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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MACQUARIE GROUP LTD
10/20 PUC : Eversource's Aquarion purchase doesn't need approval
10/20 PURE GOLD MINING : Upsizes Previously Announced Bought Deal Financing to C$18.3 ..
10/19 MACQUARIE : and Its Employees Donate $290,000 to Mexico Earthquake Relief Effort..
10/19 MACQUARIE : Investment Management Raises More Than $113,000 for Girls Inc. of Gr..
10/17 PUC : Eversource's purchase of Aquarion doesn't need approval
10/17DJANZ Sells Pensions, Financial Planning Businesses -- Update
10/16 MACQUARIE : and Its Employees Donate $290,000 to Mexico Earthquake Relief Effort..
10/16 PURE GOLD MINING : Announces C$12 Million Bought Deal Private Placement of Flow ..
10/13 MACQUARIE : Hearing Eversource argues PUC approval not needed for Aquarion Water..
10/10 MACQUARIE : How Pro Bono Is Revolutionizing the Way We Develop Tomorrow’s ..
More news
News from SeekingAlpha
10/12 MACQUARIE : The Success Story In Trouble?
09/11 Macquarie Group (MCQEF) Presents At EUROPE GRI 2017 - Slideshow
07/27 Macquarie Group Limited (MCQEF) Investor Presentation - Slideshow
07/25 REUTERS : Macquarie picks Moelis for $4.5B Puget Energy stake sale
05/05 Macquarie Group's (MCQEF) CEO Nicholas William Moore on Q1 2017 Results - Ear..
Financials ( AUD)
Sales 2018 10 672 M
EBIT 2018 3 336 M
Net income 2018 2 352 M
Debt 2018 -
Yield 2018 5,17%
P/E ratio 2018 13,88
P/E ratio 2019 13,39
Capi. / Sales 2018 2,99x
Capi. / Sales 2019 2,92x
Capitalization 31 946 M
Chart MACQUARIE GROUP LTD
Duration : Period :
Macquarie Group Ltd Technical Analysis Chart | MQG | AU000000MQG1 | 4-Traders
Technical analysis trends MACQUARIE GROUP LTD
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 95,6  AUD
Spread / Average Target 1,8%
EPS Revisions
Managers
NameTitle
Nicholas William Moore Chief Executive Officer, MD & Executive Director
Peter Hastings Warne Independent Chairman
Nicole Sorbara COO & Head-Operations Group
Patrick Upfold CFO & Head-Financial Management Group
Justin Raoul Moffitt Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
MACQUARIE GROUP LTD7.74%24 963
CITIC LTD4.14%43 034
NATIXIS27.56%25 275
CHINA HUARONG ASSET MANAGEMENT CO LTD34.41%18 819
INVESTEC2.99%7 406
EDELWEISS CAPITAL LIMITED196.93%3 791