Arbitration in the case of Mall of Scandinavia has been decided – pre-tax profit positively affected by SEK 790 million in the second quarter
A decision in the case between Peab and Unibail Rodamco Westfield regarding the contract for Mall of Scandinavia in Solna was handed down on June 30, 2023. The judgement entails a positive effect on Peab’s operating profit by SEK 400 million in the second quarter. The effect on pre-tax profit is SEK 790 million in the second quarter. Cash flow will be positively affected by approximately SEK 1,400 million in the third quarter.Peab received the contract for Mall of Scandinavia in December 2010 and the mall was completed and ready for inauguration November 2015. Peab believed it was entitled