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

SKANSKA (SKA B)
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Skanska : builds mixed-use development in London, UK, for GBP 140M, about SEK 1.6 billion

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02/06/2018 | 08:31am CET

Skanska has signed a contract for constructing a mixed-use commercial and retail development in the City of London, UK. The client is confidential. The contract is worth GBP 140M, about SEK 1.6 billion, which will be included in the order bookings for Europe in the first quarter 2018. 

The project includes remodeling and refurbishment of an existing structure, demolition of part of the building before adding new floors.

Enabling works has begun and the scheme is due to be completed in 2020.

Skanska is one of the leading developers and construction companies in Europe. Outside the Nordics, the company has its European operations in building construction and civil engineering located in Poland, the Czech Republic, Slovakia and the UK. Skanska develops commercial properties in select local markets in Poland, the Czech Republic, Romania and Hungary, and residential developments in Prague and Warsaw. Skanska also offers services in public private partnerships. In 2016, Skanska had sales of SEK 36 billion and about 16,500 employees in its European operations.

For further information please contact:

Kelly Alexander, Communicator, Skanska UK, tel +44 330 105 2957

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska is one of the world's leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 41,000 employees. Skanska's sales in 2016 totaled SEK 151 billion.

http://news.cision.com/skanska/r/skanska-builds-mixed-use-development-in-london--uk--for-gbp-140m--about-sek-1-6-billion,c2445479

http://mb.cision.com/Main/95/2445479/787352.pdf

(c) 2018 Cision. All rights reserved., source Press Releases - English

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Financials ( SEK)
Sales 2018 156 B
EBIT 2018 5 303 M
Net income 2018 4 500 M
Finance 2018 2 171 M
Yield 2018 5,15%
P/E ratio 2018 15,23
P/E ratio 2019 13,15
EV / Sales 2018 0,40x
EV / Sales 2019 0,38x
Capitalization 65 184 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 190  SEK
Spread / Average Target 17%
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Managers
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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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