Quarterly Report: Continued good level of orders received and stable market prospects
Peab Quarterly Report January – March 2021
”The first quarter always entails lower activity as a result of the season and weather. Since our acquisition of operations in mineral aggregates and paving, this pattern has become even more distinct. At the same time Peab’s overall business has become more diversified in terms of countries, products and customers. The first quarter presented improved margins in construction contract operations and housing developments, a good level of orders received and a strong financial position”, says Jesper Göransson, President and CEO of Peab.
Summary according to segment reporting:
January – March 2021
- Net sales SEK 11,216 million (11,638)
- Operating profit SEK -73 million (211)
- Operating margin -0.7 percent (1.8)
- Pre-tax profit SEK -67 million (141)
- Earnings per share SEK -0.19 (0.41)
- Orders received SEK 14,446 million (12,608)
- Order backlog SEK 47,286 (44,151)
- Cash flow before financing SEK -108 million (1,597)
- Net debt SEK 4,045 million (4,186)
- Net debt/equity ratio 0.3 (0.3)
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 May 6, 2021, 1 p.m. CET.
Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 57 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.
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