Half-year report: Improved operating margin and good order situation

Peab Half-year report January – June 2021

”Margin improvements in construction contract operations and housing development continued in the second quarter along with a stable level of orders received. The market outlook remains good which Peab’s increasingly diversified business regarding countries, products and customers is taking advantage of”, says Jesper Göransson, President and CEO of Peab.

Summary according to segment reporting:

April – June 2021

•                     Net sales SEK 15,169 million (15,518)

•                     Operating profit SEK 824 million (661)

•                     Operating margin 5.4 percent (4.3)

•                     Pre-tax profit SEK 808 million (661)

•                     Earnings per share SEK 2.18 (1.72)

•                     Orders received SEK 13,094 million (13,220)

•                     Cash flow before financing SEK -97 million (-2,264)

 

January – June 2021

•                     Net sales SEK 26,385 million (27,156)

•                     Operating profit SEK 751 million (872)

•                     Operating margin 2.8 percent (3.2)

•                     Pre-tax profit SEK 741 million (802)

•                     Earnings per share SEK 1.99 (2.13)

•                     Orders received SEK 27,540 million (25,828)

•                     Order backlog SEK 46,684 million (46,123)

•                     Cash flow before financing SEK -205 million (-667)

•                     Net debt SEK 5,424 million (6,614)

•                     Net debt/equity ratio 0.4 (0.5)

 

For further information, please contact:

Jesper Göransson, President and CEO of Peab, is reached through

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45

 

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 16, 2021, 8 a.m. CET.

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