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Skanska raises minimum for press releases

5/24/2000 2:35 PM CET
Press release

Skanska has decided to set SEK 300 M as a minimum amount for issuing press releases from the Group. The reason for this is that Skanska’s sales have grown rapidly in recent years and have now reached a level of nearly SEK 80 billion. The previous minimum of SEK 100 M for press releases would result in Skanska issuing 150-200 press releases this year – a volume that benefits neither news editors nor Skanska.

Press Release  

May 24, 2000   Skanska raises minimum for press releases   Skanska has decided to set SEK 300 M as a minimum amount for issuing press releases from the Group. The reason for this is that Skanska’s sales have grown rapidly in recent years and have now reached a level of nearly SEK 80 billion. The previous minimum of SEK 100 M for press releases would result in Skanska issuing 150-200 press releases this year – a volume that benefits neither news editors nor Skanska. For those of you who nevertheless want to keep track of business transactions in the lower price range, it is possible to subscribe to The Hub, Skanska’s electronic news service, which can be accessed through our website at www.skanska.com or by contacting us at Group Communications. ________________________________________ For further information please contact: Tor Krusell, Head of Communications, Skanska AB Tel +46 70 543 87 47