Peab Quarterly report: Strong cash flow and stable level of orders received

Peab Quarterly report January – September 2020

”When we sum up the third quarter Peab’s positive development has clearly continued. The level of orders received has been stable and a strong cash flow has contributed to boosted financial position. The integration of our acquired units is progressing and operations are developing according to plan,” says Jesper Göransson, CEO and President of Peab.

Summary according to segment reporting:

July – September 2020

• Net sales SEK 14,837 million (13,301), of which acquired operations SEK 2,738 million
• Operating profit SEK 844 million (763), of which acquired operations net SEK 177 million
• Operating margin 5.7 percent (5.7)
• Pre-tax profit SEK 824 million (749)
• Earnings per share SEK 2.25 (2.14)
• Orders received SEK 11,718 million (9,349), of which acquired operations contributed by SEK 1,280 million
• Cash flow before financing SEK 1,683 million (-179)
• The Board proposes distribution of Annehem Fastigheter in the fourth quarter
• Revised financial goals will be presented in conjuncture with the year-end report 2020

January – September 2020

• Net sales SEK 41,993 million (39,491), of which acquired operations SEK 4,479 million
• Operating profit SEK 1,716 million (1,813), of which acquired operations net SEK 208 million
• Operating margin 4.1 percent (4.6)
• Pre-tax profit SEK 1,626 million (1,807)
• Earnings per share SEK 4.38 (5.15)
• Orders received SEK 37,546 million (32,034), of which acquired operations contributed by SEK 3,244 million
  Order backlog SEK 44,722 million (43,821)
• Cash flow before financing SEK 1,016 million (-70), of which acquisition payment was SEK -3,184 million
• Net debt SEK 5,780 million (8,474)
• Equity/assets ratio 32.0 percent (30.2)
• Acquisition of paving and mineral aggregates operations from YIT finalized on April 1, 2020

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 22 2020, 8 a.m. CEST.

Peab is a leading Nordic construction and civil engineering company with about 16,000 employees and about SEK 58 billion in net sales. The Group has strategically placed offices in Sweden, Norway, Finland and Denmark. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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