Strong financial position and new financial targets

In this report amounts and comments are based on segment reporting if not otherwise specified. As of January 1, 2020 Peab has changed accounting principles for Swedish tenant-owned housing projects in reporting according to IFRS. Reporting of housing projects in Norway and Finland in segment reporting changed. The Group has different accounting principles in segment reporting compared to reporting according to IFRS. For more information on the new accounting principles and the differences between segment reporting and reporting according to IFRS, see note 1 and 4.

Summary according to segment reporting  

October – December 2020

  • Net sales SEK 15,424 million (15,858), of which acquired operations were SEK 1,412 million
  • Operating profit SEK 1,825 million (797), of which acquired operations were net SEK 42 million and the effect of distributing Annehem Fastigheter was SEK 952 million
  • Operating margin 11.8 percent (5.0), 5.7 percent excluding the effect of distributing Annehem Fastgheter
  • Pre-tax profit SEK 1,807 million (772)
  • Earnings per share SEK 5.62 (2.10)
  • Orders received SEK 12,189 million (12,096), of which acquired operations contributed by SEK 1,113 million
  • Cash flow before financing SEK 1,763 million (1,095)
  • Distribution and listing of Annehem Fastigheter carried out

January – December 2020

  • Net sales SEK 57,417 million (55,349), of which acquired operations SEK 5,891 million
  • Operating profit SEK 3,541 million (2,610), of which acquired operations net SEK 250 million and the effect of distributing Annehem Fastigheter was SEK 952 million
  • Operating margin 6.2 percent (4.7), 4.5 percent excluding the effect of distributing Annehem Fastigheter
  • Pre-tax profit SEK 3,433 million (2,579)
  • Earnings per share SEK 10.00 (7.25)
  • Orders received SEK 49,735 million (44,130), of which acquired operations contributed SEK 4,357 million. Order backlog SEK 42,709 million (42,494)
  • Cash flow before financing SEK 2,779 million (1,025), of which acquisition payment was SEK -3,184 million
  • Net debt SEK 3,873 million (7,535)
  • Equity/assets ratio 36.2 percent (32.5)
  • Acquisition of paving and mineral aggregates operations from YIT finalized on April 1, 2020
  • The Board proposes a dividend of SEK 4.50 (–) per share
  • New financial and non-financial targets established

Group

MSEK Oct-Dec
2020		 Oct-Dec
2019		 Jan-Dec
2020		 Jan-Dec
2019
Mkr Okt-dec
2020		 Okt-dec
2019		 Jan-dec
2020		 Jan-dec
2019
Segment reporting Segmentsredovisning
Net sales Nettoomsättning 15,424 15,858 57,417 55,349
Operating profit Rörelseresultat 1,825 797 3,541 2,610
Operating margin, % Rörelsemarginal, % 11.8 5.0 6.2 4.7
Pre-tax profit Resultat före skatt 1,807 772 3,433 2,579
Profit for the period Periodens resultat 1,655 620 2,948 2,138
Earnings per share, SEK Resultat per aktie, kr 5.62 2.10 10.00 7.25
Return on equity, % 1)  Räntabilitet på eget kapital, % 1) 23.1 17.9 23.1 17.9
Return on capital employed, % 1)  Räntabilitet på sysselsatt kapital, % 1) 17.6 12.8 17.6 12.8
Net debt Nettoskuld 3,873 7,535 3,873 7,535
Equity/assets ratio, % Soliditet, % 36.2 32.5 36.2 32.5
Cash flow before financing Kassaflöde före finansiering 1,763 1,095 2,779 1,025
Number of employees at the end of the period Antal anställda vid utgången av perioden 15,252 14,258 15,252 14,258
Reporting according to IFRS Redovisning enligt IFRS
Net sales, IFRS Nettoomsättning, IFRS 15,989 15,455 59,852 56,303
Operating profit, IFRS Rörelseresultat, IFRS 1,942 833 3,922 3,285
Pre-tax profit, IFRS Resultat före skatt, IFRS 1,910 802 3,745 3,227
Profit for the period, IFRS Periodens resultat, IFRS 1,729 653 3,181 2,656
Earnings per share, IFRS, SEK Resultat per aktie, IFRS, kr 5.87 2.21 10.79 9.00
Cash flow before financing, IFRS Kassaflöde före finansiering, IFRS 1,958 815 3,753 3,226
1) Calculated on rolling 12 months
Net sales
Operating profit
Orders received

Älvdal School

Älvdalen