Peab’s Year-end Report, January-December 2014

Peab’s development during 2014 has met our expectations and this is most clearly manifested in our stabilized and more efficient operations, our improved profitability and strong financial position.

• Operative net sales amounted to SEK 43,820 million (42,765)

• Operative operating profit was SEK 1,783 million (593). The operating margin improved to 4.1 percent (1.4). Last year’s operating profit was charged with one-off costs of SEK 920 million

• Write-downs of interest-bearing receivables regarding Northland has charged financial items by SEK 261 million and operating profit by SEK 33 million in shutting down costs

• Earnings per share amounted to SEK 3.48 (1.01)

• Orders received during the year amounted to SEK 31,690 million (34,292)

• Order backlog amounted to SEK 24,922 million (28,164)

• Positive cash flow before financing of SEK 2,803 million (624)

• Net debt fell to SEK 3,886 million (5,948)

• Equity/assets ratio 28.2 percent (24.0)

• The Board proposes a dividend of SEK 2.25 (1.80) per share

– Through our action plan we have taken important steps for better competitiveness, a healthier level of profits and a reinforced financial position. There are still many ways we can improve our business but this will take place in a changing industry with more players and this will require a more complex business model. With our competent staff we will take on the task of creating an even better company, says Peab’s CEO and President Jesper Göransson.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 12 February 2015 at 8.00 a.m.

For further information, please contact:
Jesper Göransson, CEO and President Peab, +46 431 89 338
Niclas Brantingson, CIO Peab, +46 733 37 20 06

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 43 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

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