Higher net sales and improved operating profit - Half-year report January – June 2019

“Demand continues to be good but conditions vary depending on location and product. Peab´s net sales have grown and operating profit has improved during the first half-year of 2019. We continue to invest in our project development business and we are also expanding our industrial operations through the acquisition of YIT’s Nordic paving and mineral aggregates business. The agreement was signed in the beginning of July and the takeover is expected to occur on January 1, 2020,” says Jesper Göransson, CEO and President of Peab.

  • Net sales SEK 25,695 million (24,943)
  • Operating profit SEK 1,086 million (967)
  • Operating margin 4.2 percent (3.9)
  • Pre-tax profit SEK 1,080 million (929)
  • Earnings per share SEK 3.09 (2.68)
  • Orders received SEK 22,685 million (29,163)
  • Order backlog SEK 45,873 million (47,453)
  • Cash flow before financing SEK -762 million (-1,094)
  • Net debt SEK 7,241 million (3,592). Excluding additional IFRS 16 Leases, net debt was SEK 6,414 million
  • Equity/assets ratio 27.6 percent (29.2). Excluding additional IFRS 16 Leases, the equity/assets ratio was SEK 28.1 percent
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