{"id":31461,"date":"2025-07-22T07:00:37","date_gmt":"2025-07-22T14:00:37","guid":{"rendered":"https:\/\/essential.construction\/news\/skanska-ceo-says-its-selective-strategy-reduces-risk\/"},"modified":"2025-07-22T07:00:37","modified_gmt":"2025-07-22T14:00:37","slug":"skanska-ceo-says-its-selective-strategy-reduces-risk","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/skanska-ceo-says-its-selective-strategy-reduces-risk\/","title":{"rendered":"Skanska CEO says its selective strategy reduces risk"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"text-to-speech\">\n    <button class=\"text-to-speech__button button\"><br \/>\n        <img decoding=\"async\" class=\"text-to-speech__button__icon\" src=\"https:\/\/www.constructiondive.com\/static\/img\/play.svg?500116090725\" alt=\"-\"><br \/>\n        Listen to the article<br \/>\n        <span class=\"text-to-speech__button__audio-length\">3 min<\/span><br \/>\n    <\/button><\/p>\n<div class=\"text-to-speech__controls\">\n        <audio controls=\"\" class=\"js-text-to-speech\" preload=\"none\"><source src=\"https:\/\/res.cloudinary.com\/dmgi9movl\/video\/upload\/q_1\/v1753109014\/news\/text_to_speech\/skanska-earnings-tariffs-construction_ckno78.wav\" type=\"audio\/mp3\"><\/source><\/audio><\/p>\n<div class=\"text-to-speech__controls__text\">\n            This audio is auto-generated. Please let us know if you have <a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/contact\/\" target=\"_blank\">feedback<\/a>.\n        <\/div>\n<\/p><\/div>\n<\/div>\n<p><span><span><span><span><span><span>Remaining selective and planning for risk have been key to Skanska\u2019s profitability.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>CEO Anders Danielsson said the firm has been more discerning about only taking on projects and clients in sectors where it has seen success in the past.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cWe took important strategic positions some years ago to be more selective,\u201d Danielsson told Construction Dive. \u201cWe have the right team in place.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>The chief of the Stockholm-based contractor spoke to analysts during a <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/group.skanska.com\/4a0bc8\/siteassets\/investors\/reports-publications\/interim-reports\/2025\/q2-2025\/skanska-q2-2025-en.pdf\" target=\"_blank\"><span><span><span><span><span><span><span><span>second quarter earnings call<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> July 18, where the results showed that U.S. construction has continued to be the anchor of the firm\u2019s success.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>However, <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/tariffs-contractors-guessing-material-costs-uncertainty\/752908\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>continued changes around tariffs<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> have raised questions on pricing for materials, and that uncertainty has impacted project timelines and the ability for contractors to break ground. Danielsson said Skanska has seen minimal impact from the tariff policy thus far, and remained bullish for the future.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>In part, that success is due to sourcing U.S. materials, he said, noting he hasn\u2019t seen increased competition for those domestic products.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure class=\"image-right inside_story\">\n<div class=\"figure_content\">\n<div><img decoding=\"async\" alt=\"headshot of Anders Danielsson\" data-imagemodel=\"174254\" src=\"https:\/\/imgproxy.divecdn.com\/87mvtN7uPp2DiaACY07BDXoDq460ibg2aeuOEfe1Z5s\/g:nowe:185:0\/c:440:550\/rs:fit:0:860\/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9hbmRlcnMtZGFuaWVsc3Nvbi5wbmc=.webp\"\/><\/div>\n<\/div><figcaption class=\"inside_story_caption\">\n<p>Anders Danielsson<\/p>\n<p>Courtesy of Skanska<\/p>\n<p>\u00a0<\/p>\n<\/figcaption><\/figure>\n<p><span><span><span><span><span><span>\u201cWe haven&#8217;t seen a lot of [impact from tariffs], but we are careful to not to end up in a situation where we suffer from, like price increases,\u201d Danielsson told Construction Dive after the call. \u201cAnd so we are very careful before we bid for a project, we secure the prices from our suppliers.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>When price hikes do arise, Danielsson said Skanska has had success passing the difference back onto the client. As an example, he cited the firm successfully doing so when construction costs spiked during the COVID-19 pandemic.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>Priority sectors<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Within construction, the U.S. civil market remains one of the major success areas for Skanska.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Danielsson anticipates \u201cstrong demand for traditional infrastructure\u201d in the states. He cited confidence for public funding to continue to flow to critical sectors such as schools, hospitals, airports and data centers.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>In recent earnings reports, a sticking point for the firm has been <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/skanska-write-off-us-office-market\/704632\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>commercial property development<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>, especially as workers in the U.S. largely continued to work from home following the pandemic.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Though the firm\u2019s outlook on commercial development for the next 12 months remains weak, Danielsson said a shift to quality, where <\/span><\/span><\/span><\/span><\/span><\/span><a rel=\"nofollow noopener\" href=\"https:\/\/www.constructiondive.com\/news\/office-trend-jll-2025-report\/753240\/\" target=\"_blank\"><span><span><span><span><span><span><span><span>companies target nicer offices<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in more attractive areas, continues to show promise.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cI&#8217;m sure most companies want their employees back to office,\u201d Danielsson said. \u201cSo that trend will continue.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<h3 class=\"standard-heading\"><span><span><span><strong><span><span>By the numbers<\/span><\/span><\/strong><\/span><\/span><\/span><\/h3>\n<p><span><span><span><span><span><span>Skanska\u2019s Q2 operating income was 1.8 billion Swedish crowns ($186 million USD), a roughly 30% decrease for the same period in 2024. Much of the firm\u2019s income came from construction \u2014 1.7 billion crowns \u2014 with nearly half of that number attributed to its U.S. business.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Backlog remained high for the firm, though it was down slightly from a high point in Q4 of 2024. The firm had 268 billion crowns worth of work on its books at the end of the quarter, with 26.5 months of construction work in the U.S. alone.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructiondive.com\/news\/skanska-earnings-tariffs-construction\/753539\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Remaining &#8230; <a title=\"Skanska CEO says its selective strategy reduces risk\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/skanska-ceo-says-its-selective-strategy-reduces-risk\/\" aria-label=\"Read more about Skanska CEO says its selective strategy reduces risk\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[],"class_list":["post-31461","post","type-post","status-publish","format-standard","hentry","category-construction-dive","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/31461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=31461"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/31461\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=31461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=31461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=31461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}