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Skanska AB ( ($SE:SKA.B) ) just unveiled an update.
Skanska has secured a contract with Statkraft to upgrade and construct tunnels at the Saurland hydroelectric power plant in Suldal, Norway, valued at NOK 476 million. This project aims to enhance operational reliability and reduce water loss, ensuring efficient energy production, with construction set to begin in June 2025 and complete by June 2028.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with a focus on creating innovative and sustainable solutions. Operating across select markets in the Nordics, Europe, and the USA, Skanska leverages the expertise of its approximately 26,300 employees to shape the way people live, work, and connect. In 2024, the company reported revenues totaling SEK 177 billion.
YTD Price Performance: 0.76%
Average Trading Volume: 734,132
Current Market Cap: SEK92.59B
For a thorough assessment of SKA.B stock, go to TipRanks’ Stock Analysis page.