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 ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: The full report

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Peab is one of the leading Nordic construction and civil engineering companies with about 15,000 employees and net sales of SEK 49 billion. The Group has strategically located offices in Sweden, Norway and Finland. The Peab's registered office is located in Förslöv on Cap Bjäre in south of Sweden. The Peab share is listed on Nasdaq Stockholm