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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska has secured a SEK 560 million contract from an existing client to construct a new industrial facility in Södertälje, Sweden, adding to its Swedish order bookings for the second quarter of 2026. The 10,000 square-meter project, which has already broken ground and is slated for completion in the fourth quarter of 2028, reinforces Skanska’s pipeline in its home market and underscores continued demand for industrial construction, supporting revenue visibility over the medium term.
The long-duration Södertälje build strengthens Skanska’s role as a key partner for industrial clients seeking modern facilities in strategic Swedish locations. By extending construction activity through 2028, the deal contributes to operational stability and showcases the company’s capacity to deliver sizeable, complex projects aligned with its focus on sustainable, future-oriented development.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK300.00 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 AB is one of the world’s largest construction and project development companies, generating SEK 179 billion in revenue in 2025. The group operates across selected markets in the Nordics, wider Europe and the United States, focusing on large-scale, innovative and sustainable building and infrastructure projects that shape how people live, work and connect.
Average Trading Volume: 882,514
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.8B
See more data about SKA.B stock on TipRanks’ Stock Analysis page.