”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.
Photo: Peter Steen
The report
The telephone conference
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 3 (0.3)
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