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    SKA B   SE0000113250

SKANSKA AB

(SKA B)
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Skanska : builds school in Malm÷, Sweden, for about SEK 400M

10/06/2021 | 01:31am EST

Skanska has signed a contract with Stadsfastigheter in Malmö to build a new upper secondary school in Malmö, Sweden. The contract is worth about SEK 400M, which will be included in the order bookings for Sweden for the third quarter 2021.

The new school will be four stories high and will have a total area of almost 15,000 square meters. The new building includes school premises, a canteen and a café. The upper secondary school will be the first in many years to be built in the city and will have a capacity for 1,200 students.

Skanska and Stadsfastigheter i Malmö have collaborated early and investigated functions and elements, from urban planning issues and design down to specific functions. Thus, environmental aspects, aesthetics and functional requirements have been clarified and cost-effective solutions developed without sacrificing high quality.

Construction work will start in October 2021 and the school is expected to be operational by autumn 2024.

Skanska is one of the leading construction- and project development 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 had sales of about SEK 66 billion and about 14,800 employees in its Nordic operations during 2020.

For further information please contact:

Olof Rundgren, Media Relations Manager, Skanska AB, tel +46 (0)10 448 67 94

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 in select markets throughout the Nordic region, Europe, and the USA. Driven by the Group's values, Skanska contributes to a better society by providing innovative and sustainable solutions. The Group has about 32,500 employees, and 2020 revenue totaled SEK 159 billion.

https://news.cision.com/skanska/r/skanska-builds-school-in-malmo--sweden--for-about-sek-400m,c3427757

https://mb.cision.com/Main/95/3427757/1477402.pdf

https://news.cision.com/skanska/i/image-20211006-se-school-malmo,c2964192

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Sales 2021 142 B 15 682 M 15 682 M
Net income 2021 7 188 M 796 M 796 M
Net cash 2021 4 926 M 545 M 545 M
P/E ratio 2021 12,2x
Yield 2021 4,41%
Capitalization 86 708 M 9 532 M 9 597 M
EV / Sales 2021 0,58x
EV / Sales 2022 0,51x
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