Peab’s four business areas
Peab’s operations consist of four cooperating and specialized business areas structured based on the prerequisites of each market and divided by geography and product segment. Last year’s development and result in the Board of Director’s Report can be found here.
Business area construction
Focus on quality in a strong construction market
Performs contract work for both external and internal customers. Construction projects, often with local roots close to customers, include everything from new production of housing, public and commercial premises to renovations and extensions as well as construction maintenance. Consists of eleven regions in Sweden, three in Norway and two in Finland. Regions specialized in housing production in Stockholm, Gothenburg and the Öresund region.
Trends and driving forces
Strong underlying need for housing, to a certain extent concentrated to big city areas but growing in smaller towns as well. Rapid march toward digitalization that permeates the process from the drawing board through production.
Peab’s position
One of the largest players in Sweden in terms of net sales and number of employees. Peab has considerable operations in Norway and Finland.
Net sales
SEK 26.7 billion
Share of Group net sales
45%
Net sales per customer type and geographical market
Employees
6,685
Share of total number of employees in the Group
Business area Civil Engineering
Investing in skills and resources for a changing market
Builds and maintains infrastructure such as roads, railroads and bridges. Focused on the local market it works with landscaping and pipelines, foundation work and builds different kinds of facilities. In addition, operates and maintains national and municipal highways and street networks as well as cares for parks and outdoor property. Organized in geographic regions and specialized product areas.
Trends and driving forces
The Nordic civil engineering market is characterized by investments in infrastructure projects; in Sweden and Norway primarily in the form of an increasing number of complex projects. Intense competition on every market from several non-Nordic companies.
Peab’s position
Leading civil engineering player in Sweden with operations in both Norway and Finland.
Net sales
SEK 11.8 billion
Share of Group net sales
20%
Net sales per customer type and geographical market
Employees
3,344
Share of total number of employees in the Group
Business area Industry
Strong position in the Nordic construction and civil engineering market
Comprehensive supplier of products and services needed for a construction and civil engineering project. Offers industrial construction, strategically placed quarries, asphalt and concrete as well as rental of construction equipment and cranes. Organized in six product segments complemented by a number of strong, local brands.
Trends and driving forces
Market development usually follows developments in the economy. Positive tendencies in general and the Swedish and Norwegian operations continuously gained strength during 2017 due to increased demand for concrete, gravel and rock as well as asphalt and rentals.
Peab’s position
One of the leading players in all segments in Sweden. Active in selected segments in Norway and Finland.
Net sales
SEK 12.8 billion
Share of Group net sales
21%
Net sales per customer type and geographical market
Employees
3,452
Share of total number of employees in the Group
Business area Project Development
Develops sustainable urban environments, homes and commercial properties
Responsible for acquisition, development and sales of housing, commercial property and entire city districts. Project development takes place in wholly owned projects or in joint ventures with other partners. Housing Development is responsible for housing concepts for private customers. Property Development acquires, develops, manages and divests commercial properties.
Trends and driving forces
Market conditions are considered good due to a strong underlying need for housing, even if there are some parts of the market where there is a surplus of more expensive housing. There is still a strong demand for modern offices in the right locations as well.
Peab’s position
One of the largest housing developers in Sweden with major operations in both Norway and Finland. Peab is a smaller player in commercial property development in Sweden, Norway and Finland.
Net sales
SEK 8.6 billion
Share of Group net sales
14%
Net sales per customer type and geographical market
Employees
361
Share of total number of employees in the Group
