Skanska Secures SEK 380M Contract for Sweden’s Longest Wooden Bridge

The latest update is out from Skanska AB ( ($SE:SKA.B) ).

Skanska has secured a SEK 380 million contract with Skellefteå Municipality to construct the Karlgårdsbron bridge over the Skellefte River in Skellefteå, Sweden. This project, which will be Sweden’s longest wooden bridge, is set to enhance connectivity across the city by accommodating various modes of transport, including cars, buses, pedestrians, and cyclists. Construction is set to begin immediately, with completion expected in November 2027, marking a significant addition to Skanska’s order bookings for the second quarter of 2025.

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. It operates across select markets in the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that support healthy living. The company employs approximately 26,300 people.

YTD Price Performance: -2.91%

Average Trading Volume: 533,421

Technical Sentiment Signal: Sell

Current Market Cap: SEK88.85B

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