Skanska Wins SEK 570m Contract for New Swedish Correctional Facility

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

Skanska has secured a SEK 570 million contract from Monen Fastighetsförvaltning to build and renovate a correctional facility in Ulriksfors, Strömsund, Sweden, which will be leased to the Swedish Prison and Probation Service and house around 140 inmates. The Class 3 facility, featuring enhanced security for added flexibility, follows a year of site preparation and demolition and is scheduled for completion in August 2028, bolstering Skanska’s Swedish order book and underscoring its role in public-sector infrastructure projects.

The project includes converting largely commercial premises on a site that previously hosted a prison closed in 1979, signaling a renewed state investment in correctional capacity in the region. For Skanska, the contract adds a sizable public-sector assignment to its Swedish operations, supporting revenue visibility through 2028 and reinforcing its positioning in the Nordic institutional construction market.

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 is one of the world’s largest construction and project development companies, with 2025 revenue of SEK 179 billion. The group operates across selected markets in the Nordics, Europe and the U.S., focusing on large-scale building, infrastructure and development projects that emphasize innovative, sustainable solutions.

Average Trading Volume: 879,122

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK105.9B

Learn more about SKA.B stock on TipRanks’ Stock Analysis page.