Other information

Risks and uncertainty factors

Peab’s business is exposed to operational and financial risks. The impact of these risks on Peab’s result and position depends on how well the day-to-day business is handled in the company. In addition, Peab faces circumstantial risks such as developments in the economy and altered conditions like changes in laws and regulations and other political decisions.

Handling operational risks is a constant ongoing process since there are always a large number of projects that are beginning, up and running and ending. Operational risks are taken care of in the line organization in each business area. Peab’s business is to a large extent project related. Grey areas concerning contract terms can lead to borderline issues followed by negotiations with customers.

The financial risks are connected to tying up capital and the need for capital, primarily in the form of interest rate risk and refinancing risk. Financial risks are dealt with on Group level. For further information on risks and uncertainty factors, see the 2017 Annual Report.

Holdings of own shares

At the beginning of 2018 Peab’s own B shareholding was 1,086,984 which corresponds to 0.4 percent of the total number of shares. No changes have taken place during the year 2018.

The Peab share

Peab’s B share is listed on the Nasdaq Stockholm, Large Cap list. As of 31 December 2018, the price of the Peab share was SEK 72.40, an increase of three percent during 2018. During the same period, the Swedish stock market decreased by eight percent according to the general index in the business magazine “Affärsvärlden”. During 2018 the Peab share has been quoted at a maximum of SEK 85.85 and a minimum of SEK 62.60.

Important events during the report period

Camila Buzaglo was appointed Chief Communications Officer at Peab and a member of executive management. Camila left a position as CCO at IP-Only. She has previously worked with communication and public relations at Telia and in the Government and Parliament Offices as press secretary. Camila assumed her role as CCO on 1 November 2018.

Lotta Brändström became the Business Area Civil Engineering Manager at Peab on 1 January 2019. Lotta Brändström held the position of Assistant Business Area Civil Engineering Manager. She has previously been the CEO of Göteborg Energi and held various positions within the Swedish Transport Administration and the Swedish Railway Authority. Lotta Brändström took the place of Karl-Gunnar Karlsson who was the combined Business Areas Civil Engineering and Industry Manager for several years. Karl-Gunnar Karlsson will continue in his role as Business Area Industry Manager. Lotta Brändström also became a member of executive management which now consists of:

Jesper Göransson, President and CEO
Niclas Winkvist, CFO
Roger Linnér, COO
Camila Buzaglo, CCO
Stefan Danielsson, Business Area Construction Manager
Lotta Brändström, Business Areas Civil Engineering Manager
Karl-Gunnar Karlsson, Business Area Industry Manager
Göran Linder, Business Area Project Development Manager

 

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