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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Skanska    SKA B   SE0000113250

SKANSKA (SKA B)
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Skanska : Bluestone Lane to Launch Third Greater Washington Location at Skanska's 99M

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06/05/2018 | 02:21pm CEST

NEW YORK, June 4 -- Skanska, a construction and development company, issued the following news release:

Bluestone Lane, an Australian-influenced hospitality and lifestyle brand, is bringing its award-winning coffee and premium cafe concept to Skanska's 99M this fall. Located within the Capitol Riverfront community, Bluestone Lane at 99M will be integrated into, and directly accessible from the lobby, enhancing the overall building experience for tenants and locals.

Following the successful opening of its first two D.C. locations in West End and Georgetown, Bluestone Lane's third outpost will bring more of its premium coffee and healthy fare to Capitol Riverfront, at 99 M Street, SE.

"Bluestone Lane is exactly the right fit for our 99M development from both the design and offerings perspectives. Their decision to locate in our building provides a great amenity to the neighborhood and to our office tenants," said Mark Carroll, Executive VP for Skanska's development operations in the Greater Washington, D.C., area.

Patrons will soon be able to indulge in Bluestone Lane's range of premium coffee and wellness drinks, signature cold-pressed juices, organic teas and healthy fare. Known for introducing the "Avocado Smash" craze to the United States, Bluestone Lane has had an undeniable influence on the American market and has enjoyed rapid adoption from local D.C. consumers. This signature dish, as well as a selection of healthy grab and go items and gluten free pastries will be included on the menu at 99M.

"We are very excited to become a new locale for the Capitol Riverfront community. We've had a lot of interest in Bluestone Lane from residents moving into the area, and 99M is the perfect fit for us," says Nicholas Stone, Founder and CEO of Bluestone Lane.

The 99M development is a 234,000 square foot building located at 99 M Street, SE on the corner of First and M Streets, SE. The striking 11-story building is steps from both Navy Yard-Ballpark Metrorail entrances and seven blocks from the U.S. Capitol. The Class-A building will include approximately 220,000 square feet of office space, with approximately 11,000 square feet of retail/restaurant space on the ground floor. The building will also feature a green roof and rooftop terrace, a tenant-only, state-of-the-art fitness facility, secure bicycle storage and four levels of underground parking.

Designed to meet the LEED(R) Gold standard, 99M incorporates innovative techniques to reduce water and energy usage, and limits its impact on the natural environment. With breathtaking views of the Riverfront and the Capitol, it is a building that celebrates the best of the urban experience.

© 2018 Targeted News Service, source News Service

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Financials ( SEK)
Sales 2018 160 B
EBIT 2018 5 171 M
Net income 2018 4 416 M
Finance 2018 1 874 M
Yield 2018 5,28%
P/E ratio 2018 14,73
P/E ratio 2019 12,72
EV / Sales 2018 0,38x
EV / Sales 2019 0,36x
Capitalization 63 244 M
Chart SKANSKA
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Skanska Technical Analysis Chart | SKA B | SE0000113250 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 184  SEK
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer
Jaroslaw Urbanczyk Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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