Peabs year-end report 2003

Peab's Year-end report 2003 January - December 2003 Enclosed we hereby forward Peab's Year-end report 2003 - Net sales amounted to SEK 20 086 million (19 818) - Profit for the year amounted to SEK 226 million (488) - Profit share amounted to SEK 2.70 (5.80) - The foreign activities reduced the result by costs of SEK 194 million - Continued high order backlog amounting to SEK 13 590 (12 852) - The Board of Directors propose unchanged dividend of SEK 2.20 per share - We expect the Swedish building market 2004 to be at the same level as previous year. We start the year with good order backlog and an effective and profitable business in Sweden. After the measures we have taken in Norway and Finland, such as strengthen organizations, adjustments of valuable and supplementary acquisitions, profitability will be reached in these activities during 2004, says Peabs CEO Mats Paulsson. For further information contact: Mats Paulsson, CEO Peab +46 431 89 135 Mats Leifland, CFO Peab +46 70686 80 11 Gösta Sjöström, information manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00070/wkr0002.pdf http://www.waymaker.net/bitonline/2004/02/12/20040212BIT00070/wkr0003.pdf The full report

About Us

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and SEK 50 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.