Executive Salary
avg.$156,790
Skanska
Construction and Real Estate
Stockholm, Sweden
Description
Skanska is a multinational construction and development company founded in 1887 and headquartered in Stockholm, Sweden. As of the most recent data, it employs approximately 26,500 professionals across various locations and operates primarily within the B2B sector. The company generates around $16 billion in annual revenue, providing services to a diverse range of industries through its construction and project development offerings. Publicly traded, Skanska maintains a significant presence in the global construction industry, focusing on large-scale projects worldwide.
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Experteer Briefing
Company Trajectory
Skanska, headquartered in Stockholm, Sweden, was founded in 1887 as a concrete product manufacturing company. Throughout its long history, the company has evolved from its origins into a major player in the global construction sector. Key strategic milestones include significant market expansions and the development of subsidiaries, as well as broadening its project scope beyond concrete products to encompass wide-ranging construction and development services. As Skanska continues to grow, the company’s next steps focus on strengthening its presence in both its home market and internationally, while advancing its expertise in sustainable development.
Financial Setup
Today, Skanska operates as a publicly traded company with a workforce exceeding 26,400 employees worldwide. Serving customers primarily on a business-to-business basis, the company has established a robust financial structure rooted in its multinational construction and development business model. Skanska’s public ownership supports access to global capital markets, contributing to its ability to pursue large-scale, complex projects and maintain stable long-term performance. Throughout its history, Skanska’s financial growth has paralleled its expansion into new markets and sectors.
Development & Outlook
Skanska’s core offerings span construction, residential development, commercial property development, and infrastructure development. The company has been recognized for its commitment to sustainability, notably being ranked the number one ‘Green Builder’ in the United States in 2007 and achieving ISO 14001 certification for all business units since 2000. In line with its social initiatives, Skanska founded the ‘Supply Chain Sustainability School’ in the United Kingdom, reinforcing its dedication to responsible business practices. Looking ahead, the company emphasizes environmental leadership, ongoing operational excellence, and further diversification of its project portfolio.