2023 in summary

  • Split market with weak housing market but good public sector demand
  • Lower net sales and profit due to lower demand on the housing market, above all in Construction and Project Development
  • Good development in business areas Civil Engineering and Industry
  • Decision handed down in Mall of Scandinavia arbitration
  • Restructuring, provisions and write-downs have charged operating profit
  • Cash flow before financing affected by more tied up working capital and investments
  • Continued investments in ECO-products and greater production capacity in ECO-Prefab
  • First building in the world built containing fossil free steel
  • Long-term good conditions for growth in the segments and markets Peab operates in
  • Board of Directors proposes a dividend of SEK 1.50 (4.00) per share

“The outcome of our nine external targets, financial and non-​financial, was varied and impacted by the rather challenging market conditions.”
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 note 4.

Segment reporting Reporting according to IFRS
MSEK 2023 2022 2023 2022
Segmentsredovisning Redovisning enligt IFRS
Mkr 2023 2022 2023 2022
Net sales Nettoomsättning 58,821 63,135 61,600 61,933
Operating profit Rörelseresultat 1,853 2,741 2,586 2,557
Operating margin, % Rörelsemarginal, % 3.2 4.3 4.2 4.1
Pre-tax profit Resultat före skatt 1,895 2,670 2,586 2,440
Profit for the year Årets resultat 1,414 2,037 1,988 1,831
Earnings per share, SEK Resultat per aktie, kr 4.92 6.98 6.92 6.27
Return on equity, % Räntabilitet på eget kapital, % 9.5 14.0 14.1 13.7
Equity/assets ratio, % Soliditet, % 34.0 34.7 29.4 27.0
Net debt Nettoskuld 8,676 6,899 14,537 16,681
Net debt/equity ratio, multiple 1) Nettoskuldsättningsgrad, ggr 1) 0.6 0.5 1.0 1.2
Cash flow before financing Kassaflöde före finansiering -1,317 -1,955 2,655 -3,159
Dividend per share, SEK 2) Utdelning per aktie, kr 2) 1.50 4.00 1.50 4.00
Average number of employees Medelantalet anställda 13,808 14,211 13,808 14,211

1) Net debt in relation to equity. 2) For 2023, the Board’s proposal to the AGM.

Orders received and order backlog*
Net sales*
Operating profit and operating margin*

*Refers to segment reporting