Order situation

January – March 2026

Orders received were lower during the first quarter 2026 and amounted to SEK 15,561 million (16,574). The level of orders received increased in business area Civil Engineering during the quarter while it fell in business areas Construction, Industry and Project Development. A large portion of orders received continues to come from the public sector.

Order backlog yet to be produced at the end of the period has risen to the highest level ever and amounted to SEK 53,757 million (51,955), despite a volume reduction of approximately SEK 900 million created by the sale of K Nordang. Of the total order backlog, 47 percent (47) is expected to be produced after 2026 (2025). Swedish operations accounted for 85 percent (78) of the order backlog.

Preliminary contracts

Operations in business areas Construction and Civil Engineering often participate in dialogues with customers at an early stage prior to planned projects, so-called phase 1 contracts. Through these preliminary contracts Peab is contracted to arrive at, together with the customer, an optimal product with the right quality and also deal with risks and uncertainties. As of 2024, we present the potential value of the final construction contracts generated by these preliminary contracts.

At the beginning of 2026 the potential value was around SEK 17 billion. During the period several projects went from phase 1 to phase 2, which means that the projects have been converted into construction contracts and included in Peab’s orders received. At the same time new projects have flowed into phase 1 while a few have fallen away. During the period several new projects were added to both business areas but especially in business area Construction. The value of the construction contracts generated from these phase 1 contracts at the end of March was around SEK 20 billion, and these orders will potentially be received over the next two years.

Orders received

MSEK Jan-Mar
2026		 Jan-Mar
2025		 Apr 2025-
Mar 2026		 Jan-Dec
2025
Mkr Jan-mar
2026		 Jan-mar
2025		 Apr 2025-
mar 2026		 Jan-dec
2025
Construction Bygg 6,742 8,784 23,256 25,298
Civil Engineering Anläggning 6,385 4,870 21,534 20,019
Industry Industri 2,940 3,835 12,351 13,246
Project Development Projektutveckling 466 1,276 2,055 2,865
Eliminations Elimineringar -972 -2,191 -5,282 -6,501
Group Koncernen 15,561 16,574 53,914 54,927

Order backlog

MSEK Mar 31 2026 Mar 31
2025		 Dec 31
2025
Mkr 31 mar 2026 31 mar
2025		 31 dec
2025
Construction Bygg 25,764 26,685 25,134
Civil Engineering Anläggning 24,542 21,129 22,201
Industry Industri 7,563 7,417 5,390
Project Development Projektutveckling 1,696 1,975 1,702
Eliminations Elimineringar -5,808 -5,251 -5,883
Group Koncernen 53,757 51,955 48,544

Project size of order backlog, March 31, 2026

Order backlog allocated over time

Djupadal School

Jönköping

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

  • Construction of homes in Vestby, Norway. The customer is Bakke & Malling Vestby AS. The contract is worth NOK 342 million.
  • Construction of a new surface water treatment plant at Lake Långa in Karlshamn Municipality. The customer is Karlshamn Energi Vatten AB. The contract is worth SEK 642 million.
  • Commission to carry out two construction projects at Skogome Prison in Gothenburg. The customer is Specialfastigheter. The total contract value is worth SEK 322 million.
  • Construction of a new social hub in Uppsala that will include a hotel, offices and a restaurant. The customer is Vasakronan. The contract is worth SEK 700 million.
  • Renovation of an office building in Helsinki. The customer is the City of Helsinki. The contract is worth EUR 20 million.
  • Construction of an elementary school and preschool in Kaarina. The customer is Kaarina Municipality. The contract is worth EUR 13 million.
  • Construction of new facilities for testing and final inspection for BAE Systems Hägglunds AB in Örnsköldsvik. The contract is worth SEK 258 million.
  • Commission to lay new pipelines for drinking water and technical water between Highway 76 in Skutskär and Älgsjövägen. The customer is Gävle Vatten AB. The contract is worth SEK 126 million.
  • Construction of the K-Citymarket supermarket in Oulu. The customer is Kesko Oyj. The contract is worth EUR 20 million.
  • Construction of a new raw water pipeline to Ringsjö water treatment plant that produces drinking water for most of Skåne. The customer is Sydvatten. The contract is worth SEK 109 million.
  • Renovation and extension of the hospital buildings for neonatal care, women’s health care, obstetrics and infectious disease care at Skåne University Hospital in Lund. The customer is Region Skåne, Regionfastigheter. The contract is worth SEK 556 million.
  • Commission to expand and raise dams in the Björkdal Mine on the outskirts of Kåge in Västerbotten County. The customer is Björkdalsgruvan AB. The contract is worth SEK 155 million.
  • Construction of a school for grades 4 to 6 with a sports facility, a district library, a meeting place for seniors and a culture school in Lund. The customer is Lund Municipality. The contract is worth SEK 374 million.
  • Commission to renew a water and wastewater plant in Trondheim. The customer is Trondheim Municipality. The contract is worth NOK 136 million.
  • Construction of homes for seniors in Malmö. The customer is Södertorpsgården. The contract is worth SEK 275 million.
  • Construction of new stabling tracks in the Pilekrogen area in Mölndal, south of Gothenburg. The customer is the Swedish Transport Administration. The contract is worth SEK 580 million.
  • Commission to build new water pipelines in Norsborg in Botkyrka Municipality. The customer is Stockholm Vatten och Avfall AB. The contract is worth SEK 330 million.
  • Construction of a multi-purpose building in Lund. The customer is Dommura Properties AB. The contract is worth SEK 411 million.
  • Four new operation contracts for road maintenance in the operational areas Vilhelmina, Svenstavik, Arboga and Helsingborg. The customer is the Swedish Transport Administration. The contracts total SEK 666 million.
  • Implementation of the first part of the production phase of the project Coastal Quay 2.0 in the Energy Port in Gothenburg. The customer is Göteborgs Hamn AB. The contract is worth SEK 400 million.
  • Renovation and extension of Östrabo Theater and the adjoining high school premises in Uddevalla. The customer is Uddevalla Municipality. The contract is worth SEK 100 million.

In the first quarter own housing developments of tenant-owner/condominium apartments were production-started or converted and therefore reported as orders, including: 

  • The second stage of the project Borgundfjorden Panorama in Ålesund comprising 46 apartments. The property will have a well-processed operation and maintenance plan and be highly energy efficient. The project is expected to be completed in the summer of 2027.
  • Brf Homely in Lund comprising 63 apartments. The property will be Swan ecolabeled. The project was converted from homes on our own balance sheet to tenant-owner apartments and is expected to be completed in the autumn of 2027.

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

  • Three-year federal contract in Västernorrland worth SEK 141 million.
  • One-year federal contract in Dalsland worth SEK 61 million.
  • One-year federal contract in Örebro County worth SEK 58 million.
  • One-year federal contract in Norrbotten worth SEK 56 million.
  • One-year federal contract in Jämtland worth SEK 55 million.
  • One-year municipal contract in Täby worth SEK 46 million.
  • One-year federal contract in Gävleborg County worth SEK 45 million.
  • One-year federal contract in Örebro County worth SEK 45 million.
  • Two-year federal contract in Skåne worth SEK 44 million.
  • One-year federal contract in Södermanland County worth SEK 41 million.
  • One-year federal contract in Troms worth NOK 60 million.
  • One-year federal contract in Hålogaland worth NOK 44 million.
  • One-year federal contract in Finnmark worth NOK 35 million.
  • One-year federal contract in Helsinki Airport worth EUR 4.1 million.
  • Two-year federal contract in Savo-Karelia worth EUR 3.2 million.
  • One-year municipal contract in Oulu worth EUR 3.9 million.
  • One-year federal contract in Køge worth DKK 18 million.
  • One-year federal contract in Give worth DKK 18 million.