|Bid||165.65 x 0|
|Ask||165.70 x 0|
|Day's Range||165.45 - 166.60|
|52 Week Range||152.65 - 192.20|
|PE Ratio (TTM)||23.29|
|Forward Dividend & Yield||8.25 (5.21%)|
|1y Target Est||178.38|
Shares in Skanska (SKAb.ST) slid on Friday after the Swedish builder reported an unexpected drop in second-quarter profit due to new project writedowns at its struggling U.S. construction business. Operating profit at the Nordic region's biggest builder, and one of the largest in the United States, fell 11 percent to 1.29 billion crowns ($145.1 million), the third quarterly fall in a row. The company said its construction division, which books the bulk of group sales and which has made large writedowns in the United States and Poland in recent quarters, booked additional writedowns at its U.S. business of about 520 million crowns for cost overruns in a civil construction project.
Shares in Skanska slid on Friday after the Swedish builder reported an unexpected drop in second-quarter profit due to new project writedowns at its struggling U.S. construction business. Operating profit at the Nordic region's biggest builder, and one of the largest in the United States, fell 11 percent to 1.29 billion crowns ($145.1 million), the third quarterly fall in a row.
One of the biggest contractors in the U.S. is a Swedish company called Skanska AB. Lena Hok, Skanska’s senior vice president sustainability, says there are plenty of ways to promote a green business agenda in the U.S. even if President Donald Trump has said he plans to exit the Paris climate accord.
Billions of dollars in new development is going up in some of the riskiest locations. Some developers are putting climate resilience front and center, while others are putting their projects and investors at risk.
Norway's private-sector trade unions reached a deal on Sunday with employers over wages, pensions and other compensation, averting the outbreak of major strikes, a state-appointed mediator said after five days of negotiations. Almost 35,000 employees had been scheduled to go on strike if no agreement was found, and a conflict could eventually have escalated to include more than 200,000 workers. A strike would immediately have idled aluminium smelters, fertiliser plants, ship yards and chemical factories, and could eventually have been extended to hit output of oil and gas, unions said ahead of the talks.
Norwegian companies and private-sector trade unions will extend negotiations on wages, pensions and other compensation past a midnight deadline (2200 GMT) in a bid to avert a strike by 35,000 workers, a mediator said late on Saturday. Both trade unions and employers must make further concessions if they want to prevent a strike, he added.
The Cincinnati office of Skanska has signed a construction contract for a mixed-use project worth $100 million. Skanska signed a contract with RBM Development to manage the construction of a new mixed-use development in Madisonville.
NEW YORK (AP) — Construction on a Greek Orthodox church to replace one that was crushed in the Sept. 11 attacks has been temporarily suspended amid rising costs and questions over how donations have been managed.
NEW YORK (AP) — The Latest on the halted construction at a church that was destroyed on Sept. 11, 2001 (all times local):
Skanska's (SKAb.ST) Chief Executive Johan Karlstrom will step down in April 2018 after a decade at the helm of the Swedish construction company that built the bridge linking Sweden and Denmark. Karlstrom, who joined Skanska in 1983 and has been chief executive since 2008, said his decision to leave was not based on any disagreements with the board about strategy. Karlstrom, 61, said he would resign from the Skanska board at its April annual shareholder meeting but would stay on as a senior adviser until the end of January 2019, the resignation date stipulated in his contract.