Peab Year-end report January – December 2018

Report this content

Improved profit and increased dividends

October – December 2018

  • Net sales SEK 14,845 million (14,490)
  • Operating profit SEK 863 million (753)
  • Operating margin 5.8 percent (5.2)
  • Pre-tax profit SEK 839 million (825)
  • Earnings per share SEK 2.39 (2.31)
  • Orders received SEK 10,451 million (13,039)
  • Cash flow before financing SEK 949 million (1,508)

January – December 2018

  • Net sales SEK 52,233 million (49,981)
  • Operating profit SEK 2,573 million (2,418)
  • Operating margin 4.9 percent (4.8)
  • Pre-tax profit SEK 2,518 million (2,458)
  • Earnings per share SEK 7.12 (7.01)
  • Orders received SEK 51,087 million (48,999)
  • Order backlog SEK 45,819 million (40,205)
  • Cash flow before financing SEK -1,021 million (2,295)
  • Net debt SEK 3,551 million (1,216)
  • Equity/assets ratio 30.4 percent (32.2)
  • The Board proposes a dividend of SEK 4.20 (4.00)
    per share

 “After a strong finish we can conclude that 2018 was a stable year in which our business developed positively. Net sales, profits and margins all grew and we start 2019 with a large and well diversified order backlog. Based on this the Board proposes dividend is raised to SEK 4.20 per share”, says Peab´s CEO Jesper Göransson.

For further information, please contact:

Jesper Göransson, CEO, +46 431-89338  
Camila Buzaglo, CCO, +46 70-5453269 

This information is information that Peab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at February 8, 2019, 8:00 a.m. CET.

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 52 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

Tags:

Subscribe

Quotes

After a strong finish we can conclude that 2018 was a stable year in which our business developed positively
Peab´s CEO Jesper Göransson