Peab’s Year-end report

January – December 2008


• Net sales increased by 7 percent to SEK 34 132 million (31 977), pro forma including Peab Industri, net sales increased by 8 percent to SEK 39 762 million (36 940)

• Operating profit increased by 7 percent to SEK 1 349 million (1 261), pro forma including Peab Industri, operating profit increased by 9 percent to SEK 2 202 million (2 023)

• Profit for the year amounted to SEK 1 093 million (811), pro forma including Peab Industri, profit for the year amounted to SEK 1 724 million (1 254)

• Earnings per share before dilution amounted to SEK 6.56 (4.92), pro forma including Peab Industri, profit per share amounted before dilution to SEK 6.10 (4.28)

• Order back log for Construction and Civil Engineering totalled SEK 24 233 million

• The Board proposes a dividend of SEK 2.25 (2.25) per share

- Considering the intense activity in ongoing production during the year and the strong result, 2008 was a very good year for Peab. However, the economy began to slow down in the second half of the year and fell drastically in the fourth quarter. Through the incorporation of Peab Industri, we have adapted Peab to the new market situation and the new Peab will be financially stronger than each company was separately "says CEO Peab Mats Paulsson.

Peab Industri has been consolidated into the Peab Group balance sheet from 31 December 2008. Peab Industri has not been integrated into the income statement for 2008 since only a few weekdays remained of the fiscal year after acquisition. Peab Industri is recorded in the pro forma income statements for 2007 and 2008 as if it had been owned by Peab 100 percent both years.

For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
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 7.00 p.m. on 12 February 2009.

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