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Sweden Skanska’s builder and developer based in Sweden Backlog-High of record As its construction division continued to see a strong demand, particularly in infrastructure, data centers and public projects.
“We are well positioned when it comes to [data centers,] Especially in the United States, where we see the strongest activity, “said Anders Danielsson, CEO of Skanska, during the company’s earnings call on Friday. “There are several customers, repeat customers, who want to create -.”
Danielsson added that other Skanska portfolio growth sectors include traditional infrastructure, schools, hospitals and airports. These sectors have remained Basic areas for skanska In the United States, especially when public sector funding supports these types of projects.
“We are also strong in other segments. We are in more traditional infrastructures, for example, roads, railways, etc.”, said Danielsson during the call. “We are also strong when it comes to schools, hospitals, universities, airports. Therefore, we are in the right places. “”
The decline of the company’s total order reached 285 billion crowns ($ 26 billion), an increase of 24.1% of 229.6 billion crowns a year ago, according to the results report. This represents about 20 months of production, according to the statement.
According to the report, the fourth quarter revenue increased to 50.6 billion crowns, 20% increased year after the year when they are adjusted by currency fluctuations. Throughout the year, the revenue reached 177.2 billion crowns, 13% more that are adjusted by exchange rate.
Anders Danielsson
Courtesy of Skanska
“We have larger projects in the United States,” Danielsson said during the call. “The market is still strong, definitely.”
An analyst asked if Skanska had experienced any interruption in federal projects payments or if the company provided that future government contracts could be less favorable for private companies under the new administration. Danielsson replied that Skanska has not seen a problem with his work in the United States public sector.
“We have a very stable operation. We have good contracts with repeated customers in the United States on the public side, “Danielson said.” We also see no downward trend when it comes to pipeline. It is still strong and stable. “
High interest rates
Although the general construction activity is still strong, Danielsson noted that the United States’s commercial development is surrounding other parts of the world because of the Entry of high interest rates.
“For the development of commercial properties, we see that the transactions market returns a little to Europe. It could see our divestment that was a bit left in the United States due to the situation of the interest rate, “said Danielsson. “But the leasing market is stable in Europe and also improves in the United States, so it is encouraging.”
Companies that return employees to the full -time office have helped improve, but demand is mixed in this sector.
“It’s a polarized market,” Danielson said. “The flight to quality is really clear and this is exactly the type of product we can offer in the market. This is beneficial for us. “
To diversify beyond office buildings, Skanska seeks to expand his work in life sciences and the construction of multifamily rental properties in the United States, said Danielsson.
“In the commercial development operation, we continue to believe in the long -term office market,” Danielsson said during the call. “But we have also said that we will try to diversify the portfolio. We are looking for the science of life, for example, in some parts of the United States we have also begun to be residential for rent use, which is also a good market.”
