Order situation

April – June 2024

The level of orders received was high during the second quarter 2024 and amounted to SEK 16,434 million (12,505). The level of orders received increased in business areas Civil Engineering and Industry. Business area Civil Engineering includes a construction contract for New Bodø Airport in Norway now that the project has shifted from the development phase to the implementation phase. The customer is Avinor and the contract is worth NOK 3.3 billion. The number of paving contracts has grown in orders received in business area Industry, particularly in Finland.

January – June 2024

The level of orders received increased during the first half-year 2024 and amounted to SEK 34,323 million (23,547). The level of orders received increased in all business areas but particularly in business areas Civil Engineering and Industry. Business area Civil Engineering includes a construction contract for New Bodø Airport in Norway for NOK 3.3 billion, Västlänken’s Haga-Rosenlund stage in Gothenburg worth about SEK 1.5 billion, a new dock in Skellefteå for about SEK 1.1 billion and operation and maintenance contracts worth about SEK 1.1 billion. A new swimming pool block in Partille worth about SEK 1.3 billion is included in business area Construction. The number of paving contracts has grown in orders received in business area Industry, particularly in Finland. The level of orders received from the public sector continued to be good during the period.

Order backlog yet to be produced at the end of the period increased and amounted to SEK 50,578 million compared to SEK 43,638 million at the end of the same period last year. Order backlog has primarily grown for production that will be carried out next year and thereafter. Of the total order backlog, 60 percent (56) is expected to be produced after 2024 (2023). Swedish operations accounted for 75 percent (79) of the order backlog.

Preliminary agreements

Operations in Construction and Civil Engineering increasingly participate in dialogues early on with customers in preparation for planned projects and we are therefore experiencing a greater number of preliminary agreements, so-​called phase 1 contracts. Through the preliminary agreements 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 agreements.

At the start of 2024 the potential value was approximately SEK 19 billion. During the first half of the year several projects went from phase 1 to phase 2, which meant that the projects became construction contracts and are included in Peab’s orders received. At the same time new projects continue to flow into phase 1 but there are others that fall away. The value of the construction contracts generated from these preliminary agreements at the end of June was around SEK 15 billion, and these orders will potentially be received over the next two years.