Report on the Group income statement, IFRS
Group net sales according to IFRS decreased by six percent and amounted during January-June 2021 to SEK 25,931 million (27,659). The adjustment of own housing development projects to the completion method affected net sales by SEK -454 million (547). Adjusted for acquired and divested units net sales decreased by seven percent.
Operating profit according to IFRS for the period January-June 2021 amounted to SEK 641 million (893) and the operating margin was 2.5 percent (3.2). The adjustment of own housing development projects to the completion method affected operating profit by SEK -118 million (10). Peab acquired YIT’s Nordic paving and mineral aggregates operations on April 1, 2020. The acquired operations have a very clear seasonal pattern which means the first quarter carries considerable deficits since the season starts in the second quarter. If the acquisition had taken place on January 1, 2020 profit in the first quarter would have been affected by SEK -297 million.
| MSEK | Apr-Jun 2021 | Apr-Jun 2020 | Jan-Jun 2021 | Jan-Jun 2020 | Jul-Jun 2020/2021 | Jan-Dec 2020 | |
| Mkr | Apr-jun 2021 | Apr-jun 2020 | Jan-jun 2021 | Jan-jun 2020 | Jul-jun 2020/2021 | Jan-dec 2020 | |
| Net sales | Nettoomsättning | 14,807 | 15,789 | 25,931 | 27,659 | 58,124 | 59,852 |
| Production costs | Kostnader för produktion | -13,219 | -14,127 | -23,659 | -25,089 | -52,281 | -53,711 |
| Gross profit | Bruttoresultat | 1,588 | 1,662 | 2,272 | 2,570 | 5,843 | 6,141 |
| Sales and administrative expenses | Försäljnings- och administrationskostnader | -884 | -962 | -1,704 | -1,728 | -3,335 | -3,359 |
| Distribution of Annehem Fastigheter | Utdelning av Annehem Fastigheter | – | – | – | – | 952 | 952 |
| Other operating income | Övriga rörelseintäkter | 51 | 36 | 89 | 73 | 245 | 229 |
| Other operating costs | Övriga rörelsekostnader | 0 | -13 | -16 | -22 | -35 | -41 |
| Operating profit | Rörelseresultat | 755 | 723 | 641 | 893 | 3,670 | 3,922 |
| Financial income | Finansiella intäkter | 15 | 15 | 45 | 55 | 86 | 96 |
| Financial expenses | Finansiella kostnader | -43 | -34 | -81 | -163 | -191 | -273 |
| Net finance | Finansnetto | -28 | -19 | -36 | -108 | -105 | -177 |
| Pre-tax profit | Resultat före skatt | 727 | 704 | 605 | 785 | 3,565 | 3,745 |
| Tax | Skatt | -152 | -160 | -129 | -173 | -520 | -564 |
| Profit for the period | Periodens resultat | 575 | 544 | 476 | 612 | 3,045 | 3,181 |
| Profit for the period, attributable to: | Periodens resultat hänförligt till: | ||||||
| Shareholders in parent company | Moderbolagets ägare | 575 | 543 | 476 | 612 | 3,046 | 3,182 |
| Non-controlling interests | Innehav utan bestämmande inflytande | 0 | 1 | 0 | 0 | -1 | -1 |
| Profit for the period | Periodens resultat | 575 | 544 | 476 | 612 | 3,045 | 3,181 |
| Key ratios, IFRS | Nyckeltal, IFRS | ||||||
| Earnings per share before and after dilution, SEK | Resultat per aktie före och efter utspädning, kr | 1.95 | 1.84 | 1.61 | 2.07 | 10.33 | 10.79 |
| Average number of outstanding shares, million | Genomsnittligt antal utestående aktier, miljoner | 295.0 | 295.0 | 295.0 | 295.0 | 295.0 | 295.0 |
| Return on capital employed, % 1) | Räntabilitet på sysselsatt kapital, % 1) | 14.6 | 9.3 | 14.6 | 9.3 | 14.6 | 15.0 |
| Return on equity, % 1) | Räntabilitet på eget kapital, % 1) | 24.6 | 15.6 | 24.6 | 15.6 | 24.6 | 26.0 |
1) Calculated on rolling 12 months
Report on the Group income statement and other comprehensive income in summary, IFRS
| MSEK | Apr-Jun 2021 | Apr-Jun 2020 | Jan-Jun 2021 | Jan-Jun 2020 | Jul-Jun 2020/2021 | Jan-Dec 2020 | |
| Mkr | Apr-jun 2021 | Apr-jun 2020 | Jan-jun 2021 | Jan-jun 2020 | Jul-jun 2020/2021 | Jan-dec 2020 | |
| Profit for the period | Periodens resultat | 575 | 544 | 476 | 612 | 3,045 | 3,181 |
| Other comprehensive income | Övrigt totalresultat | ||||||
| Items that can be reclassified or have been reclassified to profit for the period | Poster som har omförts eller kan omföras till periodens resultat | ||||||
| Translation differences for the period from translation of foreign operations | Periodens omräkningsdifferenser vid omräkning av utländska verksamheter | -72 | -66 | 99 | -114 | 19 | -194 |
| Changes in fair value of cash flow hedges for the period | Periodens förändringar i verkligt värde på kassaflödessäkringar | 1 | 9 | 4 | 2 | 7 | 5 |
| Shares in joint ventures’ other comprehensive income | Andelar i joint ventures övrigt totalresultat | 0 | 1 | 0 | 0 | 0 | 0 |
| Tax referring to items that can be reclassified or have been reclassified to profit for the period | Skatt hänförligt till poster som har omförts eller kan omföras till periodens resultat | 0 | -5 | -1 | -16 | -6 | -21 |
| Other comprehensive income for the period | Periodens övrigt totalresultat | -71 | -61 | 102 | -128 | 20 | -210 |
| Total comprehensive income for the period | Periodens totalresultat | 504 | 483 | 578 | 484 | 3,065 | 2,971 |
| Total comprehensive income for the period, attributable to: | Periodens totalresultat hänförligt till: | ||||||
| Shareholders in parent company | Moderbolagets ägare | 504 | 482 | 578 | 484 | 3,066 | 2,972 |
| Non-controlling interests | Innehav utan bestämmande inflytande | 0 | 1 | 0 | 0 | -1 | -1 |
| Total comprehensive income for the period | Periodens totalresultat | 504 | 483 | 578 | 484 | 3,065 | 2,971 |