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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Skanska    SKA B   SE0000113250

SKANSKA (SKA B)
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Skanska : builds tunnel in Norway for NOK 622 M, about SEK 640 M

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01/11/2019 | 08:02am EST

Skanska Norway has signed a contract with the Norwegian Public Road Authority (NPRA) to build a tunnel on E69 in Finnmark county, Norway. The contract is worth about NOK 622 M, about SEK 640 M, which will be included in the Nordic order bookings for the first quarter 2019.

The project includes the 3.5 kilometer long Skarvberg tunnel and an additional 3.8 kilometers of new road. The project aims to secure the highly exposed road section of the E69 towards Nordkapp against avalanches. In addition to the new tunnel, Skanska will build two major avalanche embankments to secure the road.

Construction starts in April 2019. The new tunnel will open by the autumn of 2021.

Skanska is one of the leading development and construction companies in the Nordics, with operations in building construction and civil engineering in Sweden, Norway and Finland, and developing residential- and commercial property projects in select home markets. The commercial development stream is also active in Denmark. Skanska offers services in public-private partnerships. Skanska had sales of about SEK 65 billion and more than 15,000 employees in its Nordic operations during 2017.

For further information please contact:

Audun Brandt Lågøyr, Communications Director, Skanska Norway, tel +47 40 00 64 00

Patric Elmén, Acting Head of Media Relations, Skanska AB, tel: +46 (0)10-449 31 34

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

Skanska is one of the world's leading construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

http://news.cision.com/skanska/r/skanska-builds-tunnel-in-norway-for-nok-622-m--about-sek-640-m,c2715456

https://mb.cision.com/Main/95/2715456/975201.pdf

(c) 2019 Cision. All rights reserved., source Press Releases - English

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Financials (SEK)
Sales 2018 168 B
EBIT 2018 4 924 M
Net income 2018 4 044 M
Finance 2018 573 M
Yield 2018 5,14%
P/E ratio 2018 16,09
P/E ratio 2019 12,79
EV / Sales 2018 0,37x
EV / Sales 2019 0,38x
Capitalization 63 307 M
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Number of Analysts 8
Average target price 164  SEK
Spread / Average Target 3,7%
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Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer
Jaroslaw Urbanczyk Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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