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SKANSKA (SKA B)
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Skanska : builds metro station in Espoo, Finland, for EUR 51 M, about SEK 520 M

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06/27/2018 | 10:08am CEST

6/27/2018 10:00 AM CET

Press release

Skanska has signed a contract with Länsimetro Oy to build a metro station in Kivenlahti, Espoo, Finland. The contract is worth EUR 51 M, about SEK 520 M, which will be included in the Nordic order bookings for the second quarter 2018.

The project includes an underground metro station, a maintenance and driving tunnel as well as two entrances above ground. The station is the final one of the second section of the Western metro line that comprises altogether five stations and will be built during 2019-2023.

The total volume of the station will be approximately 31,000 gross square meters. The forecasted daily amount of commuters passing through the station is approximately 11,000.

The construction works will start in August 2018 and in its entirety, the project will be completed in 2022.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska offers services in public-private partnerships. Skanska had sales of about SEK 65 billion and more than 15,000 employees in its Nordic operations during 2017.

Disclaimer

Skanska AB published this content on 27 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 June 2018 08:07:03 UTC

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Financials (SEK)
Sales 2018 162 B
EBIT 2018 5 531 M
Net income 2018 4 524 M
Finance 2018 2 512 M
Yield 2018 5,28%
P/E ratio 2018 14,34
P/E ratio 2019 12,71
EV / Sales 2018 0,39x
EV / Sales 2019 0,38x
Capitalization 66 285 M
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Number of Analysts 9
Average target price 183  SEK
Spread / Average Target 16%
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Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer
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Lena Charlotte Strömberg Independent Director
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