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

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Skanska : invests EUR 36 M, about SEK 360 M, in a new office building in Krakow, Poland

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06/04/2018 | 08:01am CEST

Skanska invests EUR 36 M, about SEK 360 M, in the fourth building of High5ive, a five-building office complex located in Krakow, Poland. The building under construction will offer a total leasable area of about 24,600 square meters.

High5ive, Skanska's largest office development in Krakow, has a central location next to Krakow's main railway station and shopping mall. The first two buildings have been delivered. Internationally known companies such as ABB and PwC are amongst the tenants as well as Business Link, the biggest Polish flexible office space chain.

The complex will ultimately comprise five office buildings with a total leasable area of about 70,000 square meters. Buildings 3 and 4 will receive LEED certificate (Leadership in Energy & Environmental Design) on Platinum level. Both of them will be also certified as a "Building without barriers" for their accessible design and inclusiveness for people with disabilities.

The construction of the fourth building has started at the end of May 2018 and is scheduled for completion in the first quarter of 2020.

Skanska is one of the leading development and construction companies in Europe. Outside the Nordics the company has European operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and UK. Skanska develops commercial properties in select home markets in Poland, Czech Republic, Romania and Hungary, while the residential development is active in Prague and Warsaw. Skanska also offers services in public private partnerships. In 2017, Skanska had sales of SEK 37 billion and about 16,000 employees in its European operations.

For further information please contact:

Aleksandra Markiewicz, Communication Manager, Skanska Commercial Development Europe, tel +48 797 229 147

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 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

http://news.cision.com/skanska/r/skanska-invests-eur-36-m--about-sek-360-m--in-a-new-office-building-in-krakow--poland,c2539189

http://mb.cision.com/Main/95/2539189/853348.pdf

http://news.cision.com/skanska/i/20180604-pl-high5ive-visualization-plan-view,c2423972

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

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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
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Number of Analysts 9
Average target price 184  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
Jaroslaw Urbanczyk Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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