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Skanska AB ( ($SE:SKA.B) ) has issued an announcement.
Skanska has secured a construction contract in Sweden worth about SEK 1.9 billion from an undisclosed customer, adding materially to its second-quarter 2026 order bookings. The project, scheduled to begin in August 2026 and conclude in the first quarter of 2029, will support the company’s long-term revenue visibility in its home market and reinforces its position as a leading Nordic construction player.
The multi-year timeline of the contract provides Skanska with a stable workload pipeline, which may help smooth cyclical swings in the construction sector. While the client and project details remain confidential, the size of the deal underscores continued demand for Skanska’s large-scale construction capabilities in Sweden and aligns with its strategy of focusing on core markets and complex assignments.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 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 AB is one of the world’s largest construction and project development companies, with 2025 revenue of SEK 179 billion. It operates across selected markets in the Nordics, wider Europe and the U.S., delivering large-scale, innovative and sustainable infrastructure and building projects through a workforce of about 25,900 employees.
Average Trading Volume: 858,520
Technical Sentiment Signal: Buy
Current Market Cap: SEK101.9B
For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.