Order situation

The level of orders received decreased in the first quarter 2023 and amounted to SEK 11,042 million (15,375). All business areas had a lower level of orders received compared to the first quarter 2022. The decrease is mainly due to the weak demand for housing projects. In business area Industry we have also been more selective about tenders submitted within paving operations in Norway. In the orders received for the first quarter, there is a large proportion of projects for the public sector.

Order backlog yet to be produced at the end of the period amounted to SEK 44,595 million compared to SEK 49,968 million at the end of corresponding period last year. Of the total order backlog, 42 percent (42) will be produced after 2023 (2022). Swedish operations accounted for 79 percent (75) of the order backlog.

Orders received

MSEK Jan-Mar
2023		 Jan-Mar
2022		 Apr 2022-
Mar 2023		 Jan-Dec
2022
Mkr Jan-mar
2023		 Jan-mar
2022		 Apr 2022-
mar 2023		 Jan-dec
2022
Construction Bygg 4,804 5,995 26,541 27,732
Civil Engineering Anläggning 4,442 4,980 14,339 14,877
Industry Industri 2,689 3,835 11,642 12,788
Project Development Projektutveckling 143 2,495 3,667 6,019
Eliminations Elimineringar -1,036 -1,930 -7,263 -8,157
Group Koncernen 11,042 15,375 48,926 53,259

Order backlog

MSEK Mar 31
2023		 Mar 31
2022		 Dec 31
2022
Mkr 31 mar
2023		 31 mar
2022		 31 dec
2022
Construction Bygg 26,577 29,452 29,064
Civil Engineering Anläggning 15,087 15,917 13,939
Industry Industri 6,092 7,003 4,273
Project Development Projektutveckling 4,165 6,910 5,447
Eliminations Elimineringar -7,326 -9,314 -8,334
Group Koncernen 44,595 49,968 44,389

Project size of order backlog, March 31, 2023

Order backlog allocated over time

Lilla Lidingö Bridge

Lidingö

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

  • Rebuilding and building a new stretch of Highway 27, the road between Backaryd and Hallabro. The customer is the Swedish Transport Administration. The contract is worth SEK 354 million.
  • Construction of 397 apartments in the project Ekebäckshöjd in Högsbohöjd. The customer is Stena Fastigheter Göteborg AB. The contract is worth SEK 565 million.
  • Construction of a new swimming pool facility in Saltsjöbaden, south of Stockholm. The customer is Nacka Municipality. The contract is worth SEK 265 million.
  • Commission to improve the bearing capacity of road 745 between Bjuråker and Nässviken in Hudiksvall Municipality. The customer is the Swedish Transport Administration. The contract is worth SEK 105 million.
  • Commission to handle operation and maintenance of the streets and parks in Österåker outside Stockholm. The customer is Österåker Municipality. The contract is worth SEK 100 million.
  • Construction of a new ice skating rink, Mälarhöjdens IP, in Fruängen south of Stockholm. The customer is the real estate department of the city of Stockholm. The contract is worth SEK 114 million.
  • Construction of 165 rental apartments in the center of Halmstad. The customer is Willhem AB. The contract is worth SEK 146 million.
  • Two new operation contracts for road maintenance from the Swedish Transport Administration. In total Peab will maintain around 3,000 kilometers of state roads over the next four years with an extension option for another two years. The cumulative worth of the contracts is SEK 360 million.
  • Commision to build a new police station in Malmö. The customer is Specialfastigheter. The contract is worth SEK 448 million.

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

  • Skeppsklockan in Vänersborg comprising 45 apartments. The property will be certified according to the Swan environmental certification and is focused on measures to save energy, eco-labeled electricity and sustainable material choices. The project is expected to be completed in the summer of 2024. The project began in October 2022 and was converted from rental apartments to tenant-owner apartments during the quarter.
  • Sjöormen, stages 2 and 3, in Västerås comprising a total of 86 apartments. The property will be certified according to the Swan environmental certification and will be built with ECO-Betong (ECO-Concrete). The project is expected to be completed in the fourth quarter 2024. The project is not included in orders received since it is being built on our own balance sheet.
  • Kvibergs in Gothenburg comprising 40 apartments. The property will be certified according to the Swan environmental certification and will be built with ECO-Prefab where the reinforcement is made of recycled steel and green electricity is used in production. Occupation of the project is planned for the autumn/winter of 2024. The project is not included in orders received since it is being built on our own balance sheet.
  • Västra Vakten in Malmö comprising 91 apartments. The property will be certified according to the Swan environmental certification and will be built with ECO-Betong (ECO-Concrete), reuse, solar panels and sedum roofs. The project is expected to be completed in the fourth quarter 2025. The project is not included in orders received since it is being built on our own balance sheet.

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

  • One-year federal contract in Ostrobothnia worth EUR 9.6 million.
  • One-year federal contract in Pirkanmaa worth EUR 4.6 million.
  • One-year federal contract in Southern Ostrobothnia worth EUR 3.5 million.
  • One-year federal contract for Finavia at the Helsinki-Vanda Airport worth EUR 4.4 million.
  • One-year municipal contract in Vantaa City worth EUR 2.2 million.
  • One-year federal contract in Western Götaland County worth SEK 55 million.
  • Two-year federal contract in Uppsala County worth SEK 38 million.
  • Six-year municipal contract in Tingsryd Municipality worth in total SEK 41 million.
  • Four-year municipal contract in Sjöbo Municipality worth in total SEK 41 million.
  • Four-year municipal contract in Östra Göinge Municipality worth in total SEK 28 million.
  • One-year municipal contract in Herning Municipality worth in total DKK 29 million.