Peab’s Year-end report January-December 2009

• Net sales increased by 3 percent to SEK 35,140 million (34,132). Compared with pro forma including Peab Industri net sales fell by 12 percent
   
• Operating profit amounted to SEK 1,601 million (1,349). Operating profit pro forma including Peab Industri for the comparable year amounted to SEK 2,202 million
   
• Profit for the year amounted to SEK 1,321 million (1,093). Pro forma including Peab Industri, profit for the comparable year amounted to SEK 1,724 million
   
• Earnings per share before dilution amounted to SEK 4.59 (6.56). Pro forma including Peab Industri, earnings per share before dilution for the comparable year amounted to SEK 6.10
   
• Order backlog for Construction and Civil Engineering increased to SEK 24,487 million (24,233)
   
• Strong cash flow in the fourth quarter
   
• The Board proposes an increase in dividends to SEK 2.50 (2.25) per share

- We started 2009 in a haze of uncertainty and with the knowledge that it would be a tough year with a soft market in Nordic construction. Now that we are on the other side of 2009 we can notch up another good year for Peab. After a weak beginning the market has gradually stabilised as the year passed. Our civil engineering operations are a big part of this development and, as we anticipated, they have created a stable platform, says Peab’s MD and CEO Mats Paulsson.

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 17 February 2010.

Link to the report >>