Skanska AB ser. B (0HBT.LSE) — News & Stock Impact

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Skanska Wins US$84 Million Georgia Data Center Contract

Skanska has secured a US$84 million contract to build a large data center in Georgia, expanding its US construction pipeline and adding to third quarter 2026 order bookings. The win joins a cluster of sizeable infrastructure and office projects in Norway and Poland, and the company's record-high order backlog stands at SEK 268 billion, equal to 19 months of production, with book-to-bill ratios above 100% across all geographies. On the most followed valuation view, Skanska's fair value of SEK277.50 sits just below the latest close of SEK280.60, leaving the stock about 1% overvalued, while it still trades at an intrinsic value discount of roughly 18%. The shares trade on 17.5x earnings, above the European Construction average of 15.5x but below the peer average of 19.7x and a fair ratio of 24.8x. Weak Nordic property markets and delayed US commercial asset sales could pressure margins and cash generation if those conditions persist longer than analysts expect.

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0HBT.LSE · Demand · Positive Skanska won a US$84 million Georgia data center construction contract, adding to Q3 2026 order bookings and its record SEK 268 billion backlog.

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Skanska signs $68 million medical office building contract with UNC Health

Skanska has secured an additional $68 million contract with UNC Health to build a new medical office building and parking deck in North Carolina. The project, which began in June 2026 and is expected to close in April 2028, includes a six-floor, approximately 17,700-square-meter medical office building and an 890-space parking deck, along with site development, infrastructure, and early equipment. The contract will be included in Skanska's US order booking for the third quarter of 2026.

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0HBT.LSE · Demand · Positive Skanska secures a $68 million contract with UNC Health, boosting its order book.

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European Shares Inch Lower Amid Tech Selloff and Inflation Worries

European stocks traded lower on Friday as AI-driven jitters continued to weigh and the Persian Gulf conflict dragged on. The pan-European STOXX 600 fell 0.7 percent to 639.27, with the German DAX dipping 0.8 percent and France's CAC 40 shedding 0.9 percent, while the U.K.'s FTSE 100 was marginally higher, led by energy stocks such as BP Plc and Shell. Tech stocks suffered heavy losses, with Infineon Technologies falling 6 percent and ASML Holding declining 4.7 percent. Oil prices headed for a 10 percent weekly gain amid escalating Middle East tensions, as Tehran launched strikes against several countries across the Gulf and wider region after the U.S. launched a wave of strikes against Iran for the sixth night in a row over control of the Strait of Hormuz. Among individual movers, Swedish builder Skanska fell 2.3 percent after reporting second-quarter revenue in line with expectations, while industrial bearings maker SKF slumped 5.5 percent after second-quarter sales came in flat, and Saab surged 4.8 percent after reporting a sharp rise in second-quarter earnings.

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0HBT.LSE · Demand · Negative Revenue in line with expectations, no growth catalyst.

0NWW.LSE · Demand · Negative Second-quarter sales flat, indicating weak demand.

0NWX.LSE · Demand · Negative Second-quarter sales flat, indicating weak demand.

ASML.AS · Technology · Negative Tech selloff driven by AI jitters, ASML fell 4.7%

IFX.XETRA · Technology · Negative Tech selloff driven by AI jitters, Infineon fell 6%

BP.LSE · Geopolitics · Positive Oil prices rise on Middle East tensions, benefiting energy stocks.

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Skanska Q2 Net Income Rises to 2.57 Billion Kronor

Skanska reported a rise in second-quarter net income to 2.57 billion Swedish kronor from 1.68 billion kronor a year earlier. Earnings per share according to IFRS was 6.17 kronor compared to 4.05 kronor. Segment profit increased to 1.79 billion kronor from 1.53 billion kronor, with segment earnings per share of 4.27 kronor versus 3.69 kronor. Segment operating income grew 17 percent to 2.1 billion kronor. Revenue according to IFRS was 48.03 billion kronor compared to 46.16 billion kronor last year, while segment revenue was 44.56 billion kronor against 44.55 billion kronor, up 1 percent adjusted for currency effects.

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0HBT.LSE · Capital · Positive Net income, segment profit, and revenue all rose year-over-year, indicating strong financial performance.

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Skanska signs USD 325 million contract for Cincinnati convention center hotel

Skanska has signed a contract worth USD 325 million, about SEK 3.0 billion, with a Portman Holdings managed entity to build a new Cincinnati Marriott hotel adjacent to the Convention Center in downtown Cincinnati, Ohio. The 21-story high-rise will span 61,400 square meters and include 700 rooms, a rooftop terrace, conference rooms, flexible meeting space, ballrooms, ground floor retail, and a skybridge connecting to the convention center and parking areas. Construction begins in June 2026 and is expected to be completed by the end of 2028. The contract will be included in Skanska's US order bookings for the second quarter of 2026.

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0HBT.LSE · Demand · Positive Skanska signed a $325M construction contract for the hotel.

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