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An announcement from Skanska AB ( ($SE:SKA.B) ) is now available.
Skanska has signed a SEK 550 million agreement with Kungsbacka Municipality to proceed with phase two of the Kungsbacka Arena construction in Sweden. The project, which includes an indoor arena and a football field, aims to enhance the municipality’s sports and cultural facilities, with construction starting in spring 2026 and completion expected by the end of 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK266.00 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 creating innovative and sustainable solutions that support healthy living.
YTD Price Performance: 11.20%
Average Trading Volume: 743,372
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.2B
See more insights into SKA.B stock on TipRanks’ Stock Analysis page.