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Peab AB (PEABb.ST)

PEABb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Peab sells to Fabege in Solna
Friday, 25 Nov 2016 02:00am EST 

Peab Ab : Peab sells to Fabege in Solna . Peab is divesting a number of assets in Solna to Fabege . The divestitures in Ulriksdal generate a positive operating result of around SEK 180 million . The divestitures of assets connected to Arenabolaget and Visio generate a negative operating result of around SEK 180 million . The transactions will be implemented and recognized in the first quarter of 2017 and will have no net effect on the result .After the turnover in January 2017 Peab's liquidity will have increased by some SEK 900 million and net debt will be reduced by around SEK 500 million.  Full Article

Peab says acquired gravel and rock operations
Thursday, 1 Sep 2016 07:00am EDT 

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 04:00am EDT 

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 02:09am EDT 

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 03:05am EDT 

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

Peab Q1 operating profit below forecasts
Tuesday, 10 May 2016 07:00am EDT 

Peab Q1 operating profit 157 million SEK ($19.3 mln) vs 213 mln seen in Reuters poll Net sales 8,531 mln SEK vs 9,574 mln expected in Reuters poll : Q1 operative net sales sek 8,692 million (9,001) . Orders received sek 11,886 million (9,559) . Q1 operative operating profit sek 188 million (171) .Reuters poll: order intake seen at SEK 10,535 million.  Full Article

Peab AB to upgrade Tasentunnelen in Oslo
Thursday, 28 Apr 2016 02:00am EDT 

Peab AB:Says to upgrade Tasentunnelen in Oslo.Says client is the Norwegian Public Roads Administration and the contract amounts to 152 MNOK.  Full Article

Peab builds care home and apartments in Uppsala
Friday, 18 Mar 2016 06:00am EDT 

Peab AB:Builds a care home and apartments in Uppsala.Says contract amounts to 186 million Swedish crowns.  Full Article

Peab wins order worth SEK 237 mln
Tuesday, 15 Mar 2016 07:15am EDT 

Peab AB:Rebuilds Varnamo hospital.Says contract amounts to 237 million Swedish crowns.Project will be reported in Q1 2016.  Full Article

Peab AB wins ‍contract worth around SEK 327 mln​
Tuesday, 8 Mar 2016 05:45am EST 

Peab AB:Says to build 166 rental apartments in Malmo.Says ‍contract value is about 327 million​ Swedish crowns.Client is MKB Fastighets AB.  Full Article

BRIEF-Fabege closes acquisition deal with Peab

* Purchase consideration for shares in Visio amounts to preliminary figure of 300 million Swedish crowns ($32.48 million)