Skanska AB’s Recent Developments: A Surge in Major Contracts

In a week marked by significant contract wins, Skanska AB, a leading construction and project development company, has made headlines with its latest projects in both Sweden and the United States. Known for its expertise in commercial properties, residential projects, and public-private partnerships, Skanska continues to expand its footprint across the Nordic region, Europe, and the United States.

A New Multi-Sports Arena in Malmö

On July 7, 2025, Skanska announced a major contract with the City of Malmö to construct a new multi-sports building at the stadium area in Malmö, Sweden. The project, valued at approximately SEK 1 billion, underscores Skanska’s strong presence in the Swedish construction sector. This contract is expected to be included in Skanska’s order bookings for Sweden, reflecting the company’s ongoing commitment to enhancing sports infrastructure in the region.

Long Bridge North Project in Washington D.C.

In a significant move across the Atlantic, Skanska, in collaboration with FlatironDragados, has secured a contract with the Virginia Passenger Rail Authority for the Long Bridge North project in Washington D.C., USA. The project, valued at USD 658 million (approximately SEK 6.7 billion), involves Skanska’s participation in a joint venture, highlighting its strategic partnerships in large-scale infrastructure projects. The Long Bridge North project is set to be a cornerstone in the development of the region’s transportation network, with Skanska’s involvement expected to span over five years.

Office Space Expansion in Washington D.C.

Further cementing its presence in the United States, Skanska has signed a 14-year lease for approximately 5,100 square meters plus parking in its 11-floor office building, 17xM, in Washington D.C. This lease agreement, booked in the second quarter of 2025, demonstrates Skanska’s strategic investment in its operational infrastructure in the U.S., ensuring a strong base for its ongoing and future projects.

Financial Overview

As of May 29, 2025, Skanska’s close price on the Swedish Stock Exchange was SEK 232.7, with a 52-week high of SEK 260.2 and a low of SEK 182.65. These recent contract wins are likely to have a positive impact on Skanska’s financial performance, reflecting investor confidence in the company’s growth trajectory and strategic project acquisitions.

In summary, Skanska AB’s recent contract wins in both Sweden and the United States highlight its robust position in the construction and engineering sector. With significant projects underway, Skanska is poised to continue its growth and expansion, reinforcing its reputation as a leader in the industry.