Skanska Secures SEK 1.3 Billion Contract for Österåker Facility Expansion

Skanska AB ( ($SE:SKA.B) ) has provided an announcement.

Skanska has signed a SEK 1.3 billion contract with Specialfastigheter Sverige AB to expand and renovate the Österåker correctional facility in Stockholm, Sweden. This project, which began in 2022, involves reconstructing two buildings, constructing 13 new buildings, and completing ground and foundation work, with completion expected by autumn 2027. The total project value for Skanska, including already invoiced work, is approximately SEK 2.7 billion.

The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK215.00 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 across select markets in the Nordics, Europe, and the USA, focusing on innovative and sustainable solutions that support healthy living. Skanska employs approximately 26,300 people.

YTD Price Performance: 3.85%

Average Trading Volume: 746,487

Current Market Cap: SEK95.43B

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