2021 in summary

  • Profitable growth and broadly met targets.
  • Improvements in margins in construction contract operations and housing development.
  • Increase in orders received of SEK 55,848 million (49,735) and order backlog of SEK 45,318 million (42,709).
  • Strong financial position despite investments in business areas Industry and Project Development.
  • ECO-products grew. ECO-Asfalt offered throughout the Nordic region. ECO-Ballast (ECO-Mineral aggregates) and ECO-Prefab launched.
  • Peab issued green bonds.
  • Board proposes a cash dividend of SEK 5.00 (4.50) per share.

“With our strong business model I’m confident about the future and Peab forging ahead with our locally produced community.”

Read more at “Comments from the CEO”

Financial summary

The Group has different accounting principles in segment reporting compared to reporting according to IFRS for our own housing development projects and for IFRS 16 (previously operational leasing contracts). 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 4.

Segment reporting Reporting according to IFRS
MSEK 2021 2020 2021 2020
Segmentsredovisning Redovisning enligt IFRS
Mkr 2021 2020 2021 2020
Net sales Nettoomsättning 60,026 57,417 58,923 59,852
Operating profit Rörelseresultat 3,098 3,541 2,975 3,922
Operating margin, % Rörelsemarginal, % 5.2 6.2 5.0 6.6
Pre-tax profit Resultat före skatt 3,076 3,433 2,902 3,745
Profit for the year Årets resultat 2,507 2,948 2,377 3,181
Earnings per share, SEK Resultat per aktie, kr 8.50 10.00 8.06 10.79
Return on equity, % Räntabilitet på eget kapital, % 18.5 23.1 18.9 26.0
Equity/assets ratio, % Soliditet, % 36.3 36.2 29.0 29.5
Net debt Nettoskuld 2,404 3,873 10,515 9,682
Net debt/equity ratio, multiple 1) Nettoskuldsättningsgrad, ggr 1) 0.2 0.3 0.8 0.9
Cash flow before financing Kassaflöde före finansiering 3,041 2,779 1,052 3,753
Dividend per share, SEK 2) Utdelning per aktie, kr 2) 5.00 4.50 5.00 4.50
Average number of employees Medelantalet anställda 14,907 15,166 14,907 15,166

1) Net debt in relation to equity. 2) For 2021, The Board’s proposal to the AGM.

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.