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Skanska AB
(SKA.B)
Skanska AB (SKA.B) vs. iShares MSCI Sweden ETF (EWD)
Skanska AB Business Overview & Revenue Model
Skanska AB Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 182.61B | 176.48B | 167.17B | 163.17B | 143.87B | 160.34B |
| Gross Profit | 15.40B | 14.48B | 13.43B | 16.69B | 15.72B | 16.89B |
| EBITDA | 9.57B | 10.35B | 7.50B | 12.41B | 11.31B | 11.60B |
| Net Income | 6.19B | 5.55B | 5.00B | 8.26B | 6.86B | 9.88B |
Balance Sheet | ||||||
| Total Assets | 160.85B | 171.21B | 155.19B | 151.59B | 139.04B | 125.63B |
| Cash, Cash Equivalents and Short-Term Investments | 26.31B | 32.20B | 17.91B | 10.01B | 10.95B | 19.51B |
| Total Debt | 6.58B | 20.17B | 17.85B | 14.70B | 15.00B | 15.05B |
| Total Liabilities | 100.17B | 108.59B | 98.84B | 96.34B | 93.24B | 86.91B |
| Stockholders Equity | 60.49B | 62.47B | 56.20B | 55.11B | 45.68B | 38.62B |
Cash Flow | ||||||
| Free Cash Flow | 9.57B | 6.44B | 632.00M | -1.78B | 5.51B | 9.66B |
| Operating Cash Flow | 9.57B | 9.11B | 3.21B | 480.00M | 7.44B | 11.28B |
| Investing Cash Flow | -6.63B | -5.77B | 6.00B | 3.92B | -11.37B | 1.57B |
| Financing Cash Flow | -6.60B | -2.84B | -1.25B | -6.24B | -5.05B | -1.18B |
Skanska AB Technical Analysis
Skanska AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr19.10B | 13.11 | 20.30% | 4.23% | 5.68% | 27.52% | |
70 Outperform | kr24.39B | 14.46 | 10.55% | 3.33% | -4.93% | 10.91% | |
69 Neutral | kr19.10B | 14.92 | ― | 3.72% | 5.68% | 27.52% | |
69 Neutral | kr16.36B | 17.74 | 6.97% | 4.13% | -3.73% | -22.34% | |
67 Neutral | kr102.88B | 16.64 | 10.45% | 3.19% | 6.02% | 26.26% | |
66 Neutral | kr54.21B | 25.06 | 18.65% | 2.20% | 2.79% | 14.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Skanska AB Corporate Events
Skanska has been recognized by Forbes as one of the world’s best employers for the fourth consecutive year, highlighting the company’s strong work culture and commitment to employee well-being. This accolade underscores Skanska’s efforts in attracting top talent and fostering a high-performing work environment, with a significant percentage of employees feeling their work contributes meaningfully to the company’s purpose.
Skanska has secured a USD 263 million contract to build a new data center in the USA for a repeat client, with construction starting in early 2026 and completion expected by late 2027. This project will enhance Skanska’s order bookings for the fourth quarter of 2025, reinforcing its strong presence in the US market and its commitment to developing infrastructure that supports modern connectivity needs.
Skanska has announced the divestment of its office complex, Port7, in Prague, Czech Republic, for approximately EUR 130 million. The complex, located in the Holešovice district, features three office buildings with 36,000 square meters of leasable space and is fully leased to companies across various industries. The project emphasizes sustainability, with LEED Platinum and WELL Platinum certifications, and incorporates renewable energy solutions and water savings. This transaction, scheduled for completion in the first half of 2026, reflects Skanska’s commitment to sustainable development and its strategic focus on transforming urban spaces.
Skanska AB announced the conversion of 2,400 Class A shares to Class B shares in November 2025, reducing the total number of votes in the company to 595,614,329. This share conversion is part of Skanska’s compliance with the Swedish Financial Instruments Trading Act, reflecting its ongoing corporate governance and shareholder engagement strategies.
Skanska Group has appointed Pontus Winqvist as the new Chief Financial Officer and Executive Vice President, effective November 27, 2025. Pontus, who has been with Skanska since 1997, brings extensive experience from various leadership roles within the company. His appointment is expected to strengthen Skanska’s financial strategy and support its ongoing business development, as the company continues to leverage its strong market position and positive momentum.
Skanska has secured a NOK 950 million contract with Hydro to build the Illvatn pumped-storage hydropower plant in Luster, Norway. This project, scheduled for completion in August 2030, will enhance energy storage and efficiency, contributing to an annual electricity production of approximately 84 GWh, reflecting Skanska’s commitment to sustainable infrastructure development.
Skanska has secured a USD 256 million contract to build a new data center in the USA, which will be added to its US order bookings for the fourth quarter of 2025. The project, set to begin in early 2026 and complete by late 2027, involves constructing the data center’s shell and interior, enhancing Skanska’s presence in the US market and potentially strengthening its industry positioning.
Skanska has secured a EUR 60 million contract with the Finnish Transport Infrastructure Agency to upgrade a 12-kilometer section of the Vt 12 highway in Finland. The project aims to enhance traffic safety and flow by converting the road into a median-separated passing lane and includes constructing two interchanges and a groundwater protection structure. The development phase starts in late 2025, with completion expected by 2029.
Skanska AB has announced an increase in its financial target for the Construction business, raising the operating margin to 4.0% or more. This move reflects the company’s ongoing efforts to improve earnings quality and predictability, positioning itself for controlled growth while prioritizing profitability in Project Development. The announcement, made ahead of the Capital Markets Day in Seattle, underscores Skanska’s commitment to delivering attractive shareholder returns and aligning its strategic priorities with market demands.
Skanska is investing approximately SEK 450 million in a residential project named Ängsklockan in Järvastaden, Solna, Sweden. The project will feature 119 apartments with sustainable features such as solar panels and energy-efficient facades, and is expected to be completed by the first quarter of 2028.
Skanska has sold the second phase of the Centrum Południe office complex in Wrocław, Poland, to INVESTIKA Real Estate Fund and BUD HOLDINGS for EUR 62 million. This modern and sustainable building, completed in 2023, offers over 21,500 square meters of office and retail space, and is strategically located near Wrocław’s main railway station. The building is fully leased, with BNY occupying the office space and Luxmed the retail space. It boasts several sustainability certifications and features amenities that promote community engagement.
Skanska has secured a USD 63 million contract with Marion County Public Schools to construct a new middle school in Ocala, Florida. The project, designed to accommodate over 1,400 students, will include classrooms, a gymnasium, an auditorium, and outdoor sports facilities, addressing the growing student population in the area. Construction is set to begin in December 2025 and complete by June 2027.
Skanska is investing approximately EUR 74 million in the fifth phase of the Nowy Rynek office project in Poznań, Poland. The new building, Nowy Rynek C, will be the first commercial office in Poland with net zero CO₂ emissions at the operational stage, featuring advanced technologies like AI-enhanced systems and renewable energy sources. This project underscores Skanska’s commitment to sustainability and innovation, potentially enhancing its market position and offering significant benefits to stakeholders.
Skanska AB announced the release of its interim report for the third quarter of 2025, scheduled for November 6. The report will be presented by the company’s President and CEO, Anders Danielsson, and CFO, Jonas Rickberg, during a webcasted press and audio conference. This event is significant for stakeholders as it provides insights into Skanska’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.
Skanska has secured a USD 175 million contract with Ridgeline Development Partners to construct a residential tower and hotel in downtown Nashville, Tennessee. The project, named The Bend, will feature a 12-story residential building with 261 units and a 9-story Moxy Hotel with 188 rooms, alongside retail space. This development is expected to enhance Skanska’s presence in the US market and contribute to the urban landscape of Nashville, with completion anticipated by September 2027.
Skanska, in partnership with Railroad Construction Company, has secured a contract to build a standby power generation facility in Newark, New Jersey, valued at USD 148 million. The project aims to provide 34 megawatts of standby power for the Newark Bay Wastewater Treatment Plant, ensuring its operation during utility outages. This initiative, expected to be completed by the end of 2027, will strengthen Skanska’s position in the US construction market and enhance infrastructure resilience.
Skanska has secured a contract worth EUR 261 million to construct a 9.6-kilometer motorway near Žilina, Slovakia, which will enhance connectivity to Poland and Czechia. This project, expected to commence around late 2025 and last for approximately three and a half years, aims to improve regional traffic flow, safety, and environmental conditions by diverting heavy traffic from local roads.
Skanska has announced an investment of NOK 768 million (about SEK 730 million) in a new residential project in Bærum, Norway. The project, named Løkeberggrenda, will include 58 apartments and 28 rowhouses across 10 buildings, with construction starting in the fourth quarter of 2025 and expected completion in the fourth quarter of 2027.
Skanska has secured a USD 55 million contract to renovate a 10-story residence hall for a university in New York, which will be included in its US order bookings for the third quarter of 2025. This project, set to begin in fall 2025 and complete by 2027, underscores Skanska’s continued expansion in the US market, potentially enhancing its industry positioning and offering significant implications for stakeholders involved.
In September 2025, Skanska AB converted 19,000 Class A shares to Class B shares, reducing the total number of votes in the company to 595,635,929. This change reflects Skanska’s compliance with the Swedish Financial Instruments Trading Act and impacts the company’s voting structure, potentially influencing stakeholder dynamics.
Skanska, in collaboration with FlatironDragados, has secured a contract with Los Angeles World Airports for the initial phase of the Airfield and Terminal Modernization Program Roadway Improvements Project at Los Angeles International Airport. The contract, valued at USD 323 million, will see Skanska handling a 55 percent share worth USD 178 million. The project involves significant infrastructure work, including bridge construction, demolition, and utility relocations, with completion expected by the end of 2026.
Skanska has sold the second phase of the Brama Miasta office complex in Łódź, Poland, to Łódź Voivodeship for PLN 130M, approximately SEK 340M. This transaction, which will be included in Skanska’s third-quarter financials for 2025, highlights the company’s ongoing commitment to sustainable and inclusive development, as evidenced by the building’s LEED Gold certification and accessibility features.
Skanska has secured a contract with Statsbygg to construct a new university building for The Norwegian University of Science and Technology (NTNU) in Trondheim, Norway, valued at NOK 750 million (about SEK 710 million). This project, which will be included in Skanska’s Nordic order bookings for Q3 2025, will feature a six-story, 18,000 square meter facility designed to enhance NTNU’s academic environment for economics and innovation. The construction will commence in October 2025 and is expected to be completed by December 2027, potentially strengthening Skanska’s position in the Nordic construction market.
Skanska AB has released a report titled ‘Procurement for Impact,’ highlighting the strategic role of public procurement in driving innovation, cost efficiency, and competitiveness. The report emphasizes the need for modernizing procurement rules within the EU to enhance infrastructure resilience and efficiency, proposing seven concrete actions to achieve these goals. Skanska’s projects demonstrate that strategic procurement can lead to more efficient and cost-effective infrastructure, supporting decarbonization and energy efficiency. The company advocates for a shift towards strategic procurement methods to maximize taxpayer value and build future-ready infrastructure.
Skanska has secured an additional contract worth USD 116 million with the University of Virginia for the construction of the Paul and Diane Manning Institute of Biotechnology at Fontaine Research Park in Charlottesville, Virginia. This state-of-the-art facility, expected to be completed by the fourth quarter of 2027, will feature modular laboratory spaces and areas for collaboration among researchers and biotechnology companies, enhancing Skanska’s position in the biotechnology construction sector.