Peab and Peab Industri have built a profit-sharing foundation for employees

Peab and Peab Industri have, for the financial year 2007, jointly put SEK 100 million (including payroll taxes), whereof Peab SEK 75 million and Peab Industri SEK 25 million into a newly created profit-sharing foundation. The profit-sharing foundation replaces the previous profit-sharing scheme in the Groups. In accordance with the foundation’s investment policy, the majority of the funds will be placed in shares in Peab and Peab Industri.

The individual annual profit-share will be related to the employee’s countable number of months of employment. An employee can withdraw their share in the foundation upon retirement.

The purpose of the profit-sharing scheme is to:
• create a higher level of participation through employee ownership
• create better financial conditions for employees upon retirement
• create a greater understanding for profitability in the companies
• stimulate interest in long-term employment in the companies

− Employees should definitely have a share in the surplus they help to generate. Building a profit-sharing foundation is a good way to create a tighter bond between the company and our employees. It is also a long-term reward for a job well done, comments Mats Paulsson Chairman of the board, Peab Industri.

For additional information, please contact:
Niclas Winkvist, CFO Peab Industri +46 431 44 96 00
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


Previous press releases from Peab Industri are available at www.peabindustri.com.