Overview business areas
The Peab Group is presented in four different business areas: Construction, Civil Engineering, Industry and Project Development. The business areas are also operating segments.
Recognition of internal projects between business areas Construction and Project Development
Business area Construction reports net sales and profit/loss referring to the contract construction in our own housing projects, in rental projects and other property projects to business area Project Development. Recognition takes place over time as the projects are completed. Business area Project Development reports net sales for both contract construction and the developer part of our own housing projects. The reported profit/loss consists of the profit/loss in the developer part recognized over time.
Recognition of property projects on our own balance sheet
The underlying sales value of property projects on our own balance sheet, reported as project and development property, that are sold in the form of a company via shares is recognized as net sales and the reported value on the balance sheet is recognized as an expense. When property projects reported as operations property or investment property are divested the net effect on profit/loss is recognized as other operating income or other operating cost.
Group functions
In addition to the business areas, central companies, certain subsidiaries and other holdings are presented as Group functions. The central companies primarily consist of the parent company Peab AB, Peab Finans and Peab Support (Shared Service Center).
Net sales and operating profit per business area
| Net sales | Operating profit | Operating margin | |||||||||||
| MSEK | Oct-Dec 2018 | Oct-Dec 2017 | Jan-Dec 2018 | Jan-Dec 2017 | Oct-Dec 2018 | Oct-Dec 2017 | Jan-Dec 2018 | Jan-Dec 2017 | Oct-Dec 2018 | Oct-Dec 2017 | Jan-Dec 2018 | Jan-Dec 2017 | |
| Nettoomsättning | Rörelseresultat | Rörelsemarginal | |||||||||||
| Mkr | Okt-dec 2018 | Okt-dec 2017 | Jan-dec 2018 | Jan-dec 2017 | Okt-dec 2018 | Okt-dec 2017 | Jan-dec 2018 | Jan-dec 2017 | Okt-dec 2018 | Okt-dec 2017 | Jan-dec 2018 | Jan-dec 2017 | |
| Construction | Bygg | 8,182 | 7,631 | 28,340 | 26,726 | 207 | 180 | 670 | 602 | 2.5% | 2.4% | 2.4% | 2.3% |
| Civil Engineering | Anläggning | 4,189 | 3,787 | 13,745 | 11,825 | 145 | 136 | 415 | 374 | 3.5% | 3.6% | 3.0% | 3.2% |
| Industry | Industri | 3,803 | 3,684 | 13,284 | 12,761 | 401 | 302 | 977 | 867 | 10.5% | 8.2% | 7.4% | 6.8% |
| Project Development | Projektutveckling | 1,904 | 2,205 | 7,844 | 8,343 | 245 | 246 | 785 | 804 | 12.9% | 11.2% | 10.0% | 9.6% |
| – of which Property Development | – varav Fastighetsutveckling | 194 | 117 | 738 | 1,013 | 69 | 6 | 170 | 98 | 35.6% | 5.1% | 23.0% | 9.7% |
| – of which Housing Development | – varav Bostadsutveckling | 1,710 | 2,088 | 7,106 | 7,330 | 176 | 240 | 615 | 706 | 10.3% | 11.5% | 8.7% | 9.6% |
| Group functions | Koncerngemensamt | 223 | 262 | 1,043 | 993 | -155 | -128 | -274 | -228 | ||||
| Eliminations | Elimineringar | -3,456 | -3,079 | -12,023 | -10,667 | 20 | 17 | 0 | -1 | ||||
| Group | Koncernen | 14,845 | 14,490 | 52,233 | 49,981 | 863 | 753 | 2,573 | 2,418 | 5.8% | 5.2% | 4.9% | 4.8% |