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Skanska

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets of the Nordic countries, other European countries and the U.S.

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. Operations are conducted through three business streams: Construction, Residential Development and Commercial Property Development. Construction is Skanska’s largest business stream and involves construction of buildings, industrial facilities, infrastructure and housing. The Construction operations generate cash flow that can be invested in value-creating project development.

Residential Development develops housing for sale primarily to private home buyers. Commercial Property Development initiates, invests in, develops, leases out and sells commercial property projects. Skanska’s diversification across its various operating areas strengthen its competitiveness and contributes to a balanced risk profile.

Skanska’s operations are based on the premise that value is created in the thousands of projects carried out every year. The company’s overarching aspiration is to create industry-leading shareholder value by being the customers’ preferred partner and the industry’s most attractive employer, by taking a value-driven approach to sustainable solutions, by continuing to develop internal collaboration, and by continuously improving operational efficiency.

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Active ownership in practice

In its capacity as a long-term active owner, Industrivärden engages itself in the portfolio companies’ strategic development. Against the backdrop of the Company’s business model, this concerns mainly matters pertaining to the portfolio companies’ boards and management teams, financial development and matters such as strategy, market position, efficiency, capital structure and more. Following are a few examples of important corporate governance matters and significant strategic activities for long-term value creation that the respective portfolio companies have taken in recent years, where Industrivärden has played an active role through work on the board and nomination committees.

Value-creating measures

• Election of Hans Biörck as Chairman in 2016

• Numerous new directors elected to board

• Appointment of Anders Danielsson as CEO in 2018

• Implementation of new management organization

• Extensive restructuring to focus the business, improve profitability and reduce project risks

• Reduction of central costs

• Decentralization measures and refinement aimed at increasing operational efficiency

• Successful growth in commercial property development

• Strong sustainability focus exemplified by, e.g., sustainability certified properties and successful measures to reduce carbon emissions

Result

• Stronger financial position

• Reduced risk in construction business and higher earnings from property development

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Last update: 26 Apr 2021