Profitable growth and a high level of orders sums up this year's third quarter. Operating margins continue to improve in both the construction contract businesses and housing development, which is the result of several years of committed work.
We’re very pleased with this collaboration. This is both a significant and exciting project for us where we can really put our expertise to good use.
We’re proud to have been entrusted to build the final stage of the borough. As the Nordic Community Builder it feels good to participate in the development of Librobäck and simplify everyday life for people in Uppsala.
This is a substantial and significant project for us. The buildings, construction materials and construction process will all meet stringent requirements for energy consumption, chemicals and quality. In addition, all the carpentry and the concrete work will be done by our own skilled craftsmen and trainees.
Peab has long and broad expertise in building and renovating heavily trafficked environments such as in the recently completed project of lowering E45 and building the new Gullberg Tunnel in central Gothenburg. Naturally we’ll bring all that experience into play when we renovate Tingstad Tunnel. We look forward to continuing our good working relationship with the Swedish Transport Administration and our other partners.
We’re very pleased to be building a modern and attractive high school and vocational school that are important for the entire region. In doing so we’re really living up to Peab’s goal to be a local community builder. We’ve developed this project over a long time with our customer, users and other partners and now we look forward to getting started.
We’re very happy that Vattenfall will continue to rely on Peab to deliver electricity grid services. We’ve had a similar contract and look forward to continuing to develop our collaboration for the next three years at the very least.
We’re very happy that Eon will continue to rely on Peab to deliver project services. We’ve had a similar contract and look forward to developing our collaboration for the next four years at the very least. Naturally we’re proud to participate in Eon’s work on creating a more sustainable energy alternative.
Peab has ambitious climate and environmental targets, and this is an important step for us to reach climate neutrality by 2045. We already have several initiatives in place to reduce our climate impact – from our business model with locally produced community building to our growing family of ECO products. Access to fossil free steel will further increase our opportunities. Our collaboration on fossil free steel is also a natural development of the good relation Peab and SSAB already have in terms of climate efficiency.
This is a very good job for Peab. We are proud over the opportunity to contribute together with Lunds Kommuns Fastighets AB to more residential options for people living in Lund.
Since this project entails working with school buildings from different periods we can really take advantage of our expertise in renovating and building schools. We’re particularly proud to carry out this project in Åbo and thereby consolidate Peab’s position in the region.
We have a lot of experience renovating school buildings in the capital region. We’re pleased that we can now carry out this project and continue to take advantage of the expertise in our organization.
We really look forward to starting up collaboration with Avain Rakennuttaja and building these homes in Järvenpää.
We’ve already built a K-6 school in the area so we are particularly pleased to continue contributing to community building by erecting a middle school in Stenungsund. As community builders we take being part of the vital work of creating a school that will exist for many generations to come very seriously. Peab is the construction company that builds the most schools in the country, which means we have broad expertise and experience in the field.
We’re ready to get this project going. Ground conditions are good and we expect an efficient construction process and high quality delivery. All the carpentry and parts of the concrete work will be done by our own craftsmen and we’ll include trainees in the project.
It’s a given for Peab to work locally and contribute to business that strengthens our communities, generates jobs and helps our customers and partners to be successful. Collaboration with Koenigsegg is therefore also an opportunity to contribute together to the development of Ängleholm.
I’m very pleased that Peab together with Kunskapsporten can contribute to developing Kalmar through a new swimming pool and fitness center that will offer a lot of opportunities for Kalmar residents. This is a positive community development that we are happily part of.
Our latest project together has just been completed and is ready to be turned over to our customer. This new project will be a great continuation of our successful collaboration with Sato. We are proud to be able to contribute to augmenting residential options for people in Vantaa.
We are proud to carry out this extensive and important project. Building a production plant for this kind of food requires a special know-how and expertise that we have acquired over time in our previous collaborations with Atria.
We collaborate well and have already completed several successful projects. We began planning this project back in 2019 and are really pleased to get started now, thereby continuing to contribute to building the community of Turku.
We’re already building housing in the area and appreciate the opportunity to continue to develop the city together with Eskilstuna Municipality and Eskilstuna kommunfastigheter. We’re pleased to be part of Eskiltuna’s further development by contributing with a new school and rental apartments.
We’re very pleased over all the interest in our green bonds. This issue is a further step in our work to transform our business into being climate neutral. It also shows how we strive to make sustainability an integral part of all aspects of our operation.
We’re very happy to have been entrusted with building this senior assisted living in Wilhelmsro. This is an interesting and important project where we can contribute to developing the local community. We look forward to carrying it out in the best possible way.
As community builders being part of the urban development in Veddesta in Järfälla Municipality is naturally a great opportunity. We contribute to a broader range of residences by building both tenant-owner and rental apartments as well as planning for the possibility of some service and commercial operations in the area. This deal also generates work for the other business areas in the Peab Group.
As a local actor and community builder in northern Norway it’s fantastic to sign a contract for such an important project in this part of the country. We look forward to getting started in Evenes and are pleased to have several local subcontractors and suppliers with us in this project.
This is an exceptional project. We’re pleased to have been entrusted with it and look forward to taking on this work together with everyone involved. The prison has more than 100 years of history and with that perspective it’s really great that the building will be taken of and put to good use.
Margin improvements in construction contract operations and housing development continued in the second quarter along with a stable level of orders received. The market outlook remains good which Peab’s increasingly diversified business regarding countries, products and customers is taking advantage of.
We see good demand for efficient warehouse and logistics facilities in attractive locations and are therefore happy to be able to develop this logistics project. Peab will man the project from our two offices in Trollhättan and Uddevalla so local presence will be a major strength in this project.
The acquisition of HGT is part of our investment in Vestlandet. Within civil engineering we’re currently strong in ports and sea as well as concrete in this region and this acquisition strengthens our position in groundwork and traditional civil engineering projects. We’ll acquire local knowledge and roots, which is important for us as local community builders.
This contract means a great deal to us. It allows us to use our civil engineering expertise and further develop it for the future all the while the project is a major gain for the environment. As local community builders it’s important for us to reduce our climate footprint and participate in projects that contribute to lowering emissions.
We look forward to working together with Härryda Vatten och Avfall AB to complete an important step in the planned expansion of the municipal water and wastewater system. As a community builder we’re naturally proud to be part of contributing to a safe and secure supply of drinking water to the people living in Härryda.
As a local community builder we are incredibly happy about this project. Building schools has always been an important part of our business and only last fall Peab delivered three fantastic schools in Narvik, Stokmarknes and Evenes. The project in Sørreisa gives us the opportunity to further develop our organization in Midt-Troms and we intend to recruit both craftsmen and white-collar workers.
The strong demand for rental apartments has provided us with good opportunities to develop more property into rental apartment projects. Being able to offer both tenant-owner and rental apartments in the coming years creates a good platform for operations in business area Project Development as well as the Group’s other business areas. Naturally we are also happy to be able to contribute to the range of housing alternatives in more municipalities.
As the Nordic Community Builder we are pleased to be part of the extension of the new subway, thereby helping to create better conditions for mass rapid transit for people in Stockholm.
We’re very pleased to again have been entrusted with helping Lantmännen to modernize and increase its production capacity as well as being able to contribute to a more sustainable logistics flow.
We’re proud to continue our good collaboration with Fredensborg Bolig after having recently worked together on the project Waldemars Tårn at Alexander Kielland Square in Oslo.
We’re very pleased to be part of building two new bridges that improve traffic safety and bearing capacity. Participating in making sure we have safe and reliable bridges is important work for us as community builders and we are proud of it. We have found a number of synergies between the two bridges such as technical constructions already now in the planning stage.
We’re happy for the opportunity to continue to develop Åre and to do it together with Skiab. This is a growing community and it feels good to contribute to this positive development with more housing. By collaborating with our civil engineering colleagues, our subcontractors and our suppliers we can use local resources and competence to make this project locally produced.
As a community builder we’re happy we can simplify life for people living in Åkersberga. It’s important to meet the growing need for service so we look forward to being part of building Maxi ICA.
We’re proud to do yet another project for Karlskronahem. This project contributes to new residential options for people living in Karlskrona. Building homes is one of Peab’s areas of expertise.
This railroad stretch is an important section of infrastructure and we look forward to being part of enabling more environmentally adapted transportation by building double tracks on it. Our previous experience and expertise compiled from other railroad projects we’ve done will serve us well.
We’re really pleased to contribute to improving traffic safety and passability on yet another section of Hisingsleden. Participating in ensuring road safety in Gothenburg is an important mission for us as community builders and we are proud of it.
We’re very proud to carry out this project and contribute to new residential choices for the people living in Oulu. Building homes is one of Peab’s areas of expertise.
I’m very happy that we could bring in Mats Norberg to be the new MD of Swerock. Mats has extensive experience in the industry and has worked in several management positions at NCC, among them in paving and groundwork. I’m convinced that with his background Mats will continue to develop Swerock successfully.
We’re really pleased to be working together with Pilares. This is an important project in our efforts to increase our involvement and investments in Buskerud.
We continue to strengthen business area Industry’s offer and local presence in Norway through this acquisition in Trøndelag. It provides us with a long-term supply of mineral aggregates in the region primarily via quarry operations, all the while recycling is natural part of Frøseth’s operations. We know Frøseth well after working together for so many years and we are very happy to now welcome the employees in this well-managed company into Peab and Swerock.
In recent years Peab has invested considerable resources in project development and we plan to continue with this strategy. In some cases we run project development business in partnership because we see that this can add to our expertise. SkiStar is a leading destination developer in Scandinavian mountain areas and owning Skiab Invest AB with SkiStar creates a good platform to succeed in new projects on Swedish and Norwegian mountainsides.
Naturally we’re really pleased to contribute with this section of road as well to improving traffic safety and passability on E20. The biggest challenge when we build roads is always minimizing the effects on passing traffic while putting very high demands on safeguarding our personnel.
As a local community builder we are very proud to have signed the contract to build this fantastic school. This is a project with significant impact on the local community that gives us the opportunity to contribute to higher employment in Kautokeino by both using local suppliers and purchasing and recruiting locally.
We see good demand for efficient warehouse and logistics properties in attractive locations and are therefore pleased to be able to develop this logistics project. Almnäs has great potential and can offer a number of good freight solutions, which makes it an important logistics hub for Swedish business.