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Skanska AB ( ($SE:SKA.B) ) has shared an announcement.
Skanska AB has announced an increase in its financial target for the Construction business, raising the operating margin to 4.0% or more. This move reflects the company’s ongoing efforts to improve earnings quality and predictability, positioning itself for controlled growth while prioritizing profitability in Project Development. The announcement, made ahead of the Capital Markets Day in Seattle, underscores Skanska’s commitment to delivering attractive shareholder returns and aligning its strategic priorities with market demands.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK270.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with 2024 revenue totaling SEK 177 billion. The company operates in select markets across the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that support healthy living. Skanska employs approximately 26,300 people and leverages its expertise to shape the way people live, work, and connect.
Average Trading Volume: 667,093
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.7B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.