Higher net sales and stable operating profit

Peab´s Quarterly report January – September 2019

July – September 2019

  • Net sales SEK 13,001 million (12,445)
  • Operating profit SEK 727 million (743). Charged with SEK 40 million
    referring to acquisition costs from the deal with YIT
  • Operating margin 5.6 percent (6.0)
  • Pre-tax profit SEK 706 million (750)
  • Earnings per share SEK 2.00 (2.05)
  • Orders received SEK 9,349 million (11,473)
  • Cash flow before financing SEK -341 million (-876)

January – September 2019

  • Net sales SEK 38,696 million (37,388)
  • Operating profit SEK 1,813 million (1,710)
  • Operating margin 4.7 percent (4.6)
  • Pre-tax profit SEK 1,786 million (1,679)
  • Earnings per share SEK 5.09 (4.73)
  • Orders received SEK 32,034 million (40,636)
  • Order backlog SEK 43,821 million (48,036)
  • Cash flow before financing SEK -1,103 million (-1,970)
  • Net debt SEK 7,942 million (4,441). Excluding additional
    IFRS 16, Leases net debt was SEK 7,169 million
  • Equity/assets ratio 29.6 percent (29.4). Excluding additional
    IFRS 16, Leases the equity/assets ratio was 30.1 percent

“Peab’s net sales have grown and operating profit has improved during the first three quarters of 2019. We continue to work on our strategic focal points through investments in operations. We are successively increasing our holdings in development projects and completed properties in Project Development. In Industry we are preparing for the takeover of YIT’s operations in mineral aggregates and paving, which is expected to be implemented at the beginning of 2020", says Jesper Göransson, CEO and President of Peab.

For further information, please contact:

Jesper Göransson, CEO and President, is reached through
Kajsa Jacobsson, Press Officer Peab, cell: +46 725-33 34 84

This information is information that Peab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at October 24, 2019, 8:00 a.m. CET.

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and approximately SEK 54 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 54 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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Peab’s net sales have grown and operating profit has improved during the first three quarters of 2019. We continue to work on our strategic focal points through investments in operations. We are successively increasing our holdings in development projects and completed properties in Project Development. In Industry we are preparing for the takeover of YIT’s operations in mineral aggregates and paving, which is expected to be implemented at the beginning of 2020
Jesper Göransson, CEO and President of Peab