Peab records strong half-year

By Joe Malone18 August 2016

Peab CEO Jesper Göransson.

Peab CEO Jesper Göransson.

Swedish-based Peab has recorded half-year revenues of SEK21.5 billion (€2.26 billion) – an increase of 5% year-on-year.

The company also saw its profits rise 19.7% compared to same period a year ago to SEK812 million (€85.72 million).

On a quarterly basis, Peab’s revenues rose 11.6% for the second quarter of 2016 to SEK12.8 billion (€1.35 billion), while its profits rose 23% year-on-year to SEK624 million (€65.88 million).

Jesper Göransson, CEO at Peab, said, “Our business model with four complementary business areas, which all have stable development and profitability, gives Peab a good position in the current market.

“A positive second quarter has led to improvements in the form of higher net sales and margin for the first half-year. Greater order backlog with longer production time, a well-dimensioned development rights portfolio, positive market forecasts and a strong financial position spells good conditions for Peab in the coming years.”

Latest News
How will hydrogen change construction equipment rental?
Clean and odourless, hydrogen promises to lift fuel supply out of the “dark ages” of carbon, although its widespread uptake is a way off
M&M Crane Hire fleet to be auctioned off
19 wheeled mobile cranes, plus trucks and tools, from UK crane rental house in unreserved auction
Wilkerson expands fleet with crawlers for Missouri wind work
The Link-Belt package includes a 250-ton TCC-2500 and two 140-ton TCC-1400s for projects in the wind sector.