Order situation
Implementation of IFRS 15 Revenue from contracts with customers entails new disclosure demands which will be presented in the Annual Report 2018. One of the disclosure demands refers to remaining performance obligations, more often called order backlog. In quarterly reports Peab has previously chosen to present information on orders received and order backlog in business areas Construction, Civil Engineering and Project Development. As of 2018 Industry will also present orders received and order backlog for product areas Asphalt, Construction System and part of
Rentals. In the other product areas in Industry contracts are usually short and therefore orders received and order backlog are not presented for them. Comparable figures regarding orders received and order backlog have been recalculated for 2017.
April – June 2018
Orders received for the second quarter 2018 amounted to SEK 16,257 million compared to SEK 12,880 million for the same quarter last year. Included in orders received for business area Construction is the office project Platinan in Gothenburg for Vasakronan worth SEK 2,100 million.
Included in orders received for business area Civil Engineering is the extension of the west Sweden railroad system at Olskroken in Gothenburg, worth SEK 2,900 million, for the Swedish Transport Administration. The level of orders received has contracted in Project Development during the second quarter due to fewer production starts of our own housing developments.
January – June 2018
Orders received for the first half-year 2018 amounted to SEK 29,163 million compared to SEK 25,309 million for the same period last year. The level of orders received has risen in business area Construction and Civil Engineering but contracted in Project Development and Industry. The orders received in the first half-year are well spread geographically and there is good product diversity.
Order backlog yet to be produced at the end of the period increased to SEK 47,453 million compared to SEK 39,470 million at the end of the same period last year. Of the total order backlog, 58 percent (56) is expected to be produced after 2018 (2017). Swedish operations accounted for 86 percent (84) of the order backlog.
Orders received
| MSEK | Apr-Jun 2018 | Apr-Jun 2017 | Jan-Jun 2018 | Jan-Jun 2017 | Jul-Jun 2017/2018 | Jan-Dec 2017 | |
| Mkr | Apr-jun 2018 | Apr-jun 2017 | Jan-jun 2018 | Jan-jun 2017 | Jul-jun 2017/2018 | Jan-dec 2017 | |
| Construction | Bygg | 9,846 | 6,530 | 17,990 | 14,395 | 32,875 | 29,280 |
| Civil Engineering | Anläggning | 6,193 | 3,951 | 10,052 | 7,751 | 16,492 | 14,191 |
| Industry | Industri | 893 | 1,009 | 2,439 | 2,769 | 4,822 | 5,152 |
| Project Development | Projektutveckling | 1,157 | 3,215 | 3,218 | 4,590 | 7,124 | 8,496 |
| Eliminations | Elimineringar | -1,832 | -1,825 | -4,536 | -4,196 | -8,460 | -8,120 |
| Group | Koncernen | 16,257 | 12,880 | 29,163 | 25,309 | 52,853 | 48,999 |
Order backlog
| MSEK | 30 Jun 2018 | 30 Jun 2017 | 31 Dec 2017 | |
| Mkr | 30 jun 2018 | 30 jun 2017 | 31 dec 2017 | |
| Construction | Bygg | 30,988 | 25,285 | 26,805 |
| Civil Engineering | Anläggning | 14,749 | 10,974 | 10,832 |
| Industry | Industri | 2,904 | 3,046 | 2,533 |
| Project Development | Projektutveckling | 7,492 | 7,992 | 8,198 |
| Eliminations | Elimineringar | -8,680 | -7,827 | -8,163 |
| Group | Koncernen | 47,453 | 39,470 | 40,205 |
We received several major contracts and agreements during the second quarter, including:
- Construction of Martina Hansens Hospital in Baerum, south of Oslo. The customer is the Martina Hansens Hospital Institute and the contract is worth NOK 192 million.
- Construction of 243 apartments for rent in Halmstad. The customer is Halmstads Fastighets AB and the contract is worth SEK 295 million.
- Construction of a new elementary school in the city district Sandbyhov in Norrköping. The customer is Hemsö Fastighets AB and the contract is worth SEK 207 million.
- Expansion of one of the most important junctions in the west Sweden railroad system, Olskroken, with railway track overpasses. The customer is the Swedish Transport Administration and the contract is worth SEK 2,900 million.
- Construction of a swimming and sports facility in Köping. The customer is Köping Municipality and the contract is worth SEK 340 million.
- An extension of the emergency room in Sunderby Hospital in Luleå. The customer is Region Norrbotten and the contract is worth SEK 264 million.
- Manage the maintenance of public roads in Hudiksvall, Borlänge, Rättvik and Avesta. The customer is the Swedish Transport Administration and the cumulative amount of the contracts is around SEK 520 million.
- Construction of new psychiatric premises in Kalmar. The customer is Kalmar County Council and the contract is worth SEK 745 million.
- Construction of the office building Gårda Vesta in the city district of Gårda in Gothenburg. The customer is Platzer Fastigheter and the contract is worth SEK 770 million.
- Construction of the new airport terminal in Sälen along with the accompanying garage and infrastructure. The customer is Scandinavian Mountains Airport AB and the contract is worth SEK 232 million.
- Construction of the office block Platinan as part of the new River City in Gothenburg. The customer is Vasakronan and the contract is worth SEK 2,100 million.
- Construction of 297 student apartments in Lappskärsberget close to the University of Stockholm. The customer is Stockholms Studentbostäder and the contract is worth SEK 261 million.