Skanska stock falls 1.23 percent after US data center order
Published on 09/23/2026 at 22:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Skanska stock was quoted at SEK 282 on Nasdaq Stockholm on September 23, 2026, down 1.23 percent from the previous close. The move followed a US data center contract worth USD 84 million, equivalent to SEK 840 million, that will enter the third quarter order bookings.
US order adds SEK 840 million
According to MarketScreener on September 22, 2026, Skanska agreed to build a data center in Georgia for an existing customer. The contract value is USD 84 million, or SEK 840 million, and the order is booked in Construction.
The project adds a measurable US growth signal to a business already linked to data center demand. For investors, the key issue is conversion of order intake into margins rather than the contract value alone.
Margins set the operating test
Skanska's investor page identifies the second quarter 2026 interim report as the latest group report, published July 17, 2026. It lists a 4.3 percent Construction operating margin, 1.3 percent return on capital employed in Project Development, 4.8 percent in Investment Properties, and 10.8 percent return on equity, all on a rolling twelve-month basis, according to Skanska.
The 4.3 percent Construction margin is the clearest operating benchmark for new US work. A contract can expand the backlog, but the margin figure determines how much of that volume becomes operating profit.
Stock stays below yearly high
At SEK 282 on September 23, 2026, Skanska stock stood 1.67 percent below its 52-week high of SEK 286.80 and above its 52-week low of SEK 233. The market capitalization was SEK 111.267 billion on the same date.
EFN reported on September 22, 2026, that DNB Carnegie upgraded Skanska to Buy from Hold and raised its price target to SEK 330 from SEK 270, citing US data center growth and the company's order backlog. The target revision places the analyst debate on execution and profitability, not on demand alone, according to EFN.
Skanska stock snapshot
- Company: Skanska AB (publ)
- Ticker: SKA B
- Trading venue: Nasdaq Stockholm
- Price as of September 23, 2026: SEK 282
- Market capitalization: SEK 111.267 billion as of September 23, 2026
- 52-week range: SEK 233-286.80 as of September 23, 2026
- Sector / Industry: Construction and Engineering
- Index membership: OMX Stockholm 30
