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

SKANSKA (SKA B)
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Skanska : invests USD 128 M, about SEK 1.1 billion, in a new office project in Boston, USA

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06/29/2018 | 07:31am CEST

Skanska invests USD 128 M, about SEK 1.1 billion, to develop a new commercial office building in Boston, USA. The construction contract is worth USD 76 M, about SEK 630 M, which will be included in the US order bookings for the second quarter of 2018.

Skanska will develop and build a 12-story, about 21,000-square-meter commercial office building with ground-floor retail, a 1,100-square-meter public plaza, and 150 parking spaces. The building will be situated in the Drydock area of Boston'sSeaport District, home to some of Boston's most innovative and forward-thinking companies including PTC, Alexion, and GE.

Construction began in June 2018 and is expected to be completed in December 2019.

Skanska is one of the leading construction and development companies in the USA, specializing in building construction, civil infrastructure, public-private partnerships and commercial property developments in select US markets. Skanska USA had sales of SEK 59 billion in 2017 and has approximately 9,500 employees.           

For further information please contact:

Beth Miller, Communications, Skanska USA, tel +1 (917) 438 45 23

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-usd-128-m--about-sek-1-1-billion--in-a-new-office-project-in-boston--usa,c2560389

http://mb.cision.com/Main/95/2560389/868538.pdf

http://news.cision.com/skanska/i/20180629-skanska-drydock-1,c2443845

http://news.cision.com/skanska/i/20180629-skanska-drydock-2,c2443846

http://news.cision.com/skanska/i/20180629-skanska-drydock-3,c2443847

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

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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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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 183  SEK
Spread / Average Target 16%
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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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