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

SKANSKA AB

(SKA B)
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Skanska : to build new commercial office building in London, UK, for GBP 72 M, about SEK 825 M

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09/10/2020 | 02:31am EDT

Skanska will begin work on the redevelopment of Norfolk House in October 2020 for its customer, Sateria Investments Limited. The contract is worth GBP 72 M, about SEK 825 M, which will be included in the order bookings for Europe in the third quarter of 2020.

As part of the project, Skanska will also install the mechanical, electrical and plumbing engineering services in the eight-storey, commercial project.

The eight-storey scheme, designed by Make Architects, will include the reconstruction of two brick and Portland Stone facades. Work will also involve additional excavation to create a deeper basement. The building is targeting environmental standards to achieve BREEAM excellent.

Construction is due to start in October of 2020 and is due to complete in September 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:

Jacob Birkeland, Head of Media Relations and Public Affairs, Skanska AB, tel +46 (0)10 449 19 57

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 USA. Driven by the Group's values, Skanska wants to contribute to a better society and provides innovative, sustainable solutions for both simple and complex assignments. The Group has about 35,000 employees, and 2019 revenue totalled SEK 177 billion.

https://news.cision.com/skanska/r/skanska-to-build-new-commercial-office-building-in-london--uk--for-gbp-72-m--about-sek-825-m,c3192013

https://mb.cision.com/Main/95/3192013/1304955.pdf

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


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Sales 2020 163 B 18 707 M 18 707 M
Net income 2020 5 074 M 582 M 582 M
Net cash 2020 3 702 M 425 M 425 M
P/E ratio 2020 14,0x
Yield 2020 3,62%
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EV / Sales 2020 0,41x
EV / Sales 2021 0,39x
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Anders Danielsson President & Chief Executive Officer
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Magnus Persson Chief Financial Officer & Executive VP
Izabela Surmacz Senior Vice President-Information Technology
Lena Charlotte Strömberg Independent Director
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