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Skanska AB ( ($SE:SKA.B) ) just unveiled an announcement.
Skanska has secured a USD 65 million (about SEK 640 million) contract from The University of Texas at Austin to fully renovate a historic campus building in Austin, Texas, with the project scheduled to start in May 2026 and conclude in May 2028, and the order to be booked in the company’s US operations for the fourth quarter of 2025. The deal reinforces Skanska’s position in the US institutional and education construction market, expanding its portfolio of complex renovation projects while adding a sizable, multi-year contribution to its American order backlog.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK266.00 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 Group is one of the world’s largest construction and project development companies, with 2024 revenue of SEK 177 billion. The company operates across selected markets in the Nordics, Europe and the United States, delivering large-scale, innovative and sustainable buildings and infrastructure through a workforce of about 26,300 employees.
Average Trading Volume: 761,182
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK102.9B
For an in-depth examination of SKA.B stock, go to TipRanks’ Overview page.