New report structure in Peab

After the acquisition of Peab Industri, Peab’s operations consist of construction and civil engineering production as well as supplying products and services to the construction and civil engineering markets. Peab is active in Sweden, Norway and Finland.

The acquisition of Peab Industri has led to a review of Peab’s report structure.

Previous business areas
CONSTRUCTION SWEDEN
Construction in Sweden is organised into five divisions (South, West, Housing, Stockholm House and Northeast)
CONSTRUCTION ABROAD
Construction in Norway and Finland
CIVIL ENGINEERING
Business area civil engineering consists of the civil engineering related operations
ADMINISTRATION/MANAGEMENT
Central companies and group-wide expenses

Business areas from the fourth quarter 2008
CONSTRUCTION
All construction will now be gathered into the business area Construction. The volume of the operations in Construction Abroad can be compared with that of a Swedish construction division, and therefore Construction Abroad has been merged with Construction Sweden to form a new business area (Construction)
CIVIL ENGINEERING
This business area has not changed (Civil Engineering)
INDUSTRY
Peab Industri will be reported as a new business area (Industry)

Administration /Management will cease to exist as a business area and will be reported as a special post called Group functions.


In the year-end report for 2008 the business areas will be presented in the following manner:

Recalculated business areas per quarter

Net Sales 2008 2008 2008 2008 2008 2007
MSEK Jan-Sep Jul-Sep Jan-Jun Apr-Jun Jan-Mar Jan-Dec
Construction 19,427 5,93 13,497 7,291 6,206 25,476
Civil 6,329 2,322 4,007 2,291 1,716 7,933
Engineering
Industry 6,37 2,531 3,839 2,41 1,429 7,414
(pro-forma)
Group 62 18 44 22 22 124
functions
Eliminations -3,23 -1,122 -2,108 -1,219 -889 -4,007
Total incl. 28,958 9,679 19,279 10,795 8,484 36,940
Industry
Total excl. 24,724 7,891 16,833 9,203 7,630 31,977
Industry

Operating
profits 2008 2008 2008 2008 2008 2007
MSEK Jan-Sep Jul-Sep Jan-Jun Apr-Jun Jan-Mar Jan-Dec
Construction 937 326 611 375 236 1,114
Civil 290 127 163 105 58 352
Engineering
Industry 641 300 341 270 71 762
(pro-forma)
Group -121 -49 -72 -40 -32 -205
functions
Eliminations -1 0 -1 -2 1 0
Total incl. 1,746 704 1,042 708 334 2,023
Industry
Total excl. 1,106 404 702 440 262 1,261
Industry


Operating
margin 2008 2008 2008 2008 2008 2007
Jan-Sep Jul-Sep Jan-Jun Apr-Jun Jan-Mar Jan-Dec
Construction 4,80% 5,50% 4,50% 5,10% 3,80% 4,40%
Civil 4,60% 5,50% 4,10% 4,60% 3,40% 4,40%
Engineering
Industry 10,10% 11,90% 8,90% 11,20% 5,00% 10,30%
(pro-forma)
Group
functions
Eliminations
Total incl. 6,00% 7,30% 5,40% 6,60% 3,90% 5,50%
Industry
Total excl. 4,50% 5,10% 4,20% 4,80% 3,40% 3,90%
Industry
Consolidated accounts and pro-forma accounts in the fourth quarter

Peab Industri, which was successively acquired starting on 15 December 2008, will be consolidated into the Peab Group balance sheet from 31 December 2008. Peab Industri will be reported as 0 in the income statement for 2008 since there only a few days of business remained in the fiscal year at the time of acquisition.

Peab Industri will be included in a pro-forma income statement for 2008 as if Peab had owned Peab Industri the entire year.

For additional information, please contact:
Jesper Göransson, CFO, Peab +46 733 371013
Gösta Sjöström, CIO, Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10 a.m. on 23 January 2009.

Previous press releases from Peab are available at www.peab.com