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.
Skanska AB ser. BSkanska won a US$84 million Georgia data center construction contract, adding to Q3 2026 order bookings and its record SEK 268 billion backlog.
Central Holding Group Co Ltd
