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Quaterly Report January - September 2018
“Peab continued to develop positively during the third quarter and all the business areas except Project Development presented an improved operating profit. The market situation continues to be good with a stable demand in Sweden, Norway and Finland. Thanks to the wide range of our business we can handle a downturn in some product areas with an...
Strong cash flow and stable level of orders received
”When we sum up the third quarter Peab’s positive development has clearly continued. The level of orders received has been stable and a strong cash flow has contributed to boosted financial position. The integration of our acquired units is progressing and operations are developing according to plan,” says Jesper Göransson, CEO and President of...
Continued high net sales with stable profit
”Peab reported continued growth in net sales after the first nine months of the year. We continue to handle cost increases well although they have not been fully compensated. The level of orders was relatively stable although homes were a smaller portion”, says Jesper Göransson, President and CEO of Peab.
Half-year report, January-June 2018
“The outlook for Peab is positive with a solid order backlog, a good project mix, a well-dimensioned development rights portfolio and a strong financial position. The market situation continues to be good with a stable demand in Sweden, Norway and Finland. Thanks to the wide range of our business we can handle a downturn in some product areas wi...
Finalized acquisition reinforces our Nordic position
”Peab has weathered the consequences of the corona pandemic relatively well so far. Our business model with four collaborating business areas gives us stability even in uncertain times. The acquisition of paving and mineral aggregates operations reinforces our business model and Nordic position,” says Jesper Göransson, CEO and President of Peab.
Business area Civil Engineering
Business area Civil Engineering is a leading actor in Sweden and one of the larger players in Norway. Civil Engineering does landscaping and roadwork, lays pipelines, builds and maintains roads, railroads, bridges and other infrastructure, builds water and pipeline systems as well as does groundwork.
Business area Construction
With local roots close to customers business area Construction does construction work for both external and internal customers. Construction projects include everything from new production of housing, public and commercial premises to renovations and extensions as well as construction maintenance.
Strong end of the year and broadly met targets
”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 ha...
Continued good level of orders received and stable market prospects
”The first quarter always entails lower activity as a result of the season and weather. Since our acquisition of operations in mineral aggregates and paving, this pattern has become even more distinct. At the same time Peab’s overall business has become more diversified in terms of countries, products and customers. The first quarter presented i...
Higher net sales and improved operating profit - Half-year report January – June 2019
“Demand continues to be good but conditions vary depending on location and product. Peab´s net sales have grown and operating profit has improved during the first half-year of 2019. We continue to invest in our project development business and we are also expanding our industrial operations through the acquisition of YIT’s Nordic paving and mine...