Peab´s half-year report January – June 2019

Higher net sales and improved operating profit

April – June 2019

  • Net sales SEK 14,336 million (13,453)
  • Operating profit SEK 821 million (677), divestiture of property from the partially owned company Acturum has affected operating profit positively by SEK 170 million
  • Operating margin 5.7 percent (5.0)
  • Pre-tax profit SEK 811 million (673)
  • Earnings per share SEK 2.33 (1.94)
  • Orders received SEK 10,817 million (16,257)
  • Cash flow before financing SEK -1,321 million (-704)
  • On July 4th Peab signed an agreement to acquire YIT´s Nordic paving and mineral aggregates business

January – June 2019

  • 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

“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.

For further information, please contact:

Jesper Göransson, President and CEO of Peab, is reached through
Kajsa Jacobsson, Press Officer Peab, +46 725-33 34 84

This information is information that Peab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at July 19, 2019, at 8:00 a.m. CET.

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Kajsa Jacobsson

Press Officer

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