Quarterly report

January – September 2018

MH2, Norways’s Arctic University

Tromsø

Increased sales with an improved operating profit

July – September 2018

  • Net sales SEK 12,445 million (11,595)
  • Operating profit SEK 743 million (714)
  • Operating margin 6.0 percent (6.2)
  • Pre-tax profit SEK 750 million (705)
  • Earnings per share SEK 2.05 (1.98)
  • Orders received SEK 11,473 million (10,651)
  • Cash flow before financing SEK -876 million (104)

January – September 2018

  • Net sales SEK 37,388 million (35,491)
  • Operating profit SEK 1,710 million (1,665)
  • Operating margin 4.6 percent (4.7)
  • Pre-tax profit SEK 1,679 million (1,633)
  • Earnings per share SEK 4.73 (4.70)
  • Orders received SEK 40,636 million (35,960)
  • Order backlog SEK 48,036 million (40,211)
  • Cash flow before financing SEK -1,970 million (787)
  • Net debt SEK 4,441 million (2,347)
  • Equity/assets ratio 29.4 percent (30.4)

Comments from the CEO

Peab continued to develop positively during the third quarter and all the business areas except Project Development presented an improved operating profit. Market conditions remain good and we see an increase in orders received primarily in civil engineering and other building construction, which compensates for lower volumes in our own home development projects.

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