Half-year report
January – June 2019
Higher net sales and improved operating profit
April – June 2019
- Net sales SEK 14,336 million (13,453)
- Operating profit SEK 821 million (677), divestiture of property from the partially owned company Acturum has affected operating profit positively by SEK 170 million
- Operating margin 5.7 percent (5.0)
- Pre-tax profit SEK 811 million (673)
- Earnings per share SEK 2.33 (1.94)
- Orders received SEK 10,817 million (16,257)
- Cash flow before financing SEK -1,321 million (-704)
- On July 4th Peab signed an agreement to acquire YIT´s Nordic paving and mineral aggregates business
January – June 2019
- Net sales SEK 25,695 million (24,943)
- Operating profit SEK 1,086 million (967)
- Operating margin 4.2 percent (3.9)
- Pre-tax profit SEK 1,080 million (929)
- Earnings per share SEK 3.09 (2.68)
- Orders received SEK 22,685 million (29,163)
- Order backlog SEK 45,873 million (47,453)
- Cash flow before financing SEK -762 million (-1,094)
- Net debt SEK 7,241 million (3,592). Excluding additional IFRS 16 Leases, net debt was SEK 6,414 million
- Equity/assets ratio 27.6 percent (29.2). Excluding additional IFRS 16 Leases, the equity/assets ratio was 28.1 percent
Comments from the CEO
Peab’s net sales have grown and operating profit has improved during the first half-year of 2019. Demand continues to be good but conditions vary depending on location and product.