Order situation

October – December 2025

Orders received were high during the fourth quarter 2025 and amounted to SEK 14,947 million (12,052). The level of orders received rose in business area Civil Engineering and Industry during the quarter while it fell in business area Construction and Project Development. Orders received in business area Civil Engineering include around SEK 4 billion for the continuation of the Haga-Rosenlund stage of the West Link in Gothenburg commissioned by the Swedish Transport Administration.

January – December 2025

The level of orders received during 2025 was high and amounted to SEK 54,927 million (56,510). The level of orders received increased in business area Construction during the year, spread well geographically and among product areas. A large portion of orders received is for the public sector. The level of orders received was lower during the year in business area Civil Engineering. Orders received include around SEK 4 billion for the continuation of the Haga-Rosenlund stage of the West Link in Gothenburg commissioned by the Swedish Transport Administration. The level of orders received in business area Civil Engineering was high in the comparable period when several large, billion kronor projects were registered, including the New Bodø Airport in Norway worth NOK 3.3 billion, the Haga-Rosenlund stage of the West Link in Gothenburg worth about SEK 1.5 billion, a new dock in Skellefteå worth about SEK 1.1 billion and operation and maintenance contracts for about SEK 1.1 billion. In business area Industry order intake was slightly lower but remained at a high level. In Industry, Swerock/Asphalt had a lower level of orders received in Finland and Norway while the level of orders received in Construction system was higher. Business area Project Development started production of more tenant-owner apartments/condominiums compared to last year, which had a positive effect on the level of orders received. A large portion of orders received in the Group is for projects in the public sector.

Order backlog yet to be produced at the end of the year grew and amounted to SEK 48,544 million (44,906). Of the total order backlog, 38 percent (37) is expected to be produced after 2026 (2025). Swedish operations accounted for 86 percent (79) of the order backlog.

Preliminary agreements

Operations in business areas Construction and Civil Engineering often participate in dialogues with customers at an early stage prior to planned projects, so-called phase 1 contracts. Through these preliminary agreements Peab is contracted to arrive at, together with the customer, an optimal product with the right quality and also deal with risks and uncertainties. As of 2024, we present the potential value of the final construction contracts generated by these preliminary agreements.

At the beginning of 2025 the potential value was around SEK 13 billion. During the period several projects went from phase 1 to phase 2, which means that the projects have been converted into construction contracts and included in Peab’s orders received. At the same time, we see that new projects have flowed into phase 1 while a few have fallen away. During the period several new projects were added to both business areas but especially to the business area Construction. The value of the construction contracts generated from these phase 1 contracts at the end of December was around SEK 17 billion, and these orders will potentially be received over the next two years.