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

SKANSKA (SKA B)
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Skanska : to build the Urban Environment House in Helsinki, Finland, for EUR 83M, about SEK 800M

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02/05/2018 | 01:02pm CET

Skanska has signed a contract with the City of Helsinki to build the Urban Environment House in Helsinki, Finland. The contract is worth EUR 83M, about SEK 800M, which will be included in the Nordic order bookings for the first quarter 2018. 

The seven storey building in the Kalasatama area of Helsinki will comprise of about 40,000 gross square meters of office space. In addition, there will be one underground level, with parking spaces for cars and bikes. At the upper levels, there will be several terraced spaces that can be used for work, recreation or meetings. The facades of the Urban Environment House have been designed in line with the red-brick character of the area.

High goals have been set for the environmental and energy efficiency of the building. As for energy efficiency, the project will be almost at the zero net energy level. Most of the roof of the building will be covered by greenery as well as solar panels. As a minimum, the project strives for the Very Good level of the BREEAM environmental certification system.

Construction work will begin in February 2018. The project is expected to be completed during spring 2020.

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 67 billion and more than 15,000 employees in its Nordic operations during 2016.

For further information please contact:

Liisa Salmela, Communications Manager, Skanska Oy, tel +358 50 374 3070

Andreas Joons, Press Officer, Skanska AB, tel 010 449 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 (http://group.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-to-build-the-urban-environment-house-in-helsinki--finland--for-eur-83m--about-sek-800m,c2444603

http://mb.cision.com/Main/95/2444603/786972.pdf

http://news.cision.com/skanska/i/180205-fi-urban-environment-house-city-of-helsinki-external-visualization-lahdelma-malkama-ki-archit,c2335973

http://news.cision.com/skanska/i/180205-fi-urban-environment-house-city-of-helsinki-facade-visualization-lahdelma-malkama-ki-architec,c2335974

(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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Average target price 190  SEK
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Anders Danielsson President & Chief Executive Officer
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