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Skanska AB ( ($SE:SKA.B) ) just unveiled an update.
Skanska has secured a NOK 363 million (about SEK 330 million) contract from OBOS Block Watne to build the Byfjordporten residential project in Askøy, Norway, adding to its Nordic order bookings for the first quarter of 2026. The development will create a new neighborhood in Florvåg with 98 residential units in 10 buildings and associated infrastructure, including a new access road and tunnel, reinforcing the area’s appeal as a waterfront residential hub with good public transport links, and construction is set to begin immediately with completion and handover scheduled for 2028.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK294.00 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 177 billion in revenue in 2024. The group operates in selected markets across the Nordics, Europe and the United States, delivering large-scale, often innovative and sustainable building and infrastructure projects that shape how people live, work and connect, supported by a workforce of about 26,300 employees.
Average Trading Volume: 751,038
Technical Sentiment Signal: Buy
Current Market Cap: SEK110.1B
See more data about SKA.B stock on TipRanks’ Stock Analysis page.