Skanska tightens its climate target
/PRNewswire/ -- Skanska is updating its climate target to include a reduction of the company's own carbon emissions by 70 percent as early as 2030, with 2015...
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/PRNewswire/ -- Skanska is updating its climate target to include a reduction of the company's own carbon emissions by 70 percent as early as 2030, with 2015...
/PRNewswire/ -- Skanska has joined the climate initiative Leadership Group for Industry Transition (LeadIT) that gathers countries and leading companies...
Dive Brief: During its first-quarter 2021 earnings presentation, Skanska announced that its year-over-year quarterly revenue decreased by 10% overall to 34.4 billion Swedish krona ($4.1 billion), with its construction operations experiencing a 12% reduction in revenue to 29.4 billion krona, when factoring in currency effects. During the company's conference call with analysts, Anders Danielsson, Skanska's president and CEO, pointed to the strength of its construction business, despite the effects of the COVID-19 pandemic, highlighting a gross operating margin of 722 krona, a 23% increase fro...
Officials in Stockholm have launched an inquiry over a James Bond-themed party for Sapo, the national spy agency in Sweden. According to the Dagens Nyheter newspaper, the lavish event last summer cost the Swedish government some SEK 5.3 million (EUR 639,000). Those in attendance were treated to casino games, a gala dinner and several famous entertainers including comedians and actors. But despite pressure from the central government, officials from Sapo said that the party was an exception from the norm. Sapo head Anders Thornberg told reporters from Dagens Nyheter, “This was a unique and e...
Skanska’s group revenue dropped by a tenth to SEK 158.6bn (£13.7bn) following coronavirus disruptions. In its results for the year to 31 December 2020, the company blamed the drop from SEK 176.8bn (£15.3bn) on COVID-19 disruptions, particularly in Europe and the USA, and on clients deciding to “postpone ramp-up of new projects”. Skanska also bid more selectively in the year with the aim of achieving a higher profit, its management said, which also contributed to the fall in revenue. The group’s profit rose to SEK 9.3bn (£805m) from SEK 6.4bn (£554m) the previous year. The company ...