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

SKANSKA AB

(SKA B)
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Skanska : invests EUR 65 M , about SEK 670 M, in a new office complex in Budapest, Hungary

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08/07/2020 | 01:31am EDT

Skanska invests EUR 65 M, about SEK 670 M, in the first phase of the new office complex H2Offices located in Budapest, Hungary. It will offer a total leasable area of about 26,000 square meters. The construction contract is worth about EUR 39.5 M, about SEK 406 M, which will be included in the order bookings for Europe in the third quarter 2020.

H2Offices complex consists of 3 buildings. It is located in the 13[th] district of Budapest, in the heart of Váci Corridor, the new City Centre of the city, offering excellent location in direct vicinity to a public transportation hub. The project is aiming for WELL and LEED Platinum certifications and will be the second WELL certified Skanska project in Hungary.

Construction works of the first phase will start in the third quarter of 2020 and are scheduled for completion in the third quarter of 2022.

Skanska is one of the leading development- and construction companies in Europe. Outside the Nordics, the company has operations in building construction and civil engineering in Poland, Czech Republic & Slovakia and the UK. Skanska develops commercial properties in select home markets in Poland, Czech Republic, Romania and Hungary, while residential development is active in Poland, Czech Republic and in the UK with the BoKlok concept. In 2019, Skanska had sales of SEK 33 billion and about 11,700 employees in its European operations outside the Nordics.

For further information please contact:

Aleksandra Markiewicz, Communication Manager, Skanska commercial development business in CEE, tel +48 797 229 147

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0) 10 44 91 957 (http://tel:+46104491957)

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 a world leader in construction and project development on select markets in the Nordic region, Europe and USA. Driven by the Group's values, Skanska wants to contribute to a better society. Skanska provides innovative, sustainable solutions for both simple and complex assignments. Skanska has about 35,000 employees, and 2019 revenue totalled SEK 177 billion.

https://news.cision.com/skanska/r/skanska-invests-eur-65-m---about-sek-670-m--in-a-new-office-complex-in-budapest--hungary,c3164997

https://mb.cision.com/Main/95/3164997/1288018.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 164 B 18 759 M 18 759 M
Net income 2020 5 543 M 634 M 634 M
Net cash 2020 3 773 M 431 M 431 M
P/E ratio 2020 13,6x
Yield 2020 3,46%
Capitalization 74 408 M 8 515 M 8 508 M
EV / Sales 2020 0,43x
EV / Sales 2021 0,41x
Nbr of Employees 32 455
Free-Float 85,0%
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Number of Analysts 5
Average target price 196,00 SEK
Last Close Price 180,60 SEK
Spread / Highest target 32,9%
Spread / Average Target 8,53%
Spread / Lowest Target -11,4%
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Anders Danielsson President & Chief Executive Officer
Hans Torsten Gunnar Biörck Chairman
Magnus Persson Chief Financial Officer & Executive VP
Izabela Surmacz Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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