Order situation

July – September 2017

Orders received for the third quarter 2017 amounted to SEK 9,917 million compared to SEK 9,027 million for the same quarter last year. The level of orders received has risen in business area Construction and Civil Engineering but contracted in Project Development. No orders received or order backlog is given for the business area Industry.

The construction and civil engineering projects in the orders received in the third quarter 2017 are well spread geographically.

January – September 2017

Orders received for the period January-September 2017 amounted to SEK 33,187 million compared to SEK 31,078 million for the same period last year. The level of orders received has risen in all business areas.

There is still a large portion of housing projects spread well geographically in orders received in the period January-September 2017. Two major road projects, worth around SEK 1 billion each, were included in the comparable period in business area Civil Engineering.

Order backlog yet to be produced at the end of the period increased to SEK 38,445 million compared to SEK 34,248 million at the end of the same period last year. Of the total order backlog, 76 percent (75) is expected to be produced after 2017 (2016). Swedish operations accounted for 84 percent (83) of the order backlog.

Orders received

 

Order backlog

 

Several major projects and contracts came in during the third quarter, among them:

  • Construction of a new arts center in Kiruna. The customer is the Kiruna municipality and the contract is worth SEK 316 million.
  • Construction of an office building in Västra Hamnen in Malmö. The customer and general contractor is Midroc Projects AB and the contract is worth SEK 109 million.
  • Construction of 68 apartments along Norrvikens Kust, Båstad. The customer is Westswedenestate AB and the contract is worth SEK 174 million.
  • Construction of the new Hadsel upper secondary and vocational school in Stokmarknes, Vesterålen in Northern Norway. The developer is Nordland County Council and the contract is worth NOK 119 million.
  • Commission to build Hitra 2, a wind farm on Hitra Island in Tröndelag, Norway. The developer is Fosen Vind and the contract is worth NOK 170 million.
  • Construction of the second office building Ultimes Business Garden II in Sockenbacka business park in Helsinki. The office building is a seven story high with about 7,900 m2 office space for rent and 150 parking spaces. Peab is investing EUR 30 million in the office building, of which our own construction contract is EUR 21 million. The construction contract is included in orders received in business area Construction in the third quarter 2017 and eliminated at Group level.

Project allocation of order backlog, 30 Sep 2017

Order backlog allocated over time