Edition:
India

Skanska AB (SKAb.ST)

SKAb.ST on Stockholm Stock Exchange

160.90SEK
5:18pm IST
Change (% chg)

-0.60kr (-0.37%)
Prev Close
161.50kr
Open
161.95kr
Day's High
162.25kr
Day's Low
160.50kr
Volume
1,049,415
Avg. Vol
1,641,691
52-wk High
229.70kr
52-wk Low
156.90kr

Latest Key Developments (Source: Significant Developments)

Skanska: bulk of new restructuring costs relate to European operations
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Skanska AB CEO Anders Danielsson and CFO Peter Wallin in a conference call with analysts and media::MAJOR PART OF THE 1 BILLION SEK RESTRUCTURING ANNOUNCED ON WEDNESDAY WILL BE IN EUROPE.U.S. TAX REFORM HAS NO IMPLICATIONS FOR SKANSKA IN TERMS OF ONE-OFFS, GOING FORWARD IT WILL BE BENEFICIARY FOR SKANSKA.THE ANNOUNCED 400 MILLION SEK PROJECT WRITEDOWNS IN POLAND RELATE PREDOMIANTLY TO PROJECTS BEING CLOSED DURING Q4 AND RELATE TO COST ESCALATIONS IN A VERY HOT MARKET.  Full Article

Skanska picks new CFO, shuffles leadership team
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Skanska AB ::CHANGES IN SKANSKA'S LEADERSHIP TEAM.SKANSKA AB SAYS ‍MAGNUS PERSSON, EXECUTIVE VICE PRESIDENT WILL BECOME CHIEF FINANCIAL OFFICER - PREVIOUSLY CHIEF FINANCIAL OFFICER, SKANSKA SWEDEN​.SKANSKA AB SAYS ‍PAUL HEWINS, TODAY COO SKANSKA USA BUILDING, SUCCEEDS RICHARD KENNEDY AS BUSINESS UNIT PRESIDENT SKANSKA USA BUILDING​.SKANSKA AB SAYS ‍MAGNUS PERSSON, TODAY EXECUTIVE VICE PRESIDENT SKANSKA POLAND WITH RESPONSIBILITY FOR BUILDING OPERATIONS, SUCCEEDS PIOTR JANISZEWSKI AS BUSINESS UNIT PRESIDENT SKANSKA POLAND.SKANSKA AB SAYS ‍A REVIEW OF GROUP GOVERNANCE IN ORDER TO REDUCE COSTS AND INCREASE ORGANIZATIONAL EFFECTIVENESS HAS BEEN INITIATED​​.  Full Article

Skanska issues profit warning, announces restructuring actions to improve profitability
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Skanska AB ::SKANSKA PRESENTS PRELIMINARY YEAR-END RESULTS AFTER TAKING CHARGES RELATED TO RESTRUCTURING AND PROPOSE MAINTAINED DIVIDEND.SAYS ‍FOLLOWING A STRATEGIC REVIEW INITIATED IN FALL 2017 SKANSKA WILL UNDERTAKE A COMPREHENSIVE RESTRUCTURING TO IMPROVE PROFITABILITY​.SAYS ‍REVIEW AND FOLLOWING CHANGES RESULT IN A CHARGE OF A TOTAL OF ABOUT SEK 1.1 BILLION IN Q4, AND ABOUT SEK 600 M IN 2018​.SAYS ‍OPERATING INCOME FOR FULL-YEAR 2017 IS EXPECTED TO BE ABOUT SEK 5.3 BILLION CORRESPONDING TO EARNINGS PER SHARE OF SEK 12​.SAYS ‍SKANSKA'S BOARD OF DIRECTORS PROPOSE A MAINTAINED DIVIDEND OF SEK 8.25 PER SHARE​.SAYS ‍IN ORDER TO IMPROVE PROFITABILITY SKANSKA WILL REDUCE SIZE OF UNPROFITABLE BUSINESS UNITS AND INCREASE FOCUS ON COST CONTROL AND RISK MANAGEMENT​.SAYS ‍WILL ALSO MAKE A NUMBER OF ORGANIZATIONAL AND LEADERSHIP CHANGES​.SAYS ‍DUE TO UNSATISFACTORY PERFORMANCE OF SEVERAL CONSTRUCTION UNITS SKANSKA WILL TAKE FOLLOWING ACTIONS​.SAYS ‍RESTRUCTURE CONSTRUCTION OPERATIONS IN POLAND, LEAVE POWER SECTOR IN USA, FOCUS ON CORE BUSINESS IN UK AND CONTINUE TO ADAPT TO TOUGHER MARKET CONDITIONS IN CZECH REPUBLIC​.SAYS ‍SKANSKA'S NORDIC CONSTRUCTION UNITS CONTINUE TO DELIVER STRONG RESULTS​.SAYS ‍IN RESIDENTIAL AND COMMERCIAL PROPERTY DEVELOPMENT OPPORTUNITIES AND GROWTH AMBITIONS REMAIN​.SAYS ‍DUE TO A THIN PROJECT PIPELINE IN EUROPE INFRASTRUCTURE DEVELOPMENT WILL REDUCE ORGANIZATION AND MAINLY FOCUS ON OPPORTUNITIES IN USA​.  Full Article

Skanska wins hospital building order in Karlskrona worth around 330 mln SEK
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Skanska AB ::SKANSKA BUILDS A NEW HOSPITAL BUILDING IN KARLSKRONA, SWEDEN, FOR ABOUT SEK 330M.  Full Article

Skanska to build $68 mln U.S. research facility
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Skanska Ab ::SKANSKA BUILDS RESEARCH FACILITY IN VIRGINIA, USA, FOR USD 68 mln, ABOUT SEK 580M.  Full Article

Skanska gets U.S. office build contract worth $40 mln
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Skanska Ab ::SKANSKA BUILDS MEDICAL OFFICE BUILDING IN FRANKLIN, USA, FOR USD 40M, ABOUT SEK 340M.  Full Article

Skanska wins $81 mln U.S. manufacturing facility contract
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Skanska AB ::SKANSKA SIGNS ADDITIONAL CONTRACT FOR MANUFACTURING FACILITY IN WESTERN USA FOR USD 81M, ABOUT SEK 690M.  Full Article

Skanska wins $100 mln building contract in Madisonville, USA
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Skanska AB ::SKANSKA BUILDS MIXED-USE DEVELOPMENT IN MADISONVILLE, USA, FOR USD 100M, ABOUT SEK 850M.  Full Article

Skanska wins order worth around SEK 1.5 bln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Skanska ::SKANSKA BUILDS GRADUATE STUDENT HOUSING IN SAN FRANCISCO, USA, FOR USD 170M, ABOUT SEK 1.5 BILLION.  Full Article

Skanska invests 50 mln euro in office project in Poland
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Skanska ::SKANSKA INVESTS EUR 50M, ABOUT SEK 480M, IN THE SECOND PHASE OF AN OFFICE PROJECT IN WARSAW, POLAND.  Full Article

BRIEF-Skanska: bulk of new restructuring costs relate to European operations

Jan 17 Skanska AB CEO Anders Danielsson and CFO Peter Wallin in a conference call with analysts and media: