”We ended the year with continued profitable growth, a strong cash flow and a high level of orders received. Our work on improving operating margins continues to bear fruit in both the construction contract businesses and housing developments. When we for the first time present the outcome of all our nine external targets it’s clear that they have been broadly met”, says Jesper Göransson, President and CEO of Peab.
The report
The telephone conference
Summary according to segment reporting:
October – December 2021
- Net sales SEK 17,520 million (15,424)
- Operating profit SEK 1,246 million (1,825), the effect of the distribution of Annehem Fastigheter of SEK 952 million was included in the comparable period
- Operating profit included repayment of AGS premiums of SEK 179 million
- Operating margin 7.1 percent (11.8), excluding the distribution Annehem Fastigheter the operating margin was 5.7 percent in the comparable period
- Pre-tax profit SEK 1,240 million (1,807)
- Earnings per share SEK 3.62 (5.62)
- Orders received SEK 14,443 million (12,189)
- Cash flow before financing SEK 2,465 million (1,763)
January – December 2021
- Net sales SEK 60,026 million (57,417)
- Operating profit SEK 3,098 million (3,541), the effect of the distribution of Annehem Fastigheter of SEK 952 million was included in the comparable period
- Operating margin 5.2 percent (6.2), excluding the distribution of Annehem Fastigheter the operating margin was 4.5 percent in the comparable period
- Pre-tax profit SEK 3,076 million (3,433)
- Earnings per share SEK 8.50 (10.00)
- Orders received SEK 55,848 million (49,735)
- Order backlog SEK 45,318 million (42,709)
- Cash flow before financing SEK 3,041 million (2,779)
- Net debt SEK 2,404 million (3,873)
- Net debt/equity ratio 2 (0.3)
- Equity/assets ratio 36.3 percent (36.2)
- The Board proposes a dividend of SEK 5.00 (4.50) per share
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