Quarterly report

January – September 2024

Westerlundska High School

Enköping

Peab reports higher net sales, strong profits and improved cash flow for the third quarter. Operations in civil engineering and paving continue to grow with profitability. Once again we give proof of how well our four business areas complement each other and enable us to take advantage of the demand in our markets.

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We received a number of major construction projects and contracts in the third quarter, including:

  • Complete renovation of the openable road and railroad bridge North Danvik Bridge in Stockholm. The customers are AB Storstockholms Lokaltrafik and the City of Stockholm’s Transport Department.

The contract is worth SEK 299 million.

  • Construction of Gothenburg’s new station building which will be the largest of three entrances for the West Link station Centralen. The customer is Jernhusen.

The contract is worth SEK 870 million.

  • Commission to rebuild and extend the old welding and boiler workshop “Hall 259” in Varvsstaden in Malmö. The customer is Varvsstaden AB.

The contract is worth SEK 454 million.

Other projects

Peab’s four collaborating business areas

Peab’s business model consists of four collaborating and specialized business areas structured on the conditions in each of their markets, allocated geographically and by product segment.

Business area Construction

Builds sustainably close to customers

Business area Industry

Total supplier focused on the climate

Business area Civil Engineering

Ties people and communities together

Business area Project Development

Develops sustainable urban environments, homes and commercial properties