2022 in summary

  • Stable profit in challenging times
  • Profit and margin affected by the increase in material and energy costs
  • Weaker housing market entailed fewer sales and production starts
  • Cash flow before financing charged with higher tied-up working capital and investments
  • High order backlog with a larger portion of public construction and civil engineering projects
  • Strong financial position, repurchasing program carried out during the year
  • Continued investments in ECO-products, among them launch of ECO-Betong (ECO-Concrete) in Finland and increased production for ECO-Prefab
  • Supplemental acquisitions accomplished in Norway and Finland
  • Board proposes a cash dividend of SEK 4.00 (5.00) per share.

“Summarizing 2022 we can conclude that Peab, despite a challenging time, can report a stable profit. We are starting out 2023 with a high order backlog and strong financial position.”

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 2022 2021 2022 2021
Segmentsredovisning Redovisning enligt IFRS
Mkr 2022 2021 2022 2021
Net sales Nettoomsättning 63,135 60,026 61,933 58,923
Operating profit Rörelseresultat 2,741 3,098 2,557 2,975
Operating margin, % Rörelsemarginal, % 4.3 5.2 4.1 5.0
Pre-tax profit Resultat före skatt 2,670 3,076 2,440 2,902
Profit for the year Årets resultat 2,037 2,507 1,831 2,377
Earnings per share, SEK Resultat per aktie, kr 6.98 8.50 6.27 8.06
Return on equity, % Räntabilitet på eget kapital, % 14.0 18.5 13.7 18.9
Equity/assets ratio, % Soliditet, % 34.7 36.3 27.0 29.0
Net debt Nettoskuld 6,899 2,404 16,681 10,515
Net debt/equity ratio, multiple 1) Nettoskuldsättningsgrad, ggr 1) 0.5 0.2 1.2 0.8
Cash flow before financing Kassaflöde före finansiering -1,955 3,041 -3,159 1,052
Dividend per share, SEK 2) Utdelning per aktie, kr 2) 4.00 5.00 4.00 5.00
Average number of employees Medelantalet anställda 15,045 14,907 15,045 14,907

1) Net debt in relation to equity. 2) For 2022, 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.