News | August 8, 2013

Skanska Signs Contract For Bypass Road In Seinäjoki, Finland, Worth EUR 56 M, About SEK 480 M

ÖSTERSUND, Sweden--(BUSINESS WIRE)--Regulatory News:

Skanska (STO:SKAB) has signed a contract with the Finnish Transport Agency on construction of a bypass road in Seinäjoki, Finland. The contract value is EUR 56 M, about SEK 480 M. The order will be included in order bookings for Skanska Finland for the third quarter 2013.

The contract includes both design and construction of the bypass road, comprising 16 kilometers of road and 17 bridges. At the peak of the project, about 200 persons will be engaged at the worksite.

The construction works will begin in August 2013, and the project is to be completed in November 2016.

Skanska Finland is one of the leading construction companies in Finland and Estonia. The company is active in building construction, residential and commercial premises, as well as civil engineering projects. The combined sales for Skanska’s Finnish and Estonian operations in 2012 were SEK 8.4 billion and the company employed about 2,460 people. In Finland, Skanska is also active within development of residential, office and PPP projects.

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Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 57,000 employees in selected home markets in Europe, the US and Latin America. Skanska's sales in 2012 totalled SEK 132 billion.

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