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The latest update is out from Skanska AB ( ($SE:SKA.B) ).
Skanska has secured a SEK 1 billion contract with the City of Malmö to construct a new multi-sports building in Malmö, Sweden. The facility, which will feature a full-size football pitch, basketball hall, high school teaching facilities, and office space, emphasizes sustainability and is scheduled for completion in 2028. This project, part of Skanska’s third-quarter order bookings for 2025, underscores the company’s commitment to sustainable development and strengthens its position in the Nordic construction market.
The most recent analyst rating on ($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 in select markets across the Nordics, Europe, and the USA, focusing on innovative and sustainable solutions that promote healthy living. With approximately 26,300 employees, Skanska leverages its expertise to shape the way people live, work, and connect.
YTD Price Performance: -1.25%
Average Trading Volume: 768,452
Current Market Cap: SEK90.74B
See more insights into SKA.B stock on TipRanks’ Stock Analysis page.