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.
The SKANSKA AB S/ADR (SKBSY) news page on Stock Titan aggregates company announcements and media releases related to Skanska’s construction and development activities. Recent news highlights contracts, divestments and investor events that illustrate how the company operates within the Commercial and Institutional Building Construction industry and the wider Construction sector.
News items cover a broad range of project types and geographies. Examples include upgrades to the A47 Thickthorn road junction in the United Kingdom, construction of the I/12 Běchovice–Úvaly bypass near Prague in Czechia, and an additional contract for a new Terminal E parking garage and associated structures at Logan Airport in Boston, USA. Other releases describe renovation of the Walter Clinton Jackson Library in Greensboro, North Carolina, work on the Paul and Diane Manning Institute of Biotechnology in Charlottesville, Virginia, and groundworks for the Beccs Stockholm biogenic carbon dioxide capture facility in Sweden.
In addition to project-related news, the feed includes information on property divestments, such as the sale of the first phase of the Equilibrium office complex in Bucharest, Romania, and invitations to presentations of Skanska’s interim reports and Capital Markets Day. These items signal when management will discuss financial performance, order bookings and strategic topics.
By following SKBSY news, readers can see how Skanska’s order pipeline evolves across roads, airports, educational and research facilities, energy-related infrastructure and commercial properties. Investors, analysts and other interested users can revisit this page to review new contract announcements, project milestones, divestments and scheduled investor relations events as they are reported in Skanska’s official releases.
Skanska has secured a contract worth USD 60 million (approximately SEK 630 million) with BHP Copper Inc. for the Solitude buttress main civil works project at the Solitude Closure Tailings site in Globe, Arizona. This contract will be included in the US order bookings for Q1 2023.
The project aims to enhance the stabilization of a historic tailings embankment and mitigate potential risks of dam slope failures, aligning with international safety standards set by key regulatory bodies.
Construction is set to begin in April 2023 and is expected to be completed by March 2025.
Skanska has secured a contract valued at USD 171M (approximately SEK 1.8 billion) to construct a new data center in Atlanta, Georgia. This project, which encompasses about 23,000 square meters, is part of Skanska's US order bookings for Q1 2023. Construction is actively underway and is expected to be completed by March 2024. The project highlights Skanska's ongoing partnership with existing clients in the sector.
Skanska has amended its contract with Oregon Health & Science University for the Hospital Expansion Project in Portland, Oregon. The amendment, valued at USD 111 million (approximately SEK 1.2 billion), will be included in the Q1 2023 US order bookings. The project entails constructing a 14-story hospital expansion, featuring patient floors, parking, mechanical spaces, and three pedestrian sky bridges. Construction began in 2022 and is expected to be completed by 2026.
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.
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.
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.
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.
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.
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.
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.