# Skanska > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/skanskaab). ## Overview Skanska AB is a global construction and project development company headquartered in Sweden. It operates in the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions in construction and property development. The company is known for its strong order backlog and diverse portfolio, including residential, commercial, and investment properties. Skanska's strategic focus on sustainability and market adaptability has positioned it as a key player in the construction industry. ## Products & services • Construction services for buildings and infrastructure • Residential property development • Commercial property development • Investment properties management • Project management and consulting • Sustainable construction solutions - **Construction** (70%) — Includes building and civil construction services. - **Residential Development** (10%) — Development of residential projects for sale. - **Commercial Property Development** (10%) — Development and sale of commercial properties. - **Investment Properties** (5%) — Management and growth of property portfolio. - **Consulting and Project Management** (5%) — Advisory and management services for construction projects. - Construction services for buildings and infrastructure - Residential property development - Commercial property development - Investment properties management - Project management and consulting - Sustainable construction solutions ## Customers Skanska serves a diverse range of customers across its operating regions. In the construction segment, clients include government bodies, private companies, and public institutions seeking infrastructure and building projects. Residential development targets individual homebuyers and real estate investors looking for sustainable and modern living spaces. Commercial property development caters to businesses and investors seeking high-quality office and retail spaces. The company's investment properties attract long-term investors interested in stable returns from a managed property portfolio. - **Government and Public Sector** (primary) — Procure infrastructure and building projects for public use. - **Private Companies** (primary) — Require commercial construction and development services. - **Individual Homebuyers** (secondary) — Purchase residential properties developed by Skanska. - **Real Estate Investors** (secondary) — Invest in residential and commercial properties. - **Long-term Property Investors** (emerging) — Invest in Skanska's managed property portfolio. - Government bodies seeking infrastructure projects - Private companies needing commercial construction - Public institutions requiring building services - Individual homebuyers looking for sustainable homes - Real estate investors in residential markets - Businesses seeking office and retail spaces - Long-term investors in managed property portfolios ## Geography Skanska operates in key markets across the Nordics, Europe, and the USA. Its primary markets include Sweden, Norway, Finland, Denmark, the United Kingdom, Poland, Czech Republic, Slovakia, Hungary, Romania, and the United States. The company's geographic presence allows it to leverage regional growth opportunities and adapt to local market conditions. Skanska's strategic focus on these regions supports its robust order backlog and enhances its ability to deliver sustainable construction solutions globally. - Operates in the Nordics, Europe, and the USA - Key markets include Sweden, Norway, and the USA - Presence in the UK, Poland, and Central Europe - Leverages regional growth opportunities - Adapts to local market conditions - Supports robust order backlog globally ## Strategy Skanska's strategic priorities focus on sustainable growth and market adaptability. The company aims to enhance its construction order backlog and expand its residential and commercial property development activities. By maintaining a strong financial position, Skanska seeks to capitalize on market opportunities and invest in high-quality properties. Its commitment to sustainability and innovation drives its competitive advantage and aligns with global trends in construction and development. - **Enhance Construction Order Backlog** (medium-term) — To secure long-term revenue and market presence. - **Expand Property Development** (medium-term) — To capture growth in residential and commercial markets. - **Sustainability and Innovation** (long-term) — To align with global trends and enhance competitive advantage. - Focus on sustainable growth and market adaptability - Enhance construction order backlog - Expand residential and commercial development - Maintain strong financial position for market opportunities - Invest in high-quality properties - Commitment to sustainability and innovation ## Risks Skanska faces several risks, including market fluctuations in the construction industry and geopolitical uncertainties affecting its operations in Europe and the USA. The company's reliance on large-scale projects exposes it to risks related to project delays and cost overruns. Economic downturns and changes in interest rates can impact demand for residential and commercial properties. Additionally, regulatory changes in environmental standards pose compliance risks. Skanska mitigates these risks through strategic planning and financial management. - **Market Fluctuations** [high] — Impact on construction demand and project pipeline. - **Geopolitical Uncertainties** [medium] — Affect operations and market stability in key regions. - **Project Delays and Cost Overruns** [critical] — Can lead to financial losses and reputational damage. - **Economic Downturns** [high] — Reduce demand for residential and commercial properties. - **Regulatory Changes** [medium] — Increase compliance costs and operational challenges. - Market fluctuations in construction industry - Geopolitical uncertainties in Europe and USA - Risks of project delays and cost overruns - Economic downturns affecting property demand - Interest rate changes impacting market activity - Regulatory changes in environmental standards ## Accounting Skanska's financial reporting is influenced by its project-based revenue recognition, which follows IFRS standards. Revenue from construction contracts is recognized over time, reflecting project progress and completion. The company's financial results are subject to seasonal fluctuations, with higher activity in certain quarters. Skanska's investment in properties involves significant judgment in valuation and impairment assessments. Lease accounting under IFRS 16 impacts the balance sheet presentation of property and equipment. - **Revenue Recognition** — Significant on reported revenue - **Seasonal Fluctuations** — Material on quarterly analysis - **Property Valuation** — Critical for asset valuation - **Lease Accounting (IFRS 16)** — Material on financial position - Project-based revenue recognition under IFRS - Revenue recognized over time for construction contracts - Seasonal fluctuations in financial results - Judgment in property valuation and impairment - Lease accounting under IFRS 16 affects balance sheet --- *Last updated: 2026-08-11T04:04:55.803658+00:00*