2020 in summary

  • The acquisition of paving and mineral aggregates operations from YIT was finalized on April 1, 2020. The acquired operations affected net sales by SEK 5,891 million and operating profit net by SEK 250 million.
  • Annehem Fastigheter was distributed to the shareholders and listed. The distribution had an effect on operating profit of SEK 952 million.
  • Peab received a broad range of new orders throughout the Nordic region and orders received amounted to SEK 49,735 million (44,130), of which acquired operations contributed by SEK 4,357 million. Order backlog at the end of the year amounted to SEK 42,709 million (42,494), of which order backlog related to acquired operations was SEK 1,531 million.
  • The Board proposes a cash dividend of SEK 4.50 (–) per share.
  • New financial and non-financial targets have been adopted.

Financial summary

As of January 1, 2020 Peab has changed accounting principles for Swedish tenant-​owner association projects in reporting according to IFRS. Reporting housing projects in Norway and Finland in segment reporting has also changed. The Group has different accounting principles in segment reporting compared to reporting according to IFRS. For more information on the new accounting principles and the differences between segment reporting and reporting according to IFRS, see the Board of Directors´ Report and note 1 and 5.

MSEK 2020 2019
Mkr 2020 2019
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 57,417 55,349
Operating profit Rörelseresultat 3,541 2,610
Operating margin, % Rörelsemarginal, % 6.2 4.7
Pre-tax profit Resultat före skatt 3,433 2,579
Profit for the year Årets resultat 2,948 2,138
Earnings per share, SEK Resultat per aktie, kr 10.00 7.25
Return on equity, % Räntabilitet på eget kapital, % 23.1 17.9
Equity/assets ratio, % Soliditet, % 36.2 32.5
Net debt Nettoskuld 3,873 7,535
Cash flow before financing Kassaflöde före finansiering 2,779 1,025
Dividend per share, SEK 1) Utdelning per aktie, kr 1) 4.50 –
Number of employees on 31 December Antal anställda per 31 december 15,252 14,258
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 59,852 56,303
Operating profit, IFRS Rörelseresultat, IFRS 3,922 3,285
Operating margin, % Rörelsemarginal, % 6.6 5.8
Pre-tax profit, IFRS Resultat före skatt, IFRS 3,745 3,227
Profit for the year, IFRS Årets resultat, IFRS 3,181 2,656
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 10.79 9.00
Return on equity, % Räntabilitet på eget kapital, % 26.0 24.3
Equity/assets ratio, IFRS,% Soliditet, IFRS,% 29.5 26.5
Net debt, IFRS Nettoskuld, IFRS 9,682 13,174
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 3,753 3,226
1) For 2020, Board’s proposal to the AGM. For 2019 no cash dividend was distributed. The value of the distribution of Annehem Fastigheter at the time of the distribution in December 2020 was SEK 7.00 per share. 
Orders received and order backlog*
Net sales*
Operating profit and operating margin*

*Refers to segment reporting ** Not translated according to changed accounting principles for own housing development projects.