Quarterly Report Peab: Stable quarter but greater uncertainty

Peab Quarterly report January – March 2020

”The first quarter 2020 must be considered unique. We entered the year with stable market prospects but when we closed the books the picture was dramatically different. The underlying profit from our business areas was stable in the quarter and Peab’s good financial position, high level of orders and a tried and true business model is the solid platform we stand on to face growing uncertainty,” says Jesper Göransson, CEO and President of Peab.

Summary according to segment reporting:

  • Net sales SEK 11,638 million (11,663)
  • Operating profit SEK 211 million (266)
  • Operating margin 1.8 percent (2.3)
  • Pre-tax profit SEK 141 million (276)
  • Earnings per share SEK 0.41 (0.77)
  • Orders received SEK 12,608 million (11,868)
  • Order backlog SEK 44,151 million (47,532)
  • Cash flow before financing SEK 1,597 million (1,256)
  • Net debt SEK 4,186 million (5,323)
  • Equity/assets ratio 33.8 percent (31.6)
  • Real estate company Annehem Fastigheter founded
  • Acquisition of paving and mineral aggregates operations from YIT finalized on April 1, 2020
 

For further information, please contact:

Jesper Göransson, President and CEO of Peab, is reached through Juha Hartomaa, Head of Investor Relations Peab, cell: +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 2020, 1 p.m. CET.

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