Skanska Posts Record Order Backlog Driven by Data Centre Contracts
Third-quarter order intake rose 70 percent to SEK 68 billion, including a US data centre contract worth SEK 11.2 billion, according to figures reported by Reuters.
Skanska reported a record construction order backlog of SEK 328.3 billion, with third-quarter order intake rising 70 percent to SEK 68 billion, according to a Reuters interview with the company's chief executive published on 5 November 2026. The intake included a United States data centre contract valued at SEK 11.2 billion. The company also reported that its construction margin improved to 5 percent; these figures are company-reported.
In the interview, the chief executive said the group remains selective about new data centre developer clients, citing concerns over their financing arrangements, and stated that rising input costs are being passed on to clients. The comments reflect continued demand for data centre construction in the United States and Europe, even as broader construction activity in the region slows amid higher financing costs.