Skanska reported strong financial results for the first quarter of 2024, with revenue reaching SEK 36.4 billion and operating income at SEK 0.5 billion. Adjusted for currency effects, revenue increased by 5 percent. Earnings per share stood at SEK 1.28. Order bookings in Construction surged to SEK 46.9 billion, representing an 83 percent increase quarter on quarter. The company achieved a historic high order backlog, resulting in a promising outlook for future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.44%
Tags
-
Rhea-AI Summary

Skanska has secured a contract to build a data center in Georgia, USA, valued at USD 238M (SEK 2.5 billion). The project includes constructing a 22,700 square-meter data center, associated site work, and underground utilities. The work is set to commence in June 2024 and finish by May 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.44%
Tags
none
Rhea-AI Summary
Skanska has signed a USD 94M construction contract with a consumer goods manufacturer for a manufacturing facility in the Northeast USA, translating to about SEK 970M, showcasing their continued growth and expansion in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
Rhea-AI Summary
Skanska secures a SEK 1.4 billion contract to build new care and service buildings at Hässleholm hospital in Sweden. The project aims to be environmentally certified and is scheduled for completion in the first half of 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
-
Rhea-AI Summary
Skanska signs a USD 242 M contract to build a data center in Virginia, USA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
Rhea-AI Summary
Skanska's President and CEO, Anders Danielsson, and CFO Magnus Persson will present the year-end report at a press and audio conference at the company's head office in Stockholm on February 9, 2023. The conference will be webcasted live and offer the opportunity for participants to ask questions. After the conference, individual meetings with Magnus Persson can be scheduled. For further information, contact Antonia Junelind, SVP of Investor Relations, or Karolina Cederhage, SVP of Communications. The press release includes contact details and links to download the press invitation and previous releases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
none

FAQ

What is the current stock price of SKANSKA AB S/ADR (SKBSY)?

The current stock price of SKANSKA AB S/ADR (SKBSY) is $20.73 as of December 20, 2024.

What is the market cap of SKANSKA AB S/ADR (SKBSY)?

The market cap of SKANSKA AB S/ADR (SKBSY) is approximately 8.7B.

What is Skanska AB S/ADR known for?

Skanska AB S/ADR is renowned for its expertise in construction and development, delivering high-quality projects globally.

What sectors does Skanska operate in?

Skanska operates across various sectors, including commercial, residential, and public infrastructure projects.

What sets Skanska apart in the construction industry?

Skanska stands out in the construction industry due to its focus on quality, safety, efficiency, and client satisfaction.

How does Skanska ensure financial stability?

Skanska maintains financial stability through strategic partnerships, reliable performance, and sustainable business practices.

What drives Skanska's growth and innovation?

Skanska's commitment to excellence, innovation, and reliable partnerships drives its growth and innovation in the construction sector.

What is Skanska's global presence?

Skanska has a global presence, undertaking construction projects worldwide and shaping the future of the industry.

How does Skanska contribute to sustainable practices?

Skanska contributes to sustainable practices by implementing innovative solutions and eco-friendly construction methods in its projects.

Who leads Skanska AB S/ADR?

Skanska AB S/ADR is led by a team of experienced professionals, with a strong focus on strategic growth and operational excellence.

What is Skanska's mission?

Skanska's mission is to create sustainable solutions, build for a better society, and drive positive change through construction and development.

How can I stay informed about Skanska's latest projects?

Stay informed about Skanska's latest projects, financial updates, and industry news by visiting the official Skanska website or following their official announcements.

SKANSKA AB S/ADR

OTC:SKBSY

SKBSY Rankings

SKBSY Stock Data

8.74B
391.56M
0.02%
Engineering & Construction
Industrials
Link
United States of America
Stockholm