OM:SKA BConstruction
Skanska’s New U.S. Contracts And Potential Upside To Valuation Estimates
Skanska has secured a US$1b contract for the North Station Draw One Bridge replacement and associated rail upgrades in Boston.
The company also won a US$305m project to expand a university computer science and technology center in New Jersey.
These U.S. wins add sizeable civil and educational construction work to Skanska's existing order book.
For investors watching OM:SKA B, these contracts arrive with the share price at SEK250.9 and a 1-year return of 18.1%. Over 3 years the stock is up...