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Skanska AB ( ($SE:SKA.B) ) just unveiled an update.
Skanska has secured a NOK 1.2 billion (about SEK 1.1 billion) contract from Norwegian infrastructure agency Bane NOR to build the Stange–Otterstad rail infrastructure project, a new double track section on the main railway line between Oslo and Lillehammer. The award, which will be booked in Skanska’s Nordic orders in the second quarter of 2026, reinforces the company’s role as a key contractor in major Nordic transport projects.
The project aims to boost capacity and reliability in Norway’s rail network by upgrading a critical stretch of the Intercity triangle, with construction slated to begin in May 2026 and finish in late 2029. The long-term contract adds visibility to Skanska’s order backlog and underscores ongoing investment in sustainable transport infrastructure in the region, supporting the company’s positioning in large-scale rail development.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK275.00 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 is one of the world’s largest construction and project development companies, generating SEK 179 billion in revenue in 2025. The group focuses on infrastructure and building projects across selected markets in the Nordics, Europe and the United States, emphasizing innovative and sustainable solutions that enhance how people live, work and connect.
Average Trading Volume: 857,381
Technical Sentiment Signal: Buy
Current Market Cap: SEK98.85B
For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.