“Our broad business model enables us to take advantage of the demand currently in civil engineering, paving and other building construction. Our operations in civil engineering and paving continue to grow profitably. The level of orders received continued to be high in the second quarter as well and order backlog surpassed SEK 50 billion for the first time in Peab’s history”, says Jesper Göransson, President and CEO of Peab.
The report
The telephone conference
Summary according to segment reporting:
April – June 2024
- Net sales SEK 15,232 million (15,756)
- Operating profit SEK 619 million (1,090)
- Operating margin 4.1 percent (6.9)
- Pre-tax profit SEK 522 million (1,406)
- Earnings per share SEK 1.48 (3.86)
- Orders received SEK 16,434 million (12,505)
- Cash flow before financing SEK -95 million (-2,321)
January – June 2024
- Net sales SEK 26,373 million (28,446)
- Operating profit SEK 513 million (934)
- Operating margin 1.9 percent (3.3)
- Pre-tax profit SEK 340 million (1,210)
- Earnings per share SEK 1.03 (3.32)
- Orders received SEK 34,323 million (23,547)
- Order backlog SEK 50,578 million (43,638)
- Cash flow before financing SEK -313 million (-3,229)
- Net debt SEK 9,585 million (11,717)
- Net debt/equity ratio 0.6 (0.8)
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