Order situation

April – June 2025

Orders received were stable during the second quarter 2025 and amounted to SEK 13,183 million (16,434). The level of orders received rose in business area Construction during the quarter while it fell in business area Civil Engineering. The level of orders received in business area Civil Engineering was very high in the comparable quarter when several large projects were registered, including New Bodø Airport in Norway worth NOK 3.3 billion. Orders received in business area Industry were lower in the quarter while business area Project Development had a slightly higher level of orders received since more homes were production-started than in the second quarter 2024.

January – June 2025

Orders received during the first half of 2025 was high and amounted to SEK 29,757 million (34,323). The level of orders received increased in business area Construction during the period while the level of orders received contracted in business area Civil Engineering. The level of orders received in business area Civil Engineering was very high in the comparable period when several large, billion kronor projects were registered, including New Bodø Airport in Norway worth NOK 3.3 billion, the Haga-Rosenlund stage of the West Link in Gothenburg worth about SEK 1.5 billion, a new dock in Skellefteå worth about SEK 1.1 billion and operation and maintenance contracts for about SEK 1.1 billion. In the Industry business area, orders received during the period was relatively unchanged at a high level. Business area Project Development started production of more tenant-owner apartments/condominiums compared to the same period last year, which had a positive effect on the level of orders received. There is a large portion of projects for the public sector in orders received for the Group.

Order backlog yet to be produced at the end of the period grew and amounted to SEK 51,757 million (50,578). Of the total order backlog, 59 percent (60) is expected to be produced after 2025 (2024). Swedish operations accounted for 78 percent (75) of the order backlog.

Preliminary agreements

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 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 beginning of 2025 the potential value was around SEK 13 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, we see that new projects have flowed into phase 1 while other projects have fallen away. During the period several new projects were added to both business areas, but especially to the business area Construction. The value of the construction contracts generated from these phase 1 contracts at the end of June was around SEK 16 billion, and these orders will potentially be received over the next two years.