Peab’s half-year report January – June 2010
Operative net sales increased to SEK 17,203 million (17,131)
Operative operating profit amounted to SEK 591 million (707)
Earnings per share before dilution amounted to SEK 1.36 (1.91)
Orders received during the first half year increased by 9 percent to SEK 19,161 million (17,500). The amount of orders received during the second quarter was an all time high of SEK 10,570 million
Order backlog for Construction and Civil Engineering increased by 9 percent to
SEK 29,039 million (26,728)
Continued positive development in housing construction
- Developments on the market during the second quarter of 2010 confirm the continuation of the positive trend from the first quarter. The Nordic construction market has accelerated particularly in Sweden and Peab noted the highest level of orders received ever during a single quarter. The growth is spread out in all of Peab’s markets and in most of our product segments. We anticipate a good growth in construction and access to competent personnel will be a factor for success, says Peab’s CEO and President Mats Paulsson.
For additional information, please contact:
Gösta Sjöström, CIO +46 733 371010
Mats Leifland, IR +46 733 371006
Jesper Göransson, CFO +46 733 371013
Jan Johansson, Deputy CEO +46 733 374000
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 7.00 a.m. on 24 August 2010.
Previous press releases from Peab are available at www.peab.com
Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 13,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.