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Swedish Builder Skanska Says Days of Massive Writedowns Are Over

Skanska AB’s construction site of the 27-floor Sthlm 01 tower in Stockholm. — Skanska AB’s construction site of the 27-floor Sthlm 01 tower in Stockholm.
Photographer: Mikael Sjoberg/Bloomberg

By

Niklas Magnusson

June 17, 2019, 5:47 AM UTC

Skanska AB’s days of significant writedowns are over, according to its CEO.

“That we would see a new Poland or what we saw in USA Civil, I can’t see that coming,” Chief Executive Officer Anders Danielsson said in an interview at the construction site of its 27-floor Sthlm 01 tower in Stockholm.