Year-end Report January-December 2016 - Improved profitability and strong cash flow
October - December 2016
• Operative net sales SEK 13,795 million (12,128)
• Operative operating profit SEK 641 million (-220)
• Operative operating margin 4.6 percent (-1.8)
• Pre-tax profit SEK 668 million (-224)
• Earnings per share SEK 1.90 (-0.46)
• Orders received SEK 10,367 million (9,704)
• Cash flow before financing SEK 2,024 million (709)
January - December 2016
• Operative net sales SEK 46,489 million (44,252)
• Operative operating profit SEK 2,075 million (1,052)
• Operative operating margin 4.5 percent (2.4)
• Pre-tax profit SEK 2,050 million (906)
• Earnings per share SEK 5.85 (2.71)
• Orders received SEK 41,445 million (37,812)
• Order backlog SEK 33,572 million (26,991)
• Cash flow before financing SEK 2,651 million (1,787)
• Net debt SEK 1,862 million (3,118)
• Equity/assets ratio 29.7 percent (28.8)
• The Board proposes a dividend of SEK 3.60 (2.60) per share
“Our business model with four complementary business areas gives us a good position in the future in a market with stable conditions. Our improvement work is producing results and we are clearly on the right road. Our capital intensive operations in Industry and Project Development are generating substantial earnings and the contract operations in Construction and Civil Engineering are showing stable results in a market characterized by tough competition, shortage of resources and high expenses. Looking at the Group as a whole we are very pleased to note we have achieved all our financial goals in 2016”, says Peab’s CEO Jesper Göransson.
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 below, at February 10, 2017, 08:00 a.m. CET.
For further information, please contact:
Jesper Göransson, CEO +46 431 89338
Charlotte Hagö, CIO +46 725 334545
Peab is one of the leading Nordic construction and civil engineering companies with more than 14,000 employees and net sales of over SEK 46 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.
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