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Skanska AB ( ($SE:SKA.B) ) has provided an announcement.
Skanska has secured a SEK 990 million contract from the City of Malmö to deliver the second phase of a new football and athletics facility, which will be booked in its Swedish order intake for the second quarter of 2026. The project, already in development through demolition and initial works, reinforces Skanska’s position in Nordic public infrastructure and adds to its backlog with a high-profile sports venue.
The stadium, designed for international athletics and football events, will accommodate up to 8,000 spectators and include running and jumping tracks, a javelin facility, changing rooms, media spaces, storage and catering areas. Completion is targeted around the turn of 2028–2029, enhancing Malmö’s sports infrastructure and showcasing Skanska’s role in delivering modern, multi-use municipal facilities.
The most recent analyst rating on ($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., delivering large-scale, often sustainable infrastructure and building projects through a workforce of about 25,900 employees.
Average Trading Volume: 864,614
Technical Sentiment Signal: Buy
Current Market Cap: SEK108.2B
For detailed information about SKA.B stock, go to TipRanks’ Stock Analysis page.