Skanska AB Announces Major Contracts and Investments

Data Center Project in the USA

Skanska AB, a leading construction and project development company, has secured a significant contract for a data center project in the Western United States. The project, valued at USD 164 million (approximately SEK 1.7 billion), will be included in the company’s US order bookings for the second quarter of 2025. This contract is part of Skanska’s ongoing expansion in the data center sector, reflecting the growing demand for data infrastructure.

The data center project will cover 33,400 square meters and will be developed in four phases, with a total power capacity of 36 megawatts. This development underscores Skanska’s expertise in large-scale construction projects and its strategic focus on the US market.

Residential Project Investment in Prague, Czech Republic

In addition to its US activities, Skanska has announced an investment of CZK 851 million (approximately SEK 380 million) in the first phase of a new residential project in Prague, Czech Republic. The project, named Habitat, will include 124 low-energy apartments and six commercial spaces. The construction contract for this phase is valued at CZK 699 million (approximately SEK 310 million).

This investment highlights Skanska’s commitment to sustainable residential development and its strategic presence in the European market. The project aligns with Skanska’s focus on environmentally friendly construction practices and its efforts to meet the increasing demand for sustainable housing solutions.

Infrastructure Development in Gothenburg, Sweden

Skanska has also secured a contract with Trafikverket for the reconstruction of part of Lundbyleden in Gothenburg, Sweden. The contract, valued at approximately SEK 880 million, involves comprehensive works including road, railway, and bridge construction. This project is part of Skanska’s ongoing efforts to enhance infrastructure in Sweden and demonstrates its capability in managing complex civil engineering projects.

The Lundbyleden project is expected to improve transportation efficiency and connectivity in the region, reflecting Skanska’s role in supporting Sweden’s infrastructure development.

Company Overview

Skanska AB is a prominent player in the construction and engineering sector, with a strong presence in the Nordic region, Europe, and the United States. Listed on the Swedish Stock Exchange, the company has a market capitalization of SEK 89.64 billion and a price-to-earnings ratio of 16.71. Skanska specializes in commercial property development, residential projects, and public-private partnerships, positioning itself as a leader in sustainable construction practices.

As of May 4, 2025, Skanska’s share price closed at SEK 225.6, with a 52-week high of SEK 262.5 and a low of SEK 180.45. These recent contracts and investments are expected to positively impact Skanska’s financial performance and reinforce its market position in the coming quarters.