Stable quarter but greater uncertainty

In this report amounts and comments are based on segment reporting if not otherwise specified. As of January 1, 2020 Peab has changed accounting principles for Swedish tenant-owned housing projects in reporting according to IFRS. Reporting of housing projects in Norway and Finland in segment reporting has 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 note 1 and 3.

Summary according to segment reporting 

  • Net sales SEK 11,638 million (11,663)
  • Operating profit SEK 211 million (266) 
  • Operating margin 1.8 percent (2.3)
  • Pre-tax profit SEK 141 million (276)
  • Earnings per share SEK 0.41 (0.77)
  • Orders received SEK 12,608 million (11,868)
  • Order backlog SEK 44,151 million (47,532)
  • Cash flow before financing SEK 1,597 million (1,256)
  • Net debt SEK 4,186 million (5,323)
  • Equity/assets ratio 33.8 percent (31.6)
  • Real estate company Annehem Fastigheter founded 
  • Acquisition of paving and mineral aggregates operations from YIT finalized on April 1, 2020

Group

MSEK Jan-Mar
2020		 Jan-Mar
2019		 Apr 2019-
Mar 2020		 Jan-Dec
2019
Mkr Jan-mar
2020		 Jan-mar
2019		 Apr 2019-
mar 2020		 Jan-dec
2019
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 11,638 11,663 55,324 55,349
Operating profit Rörelseresultat 211 266 2,555 2,610
Operating margin, % Rörelsemarginal, % 1.8 2.3 4.6 4.7
Pre-tax profit Resultat före skatt 141 276 2,444 2,579
Profit for the period Periodens resultat 121 228 2,031 2,138
Earnings per share, SEK Resultat per aktie, kr 0.41 0.77 6.89 7.25
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 16.9 – 16.9 17.9
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 12.5 – 12.5 12.8
Net debt Nettoskuld 4,186 5,323 4,186 7,535
Equity/assets ratio, % Soliditet, % 33.8 31.6 33.8 32.5
Cash flow before financing Kassaflöde före finansiering 1,597 1,256 1,698 1,357
Number of employees at the end of the period Antal anställda vid utgången av perioden 14,090 14,280 14,090 14,258
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 11,870 12,839 55,334 56,303
Operating profit, IFRS Rörelseresultat, IFRS 170 791 2,664 3,285
Pre-tax profit, IFRS Resultat före skatt, IFRS 81 795 2,513 3,227
Profit for the period, IFRS Periodens resultat, IFRS 68 638 2,086 2,656
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 0.23 2.16 7.07 9.00
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 1,264 3,135 1,355 3,226
1) Calculated on rolling 12 months. Since the numbers for 2018 have not been translated according to the changed accounting principles no numbers for March 31, 2019 are given. 
Net sales
Operating profit
Orders received