|Bid||243.10 x 0|
|Ask||243.20 x 0|
|Day's Range||240.40 - 243.70|
|52 Week Range||164.50 - 259.40|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||10.24|
|Forward Dividend & Yield||6.50 (2.82%)|
|Ex-Dividend Date||Mar 31, 2021|
|1y Target Est||163.13|
STOCKHOLM (Reuters) -Sweden's Skanska on Friday reported a jump in second-quarter profit as building activity rebounds, boosting its shares despite warning of rising pressure on its supply chain. The Nordic region's largest builder and one of the biggest in the United States posted an operating profit of 2.34 billion crowns ($269.5 million) versus 845 million a year earlier when the pandemic halted much of the industry. The result lagged pre-pandemic 2019, when Skanska posted a second-quarter profit of 2.74 billion crowns, but investors cheered the performance, with Skanska's shares up 6% at 0800 GMT.
Skanska has sold their remaining 10 percent ownership stake in Bank of America Tower in Houston, Texas, USA, for approximately USD 24M, about SEK 200M, to an affiliate of Beacon Capital Partners. The transaction will be recorded by Skanska USA Commercial Development in the third quarter 2021. The transfer of ownership of the property is also expected to occur in the third quarter 2021.
Skanska has signed a contract to make improvements to an existing corporate campus in Long Island, New York, USA, worth USD 248M, about SEK 2.1 billion, which will be included in the US order bookings for the second quarter 2021.