Order situation

The level of orders received increased in the first quarter 2022 and amounted to SEK 15,375 million compared to SEK 14,446 million for the same quarter last year. Orders received are well spread both in product areas and geographically.

Orders received were higher in business areas Civil Engineering and Industry compared to the first quarter 2021 while they were lower in business area Construction. Orders received were on par with the level in the first quarter 2021 in business area Project development although the number of production-started homes were higher.

Order backlog yet to be produced at the end of the period amounted to SEK 49,968 million compared to SEK 47,286 million at the end of corresponding period last year. Of the total order backlog, 42 percent (38) will be produced after 2022 (2021). Swedish operations accounted for 75 percent (76) of the order backlog.

Orders received

MSEK Jan-Mar
2022		 Jan-Mar
2021		 Apr 2021-
Mar 2022		 Jan-Dec
2021
Mkr Jan-mar
2022		 Jan-mar
2021		 Apr 2021-
mar 2022		 Jan-dec
2021
Construction Bygg 5,995 7,029 29,869 30,903
Civil Engineering Anläggning 4,980 4,608 15,191 14,819
Industry Industri 3,835 3,302 11,101 10,568
Project Development Projektutveckling 2,495 2,507 9,969 9,981
Eliminations Elimineringar -1,930 -3,000 -9,353 -10,423
Group Koncernen 15,375 14,446 56,777 55,848

Order backlog

MSEK Mar 31
2022		 Mar 31
2021		 Dec 31
2021
Mkr 31 mar
2022		 31 mar
2021		 31 dec
2021
Construction Bygg 29,452 27,385 30,142
Civil Engineering Anläggning 15,917 14,822 13,955
Industry Industri 7,003 6,497 3,886
Project Development Projektutveckling 6,910 6,149 6,555
Eliminations Elimineringar -9,314 -7,567 -9,220
Group Koncernen 49,968 47,286 45,318

Project size of order backlog, March 31, 2022

Order backlog allocated over time

Rødtindhallen

Tromsø, Norway

We received a number of major construction projects and contracts in the first quarter, including:

  • Construction of homes in Tampere. The customer is Y-Säätiön M2-Kodit. The contract is worth EUR 11 million.
  • Rebuilding E22 between Lösen and Jämjö outside of Karlskrona. The customer is the Swedish Transport Administration. The contract is worth SEK 745 million.
  • Construction of 30 apartments and eight terraced houses in Bekkestua. The customer is Hans Haslums vei Utvikling AS. The contract is worth NOK 150 million.
  • Construction of a new dock in Hargs Hamn in Östhammar Municipality. The customer is Hargs Hamn AB. The contract is worth SEK 125 million.
  • Renovation of rental apartments for Helsingin kaupungin asunnot Oy (HEKA) in Jakomäki in Helsinki. The contract is worth EUR 22 million.
  • Construction of 160 rental apartments in Korsängen in Enköping. The customer is Genova Property Group. The contract is worth SEK 202 million.
  • Construction of a new workshop facility and offices in Bäckebol in Gothenburg. The customer is Volvo Lastvagnar Sverige AB and the contract is worth SEK 248 million.
  • Construction of jail in Berga in Helsingborg. The customer is Specialfastigheter Sverige AB. The contract is worth SEK 243 million.
  • Supplementary order to the civil engineering project at Forsåker in Mölndal. The customer is the City of Mölndal. The total contract is worth SEK 200 million.
  • Rebuild Highway 40 between Nässjö and Eksjö. The customer is the Swedish Transport Administration. The contract is worth SEK 357 million.
  • Eight operation contracts for road maintenance from the Swedish Transport Administration. In total Peab will maintain around 8,500 kilometers of state roads over the next four years with an extension option for another two years. The cumulative worth of the contracts is more than SEK 1.3 billion.

A number of our own housing development projects were production-started in the first quarter, including:

  • Brf Skimret in Sollentuna comprising 116 apartments. The project is expected to be completed in October 2024.
  • Brf Fyrskeppet in Malmö comprising 103 apartments. Sustainability is an intrinsic part of the building including a climate improved frame from ECO-Stomme (ECO-Frame) and ECO-Betong (ECO-Concrete),  solar panels, sedum roofs, facade greenery and a system to retrieve energy from used warm water as well as reusing material from the old shipyard. The project is expected to be completed in July 2024.
  • Brf Tallgläntan in Borås comprising 60 apartments. The project will be certified according to the Swan environmental certification and is expected to be completed in October 2023.
  • Brf Grönmyntan in Hässelby in Stockholm comprising 98 apartments. The project will be certified according to the Swan environmental certification and is expected to be completed in March 2024. 
  • Brf Bergkullen in Alingsås comprising 51 apartments. The project will be certified according to the Swan environmental certification and is expected to be completed in March 2024.
  • Brf Östra Citygården in Partille comprising 50 apartments. The project will be certified according to the Swan environmental certification and is expected to be completed in February 2024.
  • Jyväsjärven Loiste in Jyväskylä comprising 38 apartments. The building is focused on optimizing energy and the project is expected to be completed in April 2023.

We received a number of federal and municipal paving contracts in the first quarter, including:

  • Three-year contract in the Örebro and Karlskoga area worth SEK 85 million. The asphalt volume is in total 48,000 tons.
  • Two-year contract in Gäddede worth SEK 57 million. The asphalt volume is in total 84,000 tons.
  • Three-year contract in the Uddevalla area worth SEK 49 million. The asphalt volume is in total 33,000 tons.
  • One-year contract in Västerbotten worth SEK 41 million. The asphalt volume is in total 16,000 tons.
  • One-year contract in Southwest Finland worth EUR 8.7 million. The asphalt volume is in total 151,000 tons.
  • Two-year contract in Espoo worth EUR 6.3 million. The asphalt volume is in total 76,000 tons.
  • One-year contract in Southern Österbotten worth EUR 3.3 million. The asphalt volume is in total 50,000 tons.
  • One-year contract in Herning Municipality worth DKK 23 million. The asphalt volume is in total 30,000 tons.
  • One-year contract in Region North worth DKK 12 million. The asphalt volume is in total 14,000 tons.
  • One-year contract in Region Middle worth DKK 8 million. The asphalt volume is in total 9,000 tons.