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The rest of the risk planning and planning have been key to the profitability of Skanska.
CEO Anders Danielsson said that the firm has been more demanding to take on projects and clients in sectors where it has been successful in the past.
“We took significant strategic positions a few years ago to be more selective,” Danielson told Construction Dive. “We have the appropriate team in their place.”
The head of the Stockholm -based contractor spoke to the analysts during a Second quarter results call On July 18, where the results showed that the North -American construction has continued to be the anchor for the success of the firm.
But,, Continued changes around the rates They have raised questions about the prices of materials and that uncertainty has affected the deadlines of the project and the ability of the contractors to break the ground. Danielsson said Skanska had a minimum impact on fare politics so far and remained upward for the future.
In part, this success is due to the fact that North -American materials occur, he said that he has not seen greater competition for these domestic products.
Anders Danielsson
Courtesy of Skanska
“We haven’t seen much of it [impact from tariffs]But we take care of not ending in a situation we suffer, like price increases, “Danielson told the construction of behavior after the call.
Danielson said that Skanska has succeeded in conveying the difference to the customer. As an example, he quoted the firm successfully when construction costs increased during Covid-19 pandemic.
Priority sectors
Within construction, the United States Civil Market is still one of the main success areas for Skanska.
Danielsson foresees “a strong demand for traditional infrastructure” in the states. He cited confidence for public funding to continue to fall in critical sectors such as schools, hospitals, airports and data centers.
In the latest gain reports, it has been a sticky point for the firm Development of commercial propertiesEspecially since workers in the United States continued to work from home after pandemic.
Although the firm’s prospects for commercial development over the next 12 months are still weak, Danielson said a change to quality, where Businesses are addressed to the most beautiful offices In more attractive areas, it continues to show promises.
“I am sure that most companies want their employees to return to the post,” said Danielson. “So this trend will continue.”
By the numbers
Skanska’s operating revenue was 1.8 billion Swedish crowns (USD $ 186 million), a 30% decrease in 2024. Many of the firm’s income came from construction (1.7 billion crowns) with almost half of this number attributed to their North -American business.
The decline remained high for the firm, although it was slightly reduced from a high point in the fourth quarter of 2024. The firm had 268 billion crowns worth working in its books at the end of the quarter, with 26.5 months of construction work only in the United States.
