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Peab AB (PEABb.ST)

PEABb.ST on Stockholm Stock Exchange

75.40SEK
18 May 2018
Change (% chg)

-0.20kr (-0.26%)
Prev Close
75.60kr
Open
75.65kr
Day's High
76.20kr
Day's Low
75.15kr
Volume
542,075
Avg. Vol
695,234
52-wk High
109.50kr
52-wk Low
62.60kr

Latest Key Developments (Source: Significant Developments)

Peab Wins Contract To Build Swimming And Sports Facility In Köping
Wednesday, 9 May 2018 

May 9 (Reuters) - Peab AB ::PEAB BUILDS SWIMMING AND SPORTS FACILITY IN KÖPING.CONTRACT IS WORTH SEK 340 MILLION.COMMISSION IS A TRADITIONAL CONTRACT.CONSTRUCTION WILL START IN MAY 2018 AND IS EXPECTED TO BE COMPLETED IN SEPTEMBER 2020.PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2018.  Full Article

Peab Q1 pretax profit, orders beat expectations
Monday, 7 May 2018 

May 7 (Reuters) - Peab AB ::Q1 ORDERS RECEIVED SEK 12,906 MILLION (12,429).Q1 - PRETAX PROFIT SEK 256 MILLION (311).SAYS AS OF THIS REPORT ORDERS RECEIVED INCLUDES PART OF INDUSTRY, WHICH HAD AN EFFECT OF SEK 1,546 MILLION (1,760).REUTERS POLL: PRETAX PROFIT WAS SEEN AT 250 MLN SEK, ORDERS RECEIVED AT 11,421 MLN SEK.SAYS OUTLOOK FOR PEAB IS POSITIVE WITH A SOLID ORDER BACKLOG, A GOOD PROJECT MIX, A WELL-DIMENSIONED DEVELOPMENT RIGHTS PORTFOLIO AND A STRONG FINANCIAL POSITION.SAYS IN 2018 AND 2019 BUILDING CONSTRUCTION IS EXPECTED TO CONTRACT SLIGHTLY AS THE HOUSING MARKET SETTLES DOWN.SAYS IN 2018 AND 2019 BUILDING CONSTRUCTION IN SWEDEN IS EXPECTED TO CONTRACT SLIGHTLY AS THE HOUSING MARKET SETTLES DOWN.  Full Article

Instalco Intressenter Unit Wins Assignment In Gothenburg
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Instalco Intressenter Ab ::LG CONTRACTING WINS HEATING AND PLUMBING ASSIGNMENT IN GOTHENBURG.‍CUSTOMER IS PEAB AND ORDER VALUE AMOUNTS TO APPROX. SEK 75 MILLION.​.‍PROJECT IS EXPECTED TO BE COMPLETED BY YEAR-END OF 2021.​.  Full Article

Peab Q3 pretax profit, order intake top forecast​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Peab AB :Q3 ‍orders received SEK 9,917 million vs yr-ago 9,027 million​.Q3 ‍pre-tax profit SEK 697 million vs yr-ago 627 million.Reuters poll: Peab Q3 orders seen at 9,160 million SEK, pretax profit seen at 674 million​.Q3 ‍operative operating margin 6.1 percent vs yr-ago 5.5 percent​.Says ‍outlook is positive with a solid order backlog, a good project mix, a well-dimensioned development rights portfolio, continued positive market prospects and a strong financial position​.Says the number of start-ups of our own developed homes during the third quarter amounted to 463 units vs yr-ago 483​.Says in some areas there is a large supply of newly produced, more expensive homes that currently take longer to sell than previously.Says this is primarily in some parts of the Stockholm region.Says sales rate for our apartments in Stockholm’s suburbs with a more normal price range is still good.Says there is still a strong need for extensive construction in Peab's markets, not only in housing but in all other building construction and civil engineering.Says number of sold homes during Q3 was 613 vs yr-ago 516​.  Full Article

YIT: PEAB sells its holding in Lemminkäinen
Tuesday, 10 Oct 2017 

Oct 10(Reuters) - YIT OYJ ::SAID ON MONDAY PEAB AB HAD ANNOUNCED THAT IT HAD DIVESTED ITS ENTIRE HOLDING IN LEMMINKÄINEN CORPORATION.PEAB WAS THE ONLY SHAREHOLDER WHO VOTED AGAINST THE RESOLUTION CONCERNING THE MERGER OF YIT AND LEMMINKÄINEN.THE REDEMPTION OF THE SHARES OF SHAREHOLDERS HAVING OBJECTED THE MERGER REFERRED TO IN CHAPTER 16, SECTION 13 OF THE FINNISH COMPANIES ACT WILL NOT TAKE PLACE.THE HOLDING OF ONVEST SIJOITUS OY IN LEMMINKÄINEN INCREASED TO A NUMBER OF SHARES CORRESPONDING TO THE NUMBER OF SHARES DIVESTED BY PEAB..  Full Article

Builder PEAB Q4 EBIT slightly above expectations
Friday, 10 Feb 2017 

Peab AB : Q4 operative operating profit sek 641 million (-220) . Q4 orders received sek 10,367 million (9,704) . Q4 operating profit sek 673 million (-217) . proposes a dividend of sek 3.60 (2.60) per share . Reuters poll: Q4 operating profit was seen at 635 mln SEK, orders at 9,496 mln, dividend at 2.91 SEK/share [nL5N1FU45K] . says housing construction volumes and other building construction in 2017 are expected to remain on a high level . says level of building construction in norway is expected to remain the same in 2017 after slightly rising in 2016 . says in finland, despite a good housing market lower growth is expected in 2017 .says the market conditions for civil engineering in sweden and norway in the next few years are considered good.  Full Article

Peab says acquired gravel and rock operations
Thursday, 1 Sep 2016 

Peab Ab : Peab has today acquired gravel and rock operations in the Gothenburg area . Peab has, through its subsidiary Swerock, carried out the acquisition of the operations ran by HeidelbergCement Northern Europe within extraction, production and sales of gravel and rock products in the Western Gotaland region .Says net sales for business in financial year 2015 amounted to around SEK 110 million and there are 27 employees.  Full Article

Peab says acquires gravel and rock business
Tuesday, 30 Aug 2016 

Peab AB : Says acquires gravel and rock operations in the Gothenburg area .Says net sales for the business in the financial year 2015 amounted to around SEK 110 million and there are 27 employees.  Full Article

Peab Q2 orders beat forecast, profit just lags
Wednesday, 17 Aug 2016 

Peab AB : Q2 orders received SEK 10,165 million (9,414) vs mean forecast 9,638 in Reuters poll [nL8N1AS33C] . Peab ab q2 operative net sales SEK 12,781 million (11,451) . Peab ab q2 operative operating profit SEK 624 million (507) .Peab Q2 pretax profit SEK 609 mln vs mean forecast 626 mln.  Full Article

Sweden's Peab buys Solberg Maskin in Norway
Wednesday, 6 Jul 2016 

Peab Ab : Peab acquires Solberg Maskin in Trondheim . In 2015 Solberg Maskin had a turnover amounting to NOK 88 million. Further company coverage: [PEABb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article