Order situation

October – December 2023

The level of orders received in the fourth quarter 2023 amounted to SEK 10,527 million (10,455). The level of orders received in business area Civil Engineering has increased compared to the corresponding quarter last year while the level of orders received in business area Industry has contracted. The weak demand for housing has led to fewer production starts of tenant-owner apartments/condominiums, which has had a negative effect on orders received in business areas Project Development and Construction. The level of orders received from public customers continued to be good in the quarter.

January  – December 2023

The level of orders received in 2023 contracted and amounted to SEK 45,108 million (53,259).

The reduction is largely related to business areas Construction and Project Development where the weak demand for housing has had a negative effect on orders received. In business area Industry we have also been more selective about tenders submitted by Paving in Norway. The level of orders received in business area Civil Engineering has increased somewhat during the year. There is a large portion of projects for the public sector in orders received for the Group during the year.

Order backlog yet to be produced at the end of the year amounted to SEK 39,060 million compared to SEK 44,389 million at the end of last year. Of the total order backlog, 35 percent (35) will be produced after 2024 (2023). Swedish operations accounted for 82 percent (78) of order backlog.

Orders received

MSEK Oct-Dec
2023		 Oct-Dec
2022		 Jan-Dec
2023		 Jan-Dec
2022
Mkr Okt-dec
2023		 Okt-dec
2022		 Jan-dec
2023		 Jan-dec
2022
Construction Bygg 5,835 6,321 22,779 27,732
Civil Engineering Anläggning 3,274 2,904 15,090 14,877
Industry Industri 2,424 3,127 11,186 12,788
Project Development Projektutveckling -151 453 136 6,019
Eliminations Elimineringar -855 -2,350 -4,083 -8,157
Group Koncernen 10,527 10,455 45,108 53,259

Order backlog

MSEK Dec 31
2023		 Dec 31
2022
Mkr 31 dec
2023		 31 dec
2022
Construction Bygg 24,469 29,064
Civil Engineering Anläggning 13,905 13,939
Industry Industri 3,954 4,273
Project Development Projektutveckling 1,620 5,447
Eliminations Elimineringar -4,888 -8,334
Group Koncernen 39,060 44,389

Project size of order backlog, December 31, 2023

Order backlog allocated over time

Apartment Building

Nådendal, Finland

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

  • Construction of another stage in the project Trägården in Askim, Gothenburg. A total of 117 new apartments for rent will be built for Stena Fastigheter Göteborg AB. The contract is worth SEK 135 million.
  • Construction of a new fire and emergency station in Norrköping. The customer is Norrköping Municipality. The contract is worth SEK 132 million.
  • Construction of Fremmerholen’s new wastewater treatment plant in Ålesund. The customer is Ålesund Municipality. The contract is worth NOK 202 million.
  • Commission to rebuild and add on to Värnamo Hospital. The customer is Regionsfastigheter in Jönköping County. The contract is worth SEK 214 million.
  • Construction of rental apartments in Malmö. The customer is MKB Fastighets AB. The contract is worth SEK 408 million.
  • Construction of a new senior living facility in Norrköping. The customer is Norrköping Municipality. The contract is worth SEK 210 million.
  • Commission to rebuild Vaxholm’s docks. The customer is the City of Vaxholm. The contract is worth SEK 116 million.
  • Construction of a new main water line in Lillestrøm. The customer is Nedre Romerike Vann- og Avløpsselskap. The contract is worth NOK 144 million.
  • Commission to upgrade Svedala Station and build a pedestrian tunnel. The customer is the Swedish Transport Administration. The contract is worth SEK 106 million.
  • Construction of the eighth stage of apartment buildings at Mariehöjd in Umeå, which will comprise 79 tenant-owner apartments and two common areas. The customer is Mariehöjd Produktion AB. The contract is worth SEK 133 million.
  • Construction of a cold storage unit in Hyllinge northeast of Helsingborg. The customer is Evolv Frysen 1 AB. The contract is worth SEK 111 million.
  • Renovation of a hotel in Vantaa on the outskirts of Helsinki. The customer is Kiinteistö OY Haukipurontie (Keva). The contract is worth EUR 13 million.
  • Construction of a new fire station with an adjacent training field at Eriksberg in Hallstahammar. The customer is Rescue Services Mälardalen. The contract is worth SEK 140 million.
  • Construction of a senior living facility in Stenungsund. The customer is Stenungsund Municipality. The contract is worth SEK 188 million.
  • Construction of the first stage of Ullevi Road in Linköping. The customer is Linköping Municipality. The contract is worth SEK 160 million.
  • Construction of Norra Hallsås School in Lerum. The customer is Lerum Municipality. The contract is worth SEK 390 million.
  • Construction of three rental apartment buildings in Tampere. The customer is Tampereen Vuokra-asunnot Oy (TVA). The contract is worth EUR 24 million.
  • Construction of adapted housing and a daytime activity center in Harstad. The customer is Harstad Municipality. The contract is worth NOK 114 million.
  • Rebuilding E22 Interchange Lund Södra and Road 108 between Staffanstorp and Lund. The customer is the Swedish Transport Administration. The contract is worth SEK 533 million.
  • Construction of a new swimming pool facility in Leknes. The customer is Vestvågøy Municipality and the contract is worth NOK 262 million.

The following own housing developments were production-started in the fourth quarter:

  • Combined project of homes and a mobility hub in Helsingborg that comprises 79 apartments and 127 parking spaces. The apartments will be built in an area close to nature and mass transit. The completed building will be certified according to the Swan ecolabel and parking spaces will have charging stations for electric vehicles. The project is expected to be completed during the fourth quarter 2025. The project is not included in orders received since it is being built on Peab’s own balance sheet.

We received a number of federal and municipal paving contracts in the fourth quarter, including:

  • One year federal contract in Kuopio for EUR 7 million.
  • One year private contract for paving tunnels in Tromsø for NOK 39 million. 
  • One year federal contract for the highway at Kliplev for DKK 15 million.
  • One year municipal contract in Hallsberg Municipality for SEK 13 million.