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Year-end Report: Stable profit in challenging times
”For 2022 Peab reported a stable profit in challenging times. With our high order backlog and strong financial position, combined with our broad business model, we can handle a multitude of circumstances in different segments and geographies.”, says Jesper Göransson, President and CEO of Peab.
The divided market trend continues
”The trend from the fourth quarter continues with a declining housing market. However, investments connected to the public sector remain on a stable level. The level of orders received was lower than the first quarter last year but the level of order backlog continues to be good”, says Jesper Göransson, President and CEO of Peab.
Continued stable development
“Peab’s stable development continued during the second quarter of the year. We reported slightly lower net sales for the quarter but a higher operating profit and improved operating margin. Civil engineering operations, premise construction and large sections of business area Industry continued to develop well while less housing construction imp...
Improved profit and strong cash flow
“The trend from previous quarters remains strong with continued good development in civil engineering and paving operations as well as in premise construction. Peab is reporting a slight increase in net sales, improved operating margin and a strong cashflow for the third quarter”, says Jesper Göransson, President and CEO of Peab.
Corporate governance
Corporate governance is the decision-making systems that owners use to govern the company directly or indirectly. On the one hand these systems consist of external laws and regulations such as the Company Act and other relevant laws, the regulations for Nasdaq Stockholm issuers and the Swedish Code of Corporate Governance and on the other hand t...