Quarterly report
January – March 2025
Gamlestads Smedja
Gothenburg
The first quarter of the year was stable for Peab despite substantial uncertainty in the world around us. We can report a high level of orders received for the quarter and almost unchanged net sales. Operations in business area Civil Engineering developed well while a cautious market in new home production continued to affect business areas Construction and Project Development.
We received a number of major construction projects and contracts in the first quarter, including:
- Construction of a new central kitchen for Palvelukeskus Helsinki in Vantaa. The customer is Kiinteistö Oy AB Pakkalantie 30.
The contract is worth EUR 35 million.
- Construction of a new school and health center in Karasjok. The customer is Karasjok Municipality.
The contract is worth NOK 543 million.
- Construction of a combined heat and power plant in Örtofta. The customer is Kraftringen Energi.
The contract is worth SEK 388 million.
Peab’s four collaborating business areas
Peab’s business model consists of four collaborating and specialized business areas structured on the conditions in each of their markets, allocated geographically and by product segment.
Business area Construction
Builds locally close to customers
Business area Industry
Offers products and services that have a lower climate impact
Business area Civil Engineering
Ties people and communities together
Business area Project Development
Develops sustainable urban environments, homes and commercial properties
