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Peab AB (PEABb.ST)

PEABb.ST on Stockholm Stock Exchange

84.55SEK
20 Oct 2017
Change (% chg)

-0.45kr (-0.53%)
Prev Close
85.00kr
Open
85.00kr
Day's High
85.95kr
Day's Low
84.50kr
Volume
275,125
Avg. Vol
428,699
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109.50kr
52-wk Low
69.35kr

Latest Key Developments (Source: Significant Developments)

Peab acquires 60 pct of Swedish firm Smidmek
Friday, 22 Sep 2017 02:30am EDT 

Sept 22 (Reuters) - Peab AB :Peab acquires Smidmek.Has signed a contract to acquire 60 % of shares in AB Smidmek, Eslov with an option to acquire remaining 40 %..Smidmek had net sales of SEK 249 million and 29 employees in financial year 2016/2017..The company provides comprehensive solutions within frame, wrought iron and sheet metal structures used in construction and in other industries as well..The acquisition has received approval from the Swedish Competition Authority and takeover will take place in the fourth quarter 2017. .  Full Article

Peab sells Norway foundation work business to NCC
Tuesday, 29 Aug 2017 02:30am EDT 

Aug 29 (Reuters) - Peab AB :Says to divest its foundation work operations in Norway, run in Nordiska Fundamentering AS, to NCC <<>>.Says business had net sales of NOK 252 million and 102 employees in 2016.Says transaction requires approval by Norwegian Competition Authority and divestiture is expected to take place in Q4 2017.  Full Article

Peab Q2 operating profit rises
Friday, 18 Aug 2017 02:00am EDT 

Aug 18 (Reuters) - Peab :Peab Q2 operative net sales SEK 12,813 million (12,781).Peab Q2 operative operating profit SEK 631 million (624).Peab Q2 orders received SEK 12,156 million (10,165).  Full Article

Peab Q1 EBIT above expectations
Wednesday, 10 May 2017 07:00am EDT 

May 10 (Reuters) - Peab Ab :Q1 operative net sales sek 11,096 million (8,692).Q1 operative operating profit sek 316 million (188).Q1 pre-tax profit sek 311 million (146).Q1 operating profit 320 mln SEK (157).Q1 orders received SEK 11,114 million (11,886).Reuters poll: peab q1 orders seen at 9,711 million sek, operating profit seen at 261 million.Peab ab says after very strong development during 2016 in building construction startups in sweden construction is expected to even off on a high level in 2017, primarily as a result of capacity limitation.Peab ab says slightly fewer building construction startups are expected in norway and finland during 2017.Peab ab says market conditions in civil engineering in sweden and norway are deemed good 2017.  Full Article

Peab says wins several road maintenance contracts
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Peab AB :Peab receives several new contracts for road maintenance.Says has been commissioned to maintain and repair public roads in Gällivare, Strömsund, Sollefteå, Sundsvall, Gävle, Karlstad and Southern Gotland.Says total value of contracts for seven areas is around sek 742 million over four years.  Full Article

Peab wins construction order worth SEK 710 mln
Thursday, 27 Apr 2017 04:00am EDT 

April 27 (Reuters) - Peab AB :Peab rebuilds sollentuna Hospital.Says contract is worth SEK 710 million.  Full Article

Peab wins contract for road maintenance worth SEK 107 mln
Wednesday, 26 Apr 2017 03:00am EDT 

April 26 (Reuters) - Peab AB :Says receives new contract for road maintenance in Tingsryd.Says contract is around SEK 107 million over four years.  Full Article

Peab develops and builds new offices in Solna
Tuesday, 4 Apr 2017 03:04am EDT 

Peab Ab : Says develops and builds new offices in Solna . Says Peab is investing SEK 453 million in office building, SEK 317 million of which consists of internal construction contract .The order will be included in orders received during the first quarter of 2017 for business area Construction. The order will be eliminated on Group level..  Full Article

Catena buys remaining part of jointly owned companies
Friday, 31 Mar 2017 03:43am EDT 

CATENA AB : SAID ON THURSDAY ACQUIRED THE REMAINING PART OF FOUR JOINTLY OWNED COMPANIES WITH AN UNDERLYING PROPERTY VALUE OF 560 MILLION SWEDISH CROWNS . THE FOUR COMPANIES WERE OWNED 50/50 WITH PEAB . THE PURCHASE PRICE FOR 50 PERCENT OF THE SHARES OF ALL THE COMPANIES AND PROPERTIES TOTALS APPROXIMATELY SEK 104 MILLION AND THE ACQUISITION IS INITIALLY FINANCED THROUGH OWN CASH .CATENA WILL TAKE POSSESSION OF AND PEAB SHAREHOLDING OF THE COMPANIES AND PROPERTIES WILL CEASE ON MARCH 30, 2017.  Full Article

Mats Paulsson family reorganizes holdings in Peab, Skistar
Wednesday, 8 Mar 2017 07:00am EST 

Peab AB : Says Mats Paulsson family has informed Peab AB that during spring and summer of 2017 it intends to combine its indirect holdings in Peab and take first steps to transfer ownership to next generation . Says securities council has given its approval for an exception to mandatory bid for planned transactions and next generation transfer . The Holding Company will directly and indirectly own shares equal to 48.2 % of the total number of votes and 20.86 % of the capital. .Says will also combine indirect holdings in Skistar and transfer to holding company.  Full Article