Latest news with #Danielsson
Yahoo
14-05-2025
- Business
- Yahoo
Skanska downgrades US construction outlook
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. Sweden-based developer and builder Skanska acknowledged economic uncertainties may impact its outlook, but company leadership remained bullish on the overall environment in a first quarter earnings call May 7. In an investor call, CEO Anders Danielsson shared that the firm had reduced its outlook for U.S. construction — a major driver of the company's revenue — from strong to stable. 'We still see a pipeline, but we can also see that it takes a little bit longer time for our customers to take the decision to invest and start a project. But it's stable,' Danielsson said of U.S. commercial construction. On the other hand, Danielsson called the civil sector in the States 'encouraging,' largely due to continued federal investments in infrastructure. The 12-month outlook for civil work in the U.S. remains strong. 'We can see a very healthy [civil] pipeline, we don't see any decrease in activities here,' he said. Nonetheless, economic uncertainty has impacted the outlook, Danielsson said, reinforcing that he thinks 'it's not a specific segment or specific clients, it's more that they feel some uncertainties in the market.' Additionally, he acknowledged that tariffs have contributed to that uncertainty in the U.S., but said the fact that the international firm runs businesses locally in all its markets mitigates those effects. Some of those question marks for owners thinking about starting projects arise from costs brought on by President Donald Trump's tariffs, which fluctuated in the period reported by Skanska. On other earnings calls this month, construction CEOs including Jim Breuer, chief of Fluor, and Troy Rudd, AECOM's lead, showed optimism in the face of tariff uncertainty, claiming only isolated delays in projects. Nonetheless, both firms said they are not experiencing a slowdown and touted healthy backlogs. Skanska reported about 1.1 billion Swedish crowns ($110.4 million) in operating income for the three month period ending in March 2025, a 118% increase compared to the operating income from the same period a year ago. Building buoyed the company's revenue, as its construction unit generated nearly 1.2 billion crowns in profit in Q1. The firm's order backlog remains historically high at 263.6 billion crowns for all geographies, with about 23 months of construction work alone booked in the U.S. Skanska CFO Jonas Rickberg, who took over as financial chief for Skanska in January, touted construction performance as 'overall very strong.' Clarification: This story has been updated with the company's former outlook for U.S. construction. Recommended Reading Tutor Perini turns a profit on growing backlog Sign in to access your portfolio
Axios
22-04-2025
- Entertainment
- Axios
Thor's Skyr brings an Icelandic treat to Phoenix
When I heard about a new restaurant serving Icelandic food, my first thought was of Scandinavian fish dishes. But this new Grand Avenue cafe is all about the yogurt. State of play: Icelandic restaurateur Unnar Danielsson opened Thor's Skyr last month near downtown Phoenix. As the name implies, the menu revolves around skyr, a traditional yogurt that's basically fermented milk and "something Icelanders survive on during cold winters," Danielsson told the Phoenix New Times. Thor's Skyr began as individual cups sold in grocery stores, but Danielsson branched out. In January, he introduced an automated smoothie kiosk at an LA Fitness in Escondido, California, and he plans to open more inside other gym locations, including in Scottsdale. Zoom in: The menu is smoothie-centric. Bowls start with a skyr base, blended with fruit, nut butters, seeds and protein powders. After everything's blended, it's topped with treats like granola, chocolate chips, fruit, nuts and coconut flakes. They've also got shakes and sandwiches, and you get a complimentary waffle and drip coffee with your purchase. The bowls are low-fat and high-protein, with plenty of gluten-free options. Best bites: I'm not a big yogurt guy, but it turns out I didn't have to be. I meant to get something with skyr, but instead ordered the Hammer Smash Acai Bowl with banana, peanut butter, chia seeds, dates and almond milk, topped with cacao nibs, sliced banana, crushed almonds and shaved dark chocolate. I also had a thin waffle topped with honey and raspberries. The verdict: The bowl was very tasty — sweet but not overpowering, bursting with different flavors — unsurprisingly, it's very peanut butter-forward — and with the toppings adding texture to the blended mix.
