Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Macquarie Group Ltd    MQG   AU000000MQG1

MACQUARIE GROUP LTD (MQG)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Skanska To Announce Financial Close On First US PPP Project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/13/2012 | 12:22pm CEST

Swedish construction company Skanska AB (SKA-B.SK) is close to announcing an agreement on the financial terms for a major infrastructure project in Virginia, which entails a construction contract worth about $660 million for the company, executive vice president for infrastructure development Karl Reichelt said in an interview.

The project, part of a joint venture with Macquarie Group Ltd. (>> Macquarie Group Limited), includes the construction of a new Midtown Tunnel, rehabilitation of existing tunnels, and extension of the Martin Luther King Freeway in Virginia. Skanska has 45% of the $1.5 billion construction assignment.

The total project value is about $2.05 billion, and Skanska will make a $140 million equity investment in the project, which is the construction firm's first public-private partnership in the U.S.

"This has been highly anticipated and it is extremely important for Skanska because it is helping to fulfil our growth plans in a key market for the company," Reichelt told Dow Jones Newswires.

The five- to six-year construction contract, which will be awarded to Skanska's civil construction unit, is likely to have a margin in the lower double digits--higher than the 9.2% margin posted by the unit in 2011.

"When you're accepting the responsibility of a guaranteed on-time, on-budget delivery, and taking all the significant construction risk, you would expect the margin to be more robust than for a traditional project," Reichelt said.

He added that the internal rate of return for the project is "comfortably" within the 11% to 14% range targeted by the company for infrastructure development.

-By Niclas Rolander, Dow Jones Newswires; +46-8-5451-3102; [email protected]

Stocks mentioned in the article : Macquarie Group Limited
Stocks mentioned in the article
ChangeLast1st jan.
MACQUARIE GROUP LTD 0.55% 116.88 End-of-day quote.16.67%
SKANSKA -0.45% 167.6 Delayed Quote.-1.41%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MACQUARIE GROUP LTD
05/25MACQUARIE : Partners Group consortium to buy Techem in $5.4 billion deal
RE
05/25MACQUARIE : Infrastructure and Real Assets reaches agreement to sell Techem GmbH
PU
05/17TELSTRA : Weekly Top Ten News Stories
AQ
05/17MACQUARIE : Wealth Management division to focus its private client business on t..
PU
05/15E.ON can walk away from Innogy deal if too many assets sold - RWE
RE
05/14MACQUARIE : Square Peg lead $15m round in Australian fintech startup Athena
AQ
05/14Innogy can launch sales process for stake in Czech grid business
RE
05/14Australia's Healthscope gets $3.3 billion Brookfield approach, sparking bid w..
RE
05/14MACQUARIE GROUP LTD : Ex-dividend day for final dividend
FA
05/10REPSOL YPF : in Talks With Macquarie to Buy Viesgo -El Economista
DJ
More news
News from SeekingAlpha
05/04Macquarie Group, Ltd. 2018 Q4 - Results - Earnings Call Slides 
02/15REUTERS : Petrobras sets next bid round for TAG pipeline in late March 
02/06Macquarie Group's (MCQEF) on Operational Briefing Broker Conference (Transcri.. 
02/052018 Macquarie Group Operational Briefing 
2017REUTERS : Engie, Macquarie, Mubadala groups bid for Petrobras pipelines 
Financials ( AUD)
Sales 2019 11 052 M
EBIT 2019 3 575 M
Net income 2019 2 735 M
Debt 2019 -
Yield 2019 4,77%
P/E ratio 2019 15,07
P/E ratio 2020 14,35
Capi. / Sales 2019 3,60x
Capi. / Sales 2020 3,47x
Capitalization 39 782 M
Chart MACQUARIE GROUP LTD
Duration : Period :
Macquarie Group Ltd Technical Analysis Chart | MQG | AU000000MQG1 | 4-Traders
Technical analysis trends MACQUARIE GROUP LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 113  AUD
Spread / Average Target -3,5%
EPS Revisions
Managers
NameTitle
Nicholas William Moore Chief Executive Officer, Executive Director & MD
Peter Hastings Warne Independent Chairman
Nicole Sorbara COO & Head-Operations Group
Alex Harvey CFO & Head-Financial Management Group
Justin Raoul Moffitt Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
MACQUARIE GROUP LTD16.67%30 043
CITIC LTD2.65%43 017
NATIXIS5.37%25 410
CHINA HUARONG ASSET MANAGEMENT CO LTD-25.95%13 769
INVESTEC11.18%8 017
EDELWEISS CAPITAL LIMITED4.58%4 204