Skanska AB Series B

Skanska is a project development and construction group, concentrated on selected home markets in the Nordic region, European countries and in the Americas. Co.'s business streams are: construction, which includes building and civil construction; residential development, which develops residential projects for immediate sale; commercial property development, which initiates, develops, leases and divests commercial property projects, with project development focusing on office buildings, retail and logistics properties; and infrastructure development, engaged in identifying, developing and investing in privately financed infrastructure projects, such as highways, hospitals and schools.
  • TickerSKA B
  • ISINSE0000113250
  • ExchangeNasdaq Nordic Stockholm
  • SectorConstruction & Materials
  • CountrySweden

Skanska AB: 1 director bought

A director at Skanska AB bought 500,000 shares at 184.358SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Simen Mortensen

Skanska (Sell, TP: SEK160.00) - Faster crystallisation of downside risk

Skanska reported Q2 slightly below Infront consensus, but well below our forecasts. Revenues were much lower in Construction due to Covid-19 effects in Europe. In CD, we expected a low-season quarter with few sales due to Covid-19, but EBIT was weaker than we expected. RD was also hit by low sales due to Covid-19, but a reversal of provisions led to an EBIT beat. We have made minor changes to our forecasts, but remain well below consensus. The Q2 report revealed that the downside risk to revenues and EBIT margins is crystallising much faster than we expected. We reiterate our SELL and SEK160 t...

Staffan Bulow ...
  • Tobias Kaj

Skanska - Estimate potential from development streams

Negative margin from COVID-19 to diminish in ´21e Adjusted net cash grew to SEK 6.8bn (-2.8bn in Q2´19) CD & RD better than expected

Staffan Bulow ...
  • Tobias Kaj

Skanska - Impressive margin in RD but weaker in Constr.

EBIT at SEK 845m – 4% below of consensus RD EBIT of SEK 194m – 51% ahead of consensus Strong balance sheet and low earnings volatility

Skanska AB: 1 director bought

A director at Skanska AB bought 500,000 shares at 184.358SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Simen Mortensen

Skanska (Sell, TP: SEK160.00) - Faster crystallisation of downside risk

Skanska reported Q2 slightly below Infront consensus, but well below our forecasts. Revenues were much lower in Construction due to Covid-19 effects in Europe. In CD, we expected a low-season quarter with few sales due to Covid-19, but EBIT was weaker than we expected. RD was also hit by low sales due to Covid-19, but a reversal of provisions led to an EBIT beat. We have made minor changes to our forecasts, but remain well below consensus. The Q2 report revealed that the downside risk to revenues and EBIT margins is crystallising much faster than we expected. We reiterate our SELL and SEK160 t...

Staffan Bulow ...
  • Tobias Kaj

Skanska - Estimate potential from development streams

Negative margin from COVID-19 to diminish in ´21e Adjusted net cash grew to SEK 6.8bn (-2.8bn in Q2´19) CD & RD better than expected

Staffan Bulow ...
  • Tobias Kaj

Skanska - Impressive margin in RD but weaker in Constr.

EBIT at SEK 845m – 4% below of consensus RD EBIT of SEK 194m – 51% ahead of consensus Strong balance sheet and low earnings volatility

Anders Idborg ...
  • Erik Moberg
  • Haakon Amundsen
  • Karl Bokvist
  • Mads Thinggaard
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - FLSmidth (Hold): No longer deep value, down to HOLD

Retail: SWE food retail (sector report): slower momentum ahead Expect orders -22%, margin 3.1% (8.9%) Execution remains a question mark, down to HOLD

Staffan Bulow ...
  • Tobias Kaj

Skanska - Weaker Q2 after record-high EBIT in Q1

EBIT to fall to SEK 880m Q2e (2,933m) after strong Q1 Can Construction margin withstand COVID-19? Strong balance sheet and low earnings volatility

Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Helene Kvilhaug Brøndbo ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mats Bye
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Skanska - AGM 26 March 2020

In general, Skanska is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEMS 14a-14g, the (re-)election of the board of directors is proposed. In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. Pär Boman (ITEM 14b), Mr. Fredrik Lundberg (ITEM 14d) and Ms. Jayne McGivern (ITEM 14f). Under ITEM 16 the board of directors seeks approval of the Company's remuneration guidelines. As the proposed remuneration structure is NOT in line with its guidelines, ECGS re...

Expert Corporate Governance Service (ECGS)

Skanska, March 28, 2019

In general, Skanska is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 13, the nomination committee proposes to increase the remuneration of the board of directors by approximately 3.0%. In ECGS' view, the current fees are already at the upper level of Swedish market practice for a company with the size and complexity of Skanska and it therefore does not approve of any increases without adequate justification. Since the proposal is not adequately justified, ECGS recommends to vote OPPOSE. Under ITEMS 14a-14g, th...

Skanska – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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