Press release 📈 Stocks 🌍 Norway ISIN SE0000113250

Skanska Secures NOK 320 Million Contract for Norwegian Care Center

Skanska lands a NOK 320 million order to build an 8,000-square-meter care facility in Egersund, Norway, with construction slated to begin in November 2026.

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📆 Mid-term 🌍 SE · Explicit

Skanska has secured a contract worth NOK 320 million (approximately SEK 310 million) with Eigersund Municipality to design and construct the Langevann care and nursing center in Norway. This project, which involves an 8,000-square-meter facility, will be officially recognized in the company's order intake for the fourth quarter of 2026, reinforcing its project pipeline in the Nordic region.

Catalysts
  • ▲ Securing a NOK 320M contract for the Langevann care center project
  • ▲ Planned construction start in November 2026
Risk Factors
  • ▼ Potential construction delays between the 2026 start and 2029 completion date
  • ▼ Fluctuations in currency exchange rates between NOK and SEK affecting reported revenue
▼ Show FAQ (3) ▲ Hide FAQ
What is the total value of the Eigersund contract?

The contract is valued at NOK 320 million, which is approximately SEK 310 million.

When will this project impact Skanska's financial reporting?

The contract value will be included in the order intake for the Nordic region in the fourth quarter of 2026.

What is the timeline for the Langevann project?

Construction is scheduled to begin in November 2026, with completion expected in January 2029.

🎯 Key Takeaways

  • Skanska will build the 8,000-square-meter Langevann care center in Egersund, Norway.
  • The NOK 320 million contract is scheduled to be recorded in the Q4 2026 order intake.
  • Construction is set to commence in November 2026, with project completion expected by January 2029.

📝 Executive Summary

Skanska has signed a contract with Eigersund Municipality to design and construct the Langevann care center in Norway. The project, valued at NOK 320 million, will be included in the company's order intake for the fourth quarter of 2026.

❓ FAQ

What is the scope of the Skanska project in Norway?

The project involves designing and building the Langevann care center, which includes 60 residential rooms, a day activity center, and a production kitchen.