Increased sales with an improved operating profit

July – September 2018

  • Net sales SEK 12,445 million (11,595)
  • Operating profit SEK 743 million (714)
  • Operating margin 6.0 percent (6.2)
  • Pre-tax profit SEK 750 million (705)
  • Earnings per share SEK 2.05 (1.98)
  • Orders received SEK 11,473 million (10,651)
  • Cash flow before financing SEK -876 million (104)

January – September 2018

  • Net sales SEK 37,388 million (35,491)
  • Operating profit SEK 1,710 million (1,665)
  • Operating margin 4.6 percent (4.7)
  • Pre-tax profit SEK 1,679 million (1,633)
  • Earnings per share SEK 4.73 (4.70)
  • Orders received SEK 40,636 million (35,960)
  • Order backlog SEK 48,036 million (40,211)
  • Cash flow before financing SEK -1,970 million (787)
  • Net debt SEK 4,441 million (2,347)
  • Equity/assets ratio 29.4 percent (30.4)

    “Peab continued to develop positively during the third quarter and all the business areas except Project Development presented an improved operating profit. The market situation continues to be good with a stable demand in Sweden, Norway and Finland. Thanks to the wide range of our business we can handle a downturn in some product areas with an upturn in others”, says Jesper Göransson, CEO Peab.

    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 below, at November 9, 2018 8:00 a.m. CET.

For further information, please contact:
Jesper Göransson, CEO, +46 431-89338  
Camila Buzaglo, CCO, +46 70-5453269

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 51 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 53 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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Quotes

Peab continued to develop positively during the third quarter and all the business areas except Project Development presented an improved operating profit. The market situation continues to be good with a stable demand in Sweden, Norway and Finland
Jesper Göransson, CEO Peab