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2016-10-17

Skanska: Skanska signs seven-year highways maintenance contract in Devon, England, worth GBP 245M, about SEK 2.9 billion

Skanska has signed a seven-year highways maintenance contract with
Devon County Council, in the south west of England. The total value
over the course of the contract will be GBP 245M, about SEK 2.9
billion. The first two years of revenue, GBP 70M, about SEK 820
million, will be included in order bookings for Skanska UK in the
fourth quarter 2016.

Skanska will provide a wide range of highway services including
planned and reactive maintenance, winter maintenance, emergency
response and horticulture management, whilst also bringing social
value to communities in Devon. It will focus on local employment and
skills, local supply chain and delivering community projects to bring
a more inclusive approach to highways maintenance.

The contract will run from 1 April 2017 to 31 March 2024, with
extension options for up to a further three years.

This award sees further growth for Skanska's highway maintenance
delivery in the south west of England, where it already maintains
about 16,000 kilometers, or 6,000 miles, of roads.

Skanska UK reported revenues of about SEK 18 billion in 2015. It has
around 5,500 employees. The company is active in building and civil
construction, utilities and building services, as well as facilities
management and commercial development.

For further information please contact:

Kevin Perlmutter, Head of Media Relations, Skanska UK, tel +44 1923
423906

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 project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on its global green experience, Skanska aims to be the clients'
first choice for Green solutions. The Group currently has 43,100
employees in selected home markets in Europe and in the US. Skanska's
sales in 2015 totaled SEK 155 billion.

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http://news.cision.com/skanska/r/skanska-signs-seven-year-highways-maint...
http://mb.cision.com/Main/95/2101992/575449.pdf

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