nasdaq stockholm ska b industry construction founded 1887 ; 129 years ago 1887 headquarters stockholm sweden key people johan karlstr m president and ceo 1 hans bi rck chairman 2 products residential development commercial property development and infrastructure development revenue sek 153.049 billion 2015 3 operating income sek 6.290 billion 2015 3 profit sek 4.791 billion 2015 3 total assets sek 97.667 billion end 2015 3 total equity sek 24.206 billion end 2015 3 number of employees 48 470 average 2015 3 website www.skanska.com footnotes references financial data according to ifrs skanska ab swedish pronunciation skan ska is a multinational construction and development company based in sweden . skanska is the 5th largest construction company in the world according to the construction global magazine . 4 notable skanska projects include the world trade center transportation hub project 30 st mary axe metlife stadium mater dei hospital among others . contents 1 history 2 operations 2.1 environment 2.2 market 2.3 competitors 2.3.1 construction 2.3.2 residential development 2.3.3 commercial property development 3 major projects 3.1 europe 3.2 united states 4 controversies 5 see also 6 references 7 external links history edit aktiebolaget sk nska cementgjuteriet scanian cement casting ltd was established in malm sweden in 1887 by rudolf fredrik berg and started by manufacturing concrete products . 5 it quickly diversified into a construction company and within 10 years the company received its first international order . 5 the company played an important role in building sweden s infrastructure including its roads power plants offices and housing . 5 growth in sweden was followed by international expansion . in the mid 1950s sk nska cementgjuteriet made a major move into international markets . during the next decades it entered south america africa and asia and in 1971 the united states market where it today ranks among the largest in its sector . 5 the company was listed on the stockholm stock exchange a list in 1965 . in 1984 the name skanska already in general use internationally became the group s official name . 5 during the latter part of the 1990s skanska expanded substantially both organically and by acquisition . 5 in august 2000 it bought the construction division of kvaerner . 6 in mid 2004 skanska decided to divest its asian investments and sold its indian subsidiary to the thailand based construction firm italian thai development company . 7 in 2005 skanska was awarded a gas pipeline contract in argentina . later suspicions were raised that government corruption had been involved . skanska performed its own investigation dismissed seven managers and worked closely with the authorities concerning the inquiry . 8 9 10 11 in 2011 skanska acquired industrial contractors inc of evansville indiana united states . 12 in december 2013 the supreme court of the slovak republic confirmed that skanska ds a.s. participated in a bid rigging cartel of construction companies together with companies of strabag group and mota engil group in 2004 . illegal conduct was associated with the tender for the execution of works for the construction of the d1 highway from mengusovce to j novce in eastern slovakia . 13 operations edit skanska divides its operations into four business streams business stream yearly revenue 5 year average 2010 to 2014 14 construction sek 116 152 million residential development sek 8 721 million commercial property development sek 6 691 million infrastructure development sek 219 million construction is the largest business stream by revenue and number of employees . the operations of the other business streams involve investments in projects that are developed and later divested . with regard to infrastructure development this often involves public private partnerships ppp . geographically the group operates based on local business units . 15 environment edit skanska was the no. 1 green builder in the united states in 2007 16 and was ranked no. 3 green contractor in the united states 2008 . 17 in 2011 skanska was ranked the greenest company in the united kingdom despite belonging to an industry with a generally high environmental impact . in 2014 skanska won the financial times and arcelormittal boldness in business award in the category corporate responsibility environment . 18 19 20 21 the financial times described skanska in 2014 as aiming to be the greenest contractor in the world while having 57 000 employees 100 000 suppliers and 250 000 subcontractors who deliver more than 10 000 projects annually . an official vision stated by skanska is the five zeros zero loss making projects work site accidents environmental incidents ethical breaches and defects . 15 21 22 in the united kingdom skanska has founded the supply chain sustainability school an e learning initiative in order to educate construction suppliers on sustainability . as suppliers are frequently shared between construction companies the school is managed in partnership with several competitors . 21 23 24 in july 2013 skanska withdrew from the united states chamber of commerce in protest of the chamber s opposition to reformed leed standards for sustainable buildings . 21 skanska was the first company in the industry to implement the iso 14000 standards globally with all its business units having been certified according to iso 14001 since 2000 and it was the first scandinavian company to have an independent global whistleblowing hotline . 21 25 market edit as of march 2015 skanska was focused on the following selected markets 14 26 sweden norway finland and denmark in the nordic region poland the czech republic slovakia hungary romania and the united kingdom in the rest of europe the united states in north america skanska is in the process of exiting its operations in argentina brazil peru chile colombia and venezuela . 14 22 skanska will cease to accept new projects in the latin american market and will divest its operation and maintenance units there . 14 region number of employees revenue 2014 14 the nordic countries 17 000 sek 64.0 billion the rest of europe 17 000 sek 35.0 billion north america 10 000 sek 49.9 billion latin america being closed down 14 000 no data available skanska is active in construction commercial property development office buildings shopping centers and logistics properties and infrastructure development roads hospitals and schools in all of its three market regions . the company plans develops and builds homes in the nordic region and in the rest of europe . 22 in 2013 skanska was ranked the 9th largest contractor in the world 27 and in 2014 the 7th largest contractor in the united states . 28 during the rolling 12 month period ending in september 2014 skanska was the largest construction company by total revenue in the nordic countries . 14 the six largest ones were company country 12 month revenue 14 skanska sweden sek 145.0 billion ncc sweden sek 59.2 billion peab sweden sek 44.2 billion veidekke norway sek 25.4 billion lemmink inen finland sek 18.7 billion yit finland sek 16.7 billion competitors edit according to skanska the main competitors by market for the three predominant business streams were as of march 2015 the following . 14 26 construction edit the nordic countries ncc peab yit veidekke lemmink inen af gruppen the rest of europe budimex hochtief strabag metrostav balfour beatty carillion the americas turner fluor corporation kiewit granite flatiron tutor perini acs dragados residential development edit the nordic countries jm ncc peab yit the rest of europe central group finep dom development jw construction commercial property development edit the nordic countries ncc vasakronan diligentia klp eiendom yit lemmink inen the rest of europe ghelamco echo investment gtc the americas hines trammell crow boston properties major projects edit work in progress on 30 st mary axe one of skanska s most high profile contracts . built between 2001 and 2004 the tower was a major addition to london s skyline . europe edit major projects in the united kingdom have included 30 st mary axe in london completed in 2004 . 29 30 in malta skanska built the mater dei hospital which opened in 2007 . 31 skanska finished constructing the 230m heron tower upon completion the tallest building in the city of london in 2010 . 32 skanska built the resund bridge that opened in 2000 and forms part of the road and railway connection between sweden and denmark . 33 34 united states edit major projects in the united states include the metlife stadium home to the giants and the jets nfl franchises completed in 2010 . 35 skanska has also won the alaskan way viaduct project in washington the project worth sek840 million 115 million involves the construction of a new 4 300 foot 1 300 m viaduct on the southern section of the alaskan way on the state route 99 bypass in downtown seattle to be completed in 2013 . 36 another continuing major project is the renovation of and addition to the headquarters of the united nations due to be completed in 2014 . 37 other continuing major projects include the restoration of the world trade center site including the removal of debris the reconstruction of the port authority trans hudson and new york city subway tunnels and the creation of a world trade center transportation hub due to be completed on december 17 2015 . 38 39 40 41 including the oculus station entrance designed by santiago calatrava . 42 43 skanska is also a member of consortium responsible for the second avenue subway tunneling project 44 due to be completed on december 30 2016 . 45 controversies edit mater dei hospital skanska was entrusted with the building of a new general hospital in malta and the state of the art mater dei hospital costing over 700 000 000 . later however it was discovered that skanska had used lower quality cement of the kind that is generally used to build pavements . as a result the hospital could not develop further floors or build a helipad on the roof . the company made sure to be waived off for the responsibility of any evident cheap work and damage once the project was finalised . 52 see also edit road to the greenland ice sheet sweden portal companies portal references edit management senior executive team set . skanska . 15 april 2016 . retrieved 10 july 2016 . board . skanska . 15 april 2016 . retrieved 10 july 2016 . a b c d e f annual report 2015 pdf . skanska . 2016 . retrieved 10 july 2016 . top 10 construction companies in the world . construction global . retrieved 16 june 2015 . a b c d e f skanska history skanska buys kvaerner arm for 180m the telegraph 30 august 2000 itd cementation india sweden s squeaky clean image sullied by scandals . the new york times . may 11 2007 . retrieved jan 15 2013 . skanska likely to be involved in a corruption scandal in argentina . pravda . mar 20 2007 . retrieved jan 15 2013 . gas and graft . the economist . may 10 2007 . retrieved dec 21 2012 . argentine corruption skanska s version . latin business chronicle . jul 30 2007 . retrieved dec 21 2012 . skanska usa buys industrial contractors inc. . evansville courier & press . dec 29 2011 . retrieved jan 15 2013 . the supreme court upheld the decisions of the antimonopoly office of the slovak republic in the matter of a cartel of six construction companies a b c d e f g h annual report 2014 pdf . skanska . 2015 . retrieved 2 july 2015 . a b annual report 2011 pdf . skanska . retrieved 20 september 2012 . skanska green builder top green contractors enr revealed the greenest companies . the sunday times . jun 12 2011 . retrieved dec 21 2012 . john authers mar 23 2014 . thorny issues . the financial times . retrieved aug 26 2014 . financial times and