SKANSKA AB B FREE - SKSBF STOCK NEWS

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 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, 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 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.