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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska has announced a significant investment of PLN 241 million (approximately SEK 630 million) in the first phase of a new residential complex, Awangarda Mogilska, in Kraków, Poland. This project, which includes 278 apartments and six commercial units, emphasizes sustainability with features like photovoltaic panels, a heat recovery system, and smart home solutions. The construction is set to begin in August 2025 and is expected to complete by March 2028, marking a strategic expansion in Skanska’s European operations.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK254.00 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 promote healthy living. Skanska leverages its expertise and foresight to shape the way people live, work, and connect.
Average Trading Volume: 664,230
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK97.04B
Learn more about SKA.B stock on TipRanks’ Stock Analysis page.