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2016-11-23

Skanska: Skanska adjusts the order backlog for project within USA Building by USD 39M, about SEK 330M

Skanska has adjusted the order backlog for the construction of an
educational research facility in New York City, USA. The deduction of
USD 39M, about SEK 330M, from the order backlog will be reflected in
the order bookings for Skanska USA Building in the fourth quarter
2016.

The original contract for this confidential client was announced on
October 9, 2015, in the amount of USD 68M, about SEK 570M. The
adjusted value for the project is USD 29M, about SEK 240M.

Skanska USA is one of the leading development and construction
companies in the country, consisting of four business units: Skanska
USA Building, which specializes in building construction; Skanska USA
Civil, specialized in civil infrastructure; Skanska Infrastructure
Development, which develops public-private partnerships; and Skanska
USA Commercial Development, which develops commercial projects in
select U.S. markets. Headquartered in New York, Skanska USA has more
than 10,000 employees and its 2015 revenues were SEK 54.5 billion.

For further information, please contact:

Mike Iacovella, Communications, Skanska USA, tel: +1 917 438 33 77

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com

The information provided herein is such as Skanska AB is obligated to
disclose pursuant to the EU market securities act (EU) no. 596/2014.

Skanska is one of the world's leading construction and project
development companies, focused on selected home markets in the Nordic
region, other European countries and North America. Supported by
global trends in urbanization and demographics, and by being at the
forefront in sustainability, Skanska offers competitive solutions for
both simple and the most complex assignments, helping to build a
sustainable future for customers and communities. The Group currently
has 43,100 employees in selected home markets in Europe and North
America. Skanska's sales in 2015 totaled SEK 155 billion.

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http://news.cision.com/skanska/r/skanska-adjusts-the-order-backlog-for-p...
http://mb.cision.com/Main/95/2129026/594056.pdf

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