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Peab AB (PEABb.ST)

PEABb.ST on Stockholm Stock Exchange

77.40SEK
12:00pm EDT
Change (% chg)

-0.90kr (-1.15%)
Prev Close
78.30kr
Open
78.30kr
Day's High
78.55kr
Day's Low
77.40kr
Volume
322,849
Avg. Vol
394,250
52-wk High
89.70kr
52-wk Low
68.30kr

Latest Key Developments (Source: Significant Developments)

Peab Q2 Pre-Tax Profit Rises To SEK 811 Million
Friday, 19 Jul 2019 02:00am EDT 

July 19 (Reuters) - Peab AB ::PEAB'S HALF-YEAR REPORT JANUARY - JUNE 2019.Q2 NET SALES SEK 14,336 MILLION (13,453).Q2 OPERATING PROFIT SEK 821 MILLION (677).Q2 PRE-TAX PROFIT SEK 811 MILLION (673).Q2 ORDERS RECEIVED SEK 10,817 MILLION (16,257).DEMAND CONTINUES TO BE GOOD BUT CONDITIONS VARY DEPENDING ON LOCATION AND PRODUCT - CEO.WE CONTINUE TO INVEST IN OUR PROJECT DEVELOPMENT BUSINESS AND WE ARE ALSO EXPANDING OUR INDUSTRIAL OPERATIONS THROUGH ACQUISITION OF YIT'S NORDIC PAVING AND MINERAL AGGREGATES BUSINESS - CEO.  Full Article

YIT To Sell Its Nordic Paving And Mineral Aggregates Businesses To Peab
Thursday, 4 Jul 2019 01:41am EDT 

July 4 (Reuters) - Yit Oyj ::YIT TO SELL ITS NORDIC PAVING AND MINERAL AGGREGATES BUSINESSES TO PEAB FOR EUR 280 MILLION.DEBT-FREE PURCHASE PRICE IS EUR 280 MILLION,.TRANSACTION IS EXPECTED TO BE COMPLETED ON JANUARY 1, 2020 AND IT WILL HAVE AN IMPACT ON YIT'S REPORTING.YIT WILL RECORD A POSITIVE CASH FLOW EFFECT OF APPROXIMATELY EUR 240 MILLION AND A CAPITAL GAIN OF APPROXIMATELY EUR 40 MILLION FROM SALE.COMPLETION OF TRANSACTION THAT IS ESTIMATED TO TAKE PLACE IN JANUARY 2020..SALE OF PAVING BUSINESSES WILL ALSO HAVE AN IMPACT COMPANY'S GUIDANCE FOR 2019.PURCHASE PRICE SHALL BE ADJUSTED AT TIME OF COMPLETING TRANSACTION ON GROUNDS AGREED BY AND BETWEEN PARTIES AND IT SHALL BE PAID FULLY IN CASH IN CONNECTION WITH COMPLETION OF TRANSACTION.  Full Article

Peab Acquires YIT's Nordic Paving And Mineral Aggregates Business
Thursday, 4 Jul 2019 01:30am EDT 

July 4 (Reuters) - Peab AB ::PEAB ACQUIRES YIT'S NORDIC PAVING AND MINERAL AGGREGATES BUSINESS.ACQUIRED BUSINESS HAD NET SALES OF SEK 6,005 MILLION WITH AN ADJUSTED EBITDA OF SEK 240 MILLION IN 2018.ACQUISITION ENTAILS TAKING OVER SOME 200 STRATEGICALLY LOCATED QUARRIES ALONG WITH 63 PRODUCTION ASPHALT PLANTS IN NORDIC REGION.ACQUISITION ALSO ENTAILS TAKING OVER SOME 1,700 EMPLOYEES.TAKEOVER IS EXPECTED TO OCCUR ON JANUARY 1, 2020.PURCHASE PRICE IS EXPECTED TO AMOUNT TO SEK 2,966 MILLION FOR A DEBT-FREE BUSINESS AND IS FULLY FINANCED.TRANSACTION IS A COMBINATION OF AN ASSET DEAL AND A SHARE PURCHASE.  Full Article

Peab Gets Contract Worth NOK 235 Mln
Monday, 17 Jun 2019 08:30am EDT 

June 17 (Reuters) - Peab AB ::PEAB BUILDS APARTMENTS AND TERRACED HOUSES IN NORWAY.CUSTOMER IS BERGERVEIEN 24 AND CONTRACT IS WORTH NOK 235 MILLION.PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2019.CONSTRUCTION WILL BEGIN IN SEPTEMBER 2019 AND OCCUPATION IS PLANNED FOR JANUARY 2021.PROJECT IS A TURNKEY CONTRACT. CONSTRUCTION WILL BEGIN IN SEPTEMBER 2019 AND OCCUPATION IS PLANNED FOR JANUARY 2021.  Full Article

Peab Builds Nursing Home In Västerås, Sweden
Monday, 17 Jun 2019 05:00am EDT 

June 17 (Reuters) - Peab AB ::PEAB BUILDS NURSING HOME IN VÄSTERÅS.CUSTOMER IS HEMSÖ FASTIGHETS AB AND CONTRACT IS WORTH SEK 265 MILLION..CONTRACT COMPRISES PLANNING AND CONSTRUCTION OF A NURSING HOME WITH 120 APARTMENTS..PROJECT IS A TURNKEY CONTRACT.CONSTRUCTION WILL BEGIN IN AUGUST 2019 AND IS EXPECTED TO BE COMPLETED IN APRIL 2021..PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2019..  Full Article

Peab Gets Contract Worth SEK 491 Mln
Wednesday, 12 Jun 2019 09:00am EDT 

June 12 (Reuters) - Peab AB ::PEAB RECEIVES CONTRACT FOR FURTHER EARTHWORK IN BROMSTEN.CUSTOMER IS STOCKHOLM CITY DEVELOPMENT DEPARTMENT AND CONTRACT IS WORTH SEK 491 MILLION..PROJECT IS A TRADITIONAL CONTRACT AND CONSTRUCTION STARTS IN JUNE 2019. IT IS EXPECTED TO BE COMPLETED IN 2024.PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2019.  Full Article

Peab Gets Order Worth SEK 169 Million
Tuesday, 21 May 2019 04:40am EDT 

May 21 (Reuters) - Peab AB ::PEAB BUILDS APARTMENTS IN RONNEBY.PROJECT IS A TURNKEY CONTRACT IN COOPERATION.CONSTRUCTION WILL BEGIN IN JUNE 2019 AND OCCUPATION IS PLANNED FOR JUNE 2021..PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2019..CUSTOMER IS AB RONNEBYHUS AND CONTRACT IS WORTH SEK 169 MILLION..  Full Article

Peab Builds School And Multi-Purpose Hall In Norway
Friday, 12 Apr 2019 10:30am EDT 

April 12 (Reuters) - Peab AB ::PEAB BUILDS SCHOOL AND MULTI-PURPOSE HALL IN NORWAY.CONTRACT IS WORTH NOK 193 MILLION..CUSTOMER IS EVENES MUNICIPALITY.PROJECT WILL BE ORDER REGISTERED IN Q2 OF 2019.  Full Article

Peab Builds Apartment Building In Helsinki, Finland
Wednesday, 27 Feb 2019 04:00am EST 

Feb 27 (Reuters) - Peab AB ::PEAB BUILDS APARTMENT BUILDING IN HELSINKI, FINLAND.CUSTOMER IS LUMO KODIT OY AND CONTRACT IS WORTH EUR 11 MILLION.CONSTRUCTION WILL BEGIN FEBRUARY 2019 AND OCCUPATION IS PLANNED FOR OCTOBER 2020.PROJECT WILL BE ORDER REGISTERED IN Q1 OF 2019.  Full Article

Peab Renovates University In Norway
Tuesday, 26 Feb 2019 03:15am EST 

Feb 26 (Reuters) - Peab AB ::PEAB RENOVATES UNIVERSITY IN NORWAY.CUSTOMER IS STATSBYGG AND CONTRACT IS WORTH NOK 132 MILLION..PROJECT IS A TURNKEY CONTRACT AND CONSTRUCTION WILL BEGIN IN APRIL 2019..PROJECT IS A TURNKEY CONTRACT AND CONSTRUCTION WILL BEGIN IN APRIL 2019. OCCUPATION IS PLANNED FOR JUNE 2020..PROJECT WILL BE ORDER REGISTERED IN Q1 OF 2019..OCCUPATION IS PLANNED FOR JUNE 2020.  Full Article