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SKANSKA AB S/ADR - SKBSY STOCK NEWS

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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.

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Skanska has secured a USD 79.5M contract to build a science center for the College of William and Mary in Williamsburg, Virginia. The project involves a 38,000 square meter facility to support STEM education and research, alongside a renovation of an existing 3,000 square meter center. Construction is set to commence in February 2023 and aims for completion by July 2025. This contract will contribute to Skanska’s US order bookings for the first quarter of 2023, valued at approximately SEK 830M.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

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

The current stock price of SKANSKA AB S/ADR (SKBSY) is $20.98 as of December 24, 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