Skanska

Skanska AB

Type	Publicly traded Aktiebolag
Traded as	Nasdaq Stockholm: SKA B
Industry	Construction
Founded	1887; 130 years ago (1887)
Headquarters	, Sweden
Key people	Johan Karlström (President and CEO) Hans Biörck (Chairman)
Products	Residential development, commercial property development and infrastructure development
Revenue	SEK 153.049 billion (2015)
Operating income	SEK 6.290 billion (2015)
Profit	SEK 4.791 billion (2015)
Total assets	SEK 97.667 billion (end 2015)
Total equity	SEK 24.206 billion (end 2015)
Number of employees	48,470 (average, 2015)
Website	www.skanska.com
Footnotes / references Financial data according to IFRS

Skanska AB (Swedish pronunciation: [ˈskanːˈska]) is a multinational construction and development company based in Sweden. Skanska is the fifth largest construction company in the world according to the Construction Global magazine. Notable Skanska projects include the World Trade Center Transportation Hub project, 30 St Mary Axe, MetLife Stadium, Mater Dei Hospital, among others.

Aktiebolaget Skånska Cementgjuteriet (Scanian Cement Casting Ltd) was established in Malmö, Sweden, in 1887 by Rudolf Fredrik Berg and started by manufacturing concrete products. It quickly diversified into a construction company and within 10 years the company received its first international order. The company played an important role in building Sweden’s infrastructure including its roads, power plants, offices and housing.

Growth in Sweden was followed by international expansion. In the mid-1950s Skånska Cementgjuteriet made a major move into international markets. During the next decades it entered South America, Africa and Asia, and in 1971 the United States market, where it today ranks among the largest in its sector. The company was listed on the A-list in 1965. In 1984 the name “Skanska,” already in general use internationally, became the Group’s official name.

During the latter part of the 1990s, Skanska expanded substantially both organically and by acquisition. In August 2000 it bought the construction division of Kvaerner.

In mid-2004, Skanska decided to divest its Asian investments and sold its Indian subsidiary to the Thailand based construction firm Italian Thai Development Company.