Annual and Sustainability Report 2019
locally engaged community builder
Tromsøbadet
Tromsø
Four collaborating business areas provide long-term growth
After a year characterized by stable development we started 2020 with a well-filled order backlog amounting to SEK 42.5 billion (45.8) and a strong financial position. Keeping in mind the dramatic start of 2020 due to the spread of the coronavirus it is important to underline that our lasting stability is built on a business model where our four business areas complement each other, give Peab breadth and spread risks. This provides us with a unique platform that ensures long-term growth.
Business model
Four collaborating business areas create added value
Peab is characterized by a decentralized and cost-efficient organization with four cooperating business areas whose operations are based on local entrepreneurship close to customers. Our business model with four business areas creates opportunities throughout the value chain in a construction project.
Business area Construction works with everything from new construction of homes, public and commercial premises to renovations and extensions as well as offering construction services.
Business area Civil Engineering is active on the local civil engineering market as well as in larger Nordic infrastructure projects like highways, railroads and bridges. It also operates and maintains streets and roads.
Business area Industry delivers, among other things, ballast, concrete, asphalt, temporary electricity and prefabricated concrete elements to external customers and the other business areas in Peab. The business area also provides cranes, machines and transportation as well as handling production waste.
Business area Project Development handles Group acquisitions as well as development, management and divestment of residential and commercial property. Housing Development is mainly geared towards private consumers while Property Development is aimed at real estate investors.
Six initiatives that reflect how we work sustainably through the areas Social, Environment and Economic.
Sustainability aspects
Social, Environment and Economic bring together our sustainability aspects
Peab has chosen to gather our most important sustainability aspects into three main areas; Social, Environment and Economic. The materiality analysis has helped us to pinpoint the aspects that have strategic importance for the company and are requested by our stakeholders.
