Interim report Peab: Profitable growth and high level of orders received

Peab Interim report January – September 2021

”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”, says Jesper Göransson, President and CEO of Peab.

Summary according to segment reporting:

July – September 2021

• Net sales SEK 16,121 million (14,837)
• Operating profit SEK 1,101 million (844)
• Operating margin 6.8 percent (5.7)
• Pre-tax profit SEK 1,095 million (824)
• Earnings per share SEK 2.89 (2.25)
• Orders received SEK 13,865 million (11,718)
• Cash flow before financing SEK 781 million (1,683)
• Repayment of AGS premiums will have a positive effect on operating profit of around SEK 150 million in the fourth quarter

January – September 2021

• Net sales SEK 42,506 million (41,993)
• Operating profit SEK 1,852 million (1,716)
• Operating margin 4.4 percent (4.1)
• Pre-tax profit SEK 1,836 million (1,626)
• Earnings per share SEK 4.88 (4.38)
• Orders received SEK 41,405 million (37,546)
• Order backlog SEK 46,280 million (44,722)
• Cash flow before financing SEK 576 million (1,016)
• Net debt SEK 4,461 million (5,780)
• Net debt/equity ratio 0.3 (0.5)

For further information, please contact:

Jesper Göransson, President and CEO of Peab, is reached through

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45

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 27, 2021 at 8 a.m. CET.

Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 58 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it’s lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.

Tags: