Declared Dividend • May 20
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 29th October 2026 Payment date: 4th November 2026 Dividend yield will be 21%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Peab AB (Publ) Proposes Dividend, Payable on 7 May 2026 and 4 November 2026, Respectively Peab AB (publ) at Annual General Meeting to be held on 29 April 2026 proposed a dividend to the shareholders of SEK 3.30 per share, to be paid on two occasions. At the first payment occasion, SEK 1.80 per share shall be paid, with the record date being 4 May 2026. At the second payment occasion, SEK 1.50 per share shall be paid, with the record date being 30 October 2026. If the AGM resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden on 7 May 2026 and 4 November 2026, respectively. Announcement • Feb 05
Peab AB (publ), Annual General Meeting, Apr 29, 2026 Peab AB (publ), Annual General Meeting, Apr 29, 2026. Announcement • Jan 24
Peab AB (publ) to Report Fiscal Year 2025 Results on Feb 04, 2026 Peab AB (publ) announced that they will report fiscal year 2025 results on Feb 04, 2026 Announcement • Jun 24
Peab and URW Have Reached A Settlement Agreement Regarding Mall of Scandinavia Through a settlement agreement Peab and Unibail-Rodamco-Westfield (URW) have agreed on a final resolution of all transactions regarding the contract for Mall of Scandinavia. The agreement entails that Peab's liquidity will increase by one billion Swedish kronor in the third quarter 2025, that net financial items in the second quarter 2025 will be charged with around SEK 600 million and that net debt will remain unchanged. On June 30, 2023 an arbitral award in the case regarding the contract for Mall of Scandinavia was rendered. The arbitral tribunal concurred with Peab's claims for compensation for added expenses generated by extensive changes in the project made during the production phase and ruled that Peab was entitled to compensation of approximately one billion Swedish kronor for construction costs as well as SEK 390 billion, in default interest. URW then challenged the award to Svea Court of Appeal which on May 28, 2025 rendered a judgment entitling Peab to compensation for the work incurred by changes and additions along with compensation for disorder and disruption. The arbitral award was set aside concerning URW's claim for liquidated damages for certain delays and Peab's claims for the costs of the arbitration procedures. Since no payment was made as required by the judgment Peab initiated bankruptcy proceedings against the project company Rodamco Projekt AB in order to demand payment. URW announced on June 3, 2025 that it intended to initiate a new arbitration procedure regarding its claim for liquidated damages for certain delays and Peab intended to initiate a new arbitration procedure regarding its claim for the costs of the arbitration procedures. On June 22, 2025 the parties agreed to settlement entailing a payment of one billion Swedish kronor from URW to Peab on July 2, 2025. The settlement agreement further entails that each party retract all processes, that the contract is considered finally settled and that the parties have no claims against each other, including warranty obligations. The settlement agreement thereby entails that there are no remaining risks for Peab regarding the contract for Mall of Scandinavia.Through the settlement agreement Peab will be compensated with an amount equivalent to the amount determined for costs for completing the contract in the arbitral award on June 30, 2023. The agreement entails that Peab waives an amount equivalent to accrued default interest. Announcement • May 06
Peab AB (publ) Approves Dividend for the Financial Year 2024 Peab AB (publ) at its Annual General Meeting held on May 6, 2025, approved dividend of SEK 2.75 per share for the financial year 2024, to be distributed in two instalments. The first instalment, of SEK 1. 50 per share shall be paid with a record date of 8 May 2025. The second instalment of SEK 1.25 per share shall be paid with a record date set for 28 October 2025. Announcement • Apr 04
Peab AB (Publ) Proposes Dividend, Payable on May 13, 2025 and October 31, 2025 Respectively Peab AB (publ) proposed dividend to shareholders of SEK 2.75 per share to be distributed in two payments. The first payment would be SEK 1.50 on the record date May 8, 2025. The second payment would be SEK 1.25 on the record date October 28, 2025. If the AGM decides according to the proposal, the dividend is expected to be distributed from Euroclear Sweden AB on Tuesday May 13, 2025 respectively October 31, 2025. Announcement • Feb 07
Peab AB (publ), Annual General Meeting, May 06, 2025 Peab AB (publ), Annual General Meeting, May 06, 2025. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Employee Representative Director Maria Doberck was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • Oct 28
Now 22% overvalued Over the last 90 days, the stock has fallen 5.3% to €6.40. The fair value is estimated to be €5.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 4.4% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: kr2.55 (vs kr2.17 in 3Q 2023) Third quarter 2024 results: EPS: kr2.55 (up from kr2.17 in 3Q 2023). Revenue: kr15.7b (up 3.7% from 3Q 2023). Net income: kr732.0m (up 18% from 3Q 2023). Profit margin: 4.7% (up from 4.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year and the company’s share price has also fallen by 16% per year. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: kr2.07 (vs kr4.14 in 2Q 2023) Second quarter 2024 results: EPS: kr2.07 (down from kr4.14 in 2Q 2023). Revenue: kr16.9b (up 5.2% from 2Q 2023). Net income: kr596.0m (down 50% from 2Q 2023). Profit margin: 3.5% (down from 7.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Announcement • May 08
Peab AB (Publ) Approves Dividend, Payable on May 14, 2024 Peab AB (publ) held its Annual General Meeting on May 6, 2024, Annual General Meeting decided according to the Board of Directors' proposal on a dividend of SEK 1.50 per share for the financial year. May 8, 2024 was adopted as the record date for dividend distribution. The dividend will be distributed from Euroclear Sweden AB on May 14, 2024. Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr11.5b (down 12% from 1Q 2023). Net loss: kr57.0m (loss widened 63% from 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Construction industry in Europe. Upcoming Dividend • Apr 30
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 14 May 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.9%). Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: kr6.92 (vs kr6.27 in FY 2022) Full year 2023 results: EPS: kr6.92 (up from kr6.27 in FY 2022). Revenue: kr61.6b (flat on FY 2022). Net income: kr1.99b (up 8.5% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 20% per year. Buy Or Sell Opportunity • Mar 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to €5.22. The fair value is estimated to be €4.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are also forecast to decline by 4.0% per annum over the same time period. Declared Dividend • Feb 12
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 7th May 2024 Payment date: 14th May 2024 Dividend yield will be 32%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: kr6.92 (vs kr6.27 in FY 2022) Full year 2023 results: EPS: kr6.92 (up from kr6.27 in FY 2022). Revenue: kr61.6b (flat on FY 2022). Net income: kr1.99b (up 8.5% from FY 2022). Profit margin: 3.2% (up from 3.0% in FY 2022). Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Jan 19
Peab AB (publ) Proposes Dividend for the Year 2023 Peab AB (publ) intended to propose that the Annual General Meeting resolves on a distribution of a dividend of SEK 1.50 per share for the year 2023. Announcement • Dec 07
URBZ Capital. agreed to acquire 23,900 square metres logistics projects in Stockholm South, Almnäs, Södertälje from Peab AB. URBZ Capital. agreed to acquire 23,900 square metres logistics projects in Stockholm South, Almnäs, Södertälje from Peab AB on December 6, 2023. The two logistics facilities are 23,900 m2 in total and production started in the third quarter 2023. They will be delivered in the fourth quarter 2024 when they have been completed Announcement • Nov 02
Peab AB (Publ) Announces Board Appointments Peab AB (publ) announced members of the nomination committee for the company's Annual General Meeting 2024 have now been appointed. The nomination committee will therefore consist of the following members: Anders Sundström, Ekhaga Utveckling AB; Ulf Liljedahl, AB Axel Granlund; Christer Sterndahlen, Cicero Fonder; Anders Runevad, Chairman of the Board of Peab AB. Reported Earnings • Oct 28
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr15.2b (down 6.4% from 3Q 2022). Net income: kr623.0m (down 12% from 3Q 2022). Profit margin: 4.1% (down from 4.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 6.5%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Jul 15
Peab AB (publ) to Report Fiscal Year 2023 Results on Feb 02, 2024 Peab AB (publ) announced that they will report fiscal year 2023 results on Feb 02, 2024 Reported Earnings • Jul 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: kr16.1b (down 2.2% from 2Q 2022). Net income: kr1.19b (up 101% from 2Q 2022). Profit margin: 7.4% (up from 3.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Construction industry in Germany are expected to grow by 2.3%. Buying Opportunity • Jul 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €4.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to decline by 3.9% in 2 years. Earnings is forecast to grow by 0.3% in the next 2 years. New Risk • Jul 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Buying Opportunity • May 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €5.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to decline by 2.2% in 2 years. Earnings is forecast to grow by 2.9% in the next 2 years. Recent Insider Transactions • May 18
Chief Financial Officer recently bought €50k worth of stock On the 16th of May, Niclas Winkvist bought around 12k shares on-market at roughly €4.26 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Niclas has been a buyer over the last 12 months, purchasing a net total of €217k worth in shares. Announcement • May 06
Peab AB (Publ) Approves the Proposal of A Dividend for the Financial Year of 2022 Peab AB (publ) approved the Board's proposal of a dividend for the financial year of 2022 of SEK 4.00 per share. May 8, 2023 was adopted as the record date for dividend distribution. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr13.0b (up 6.9% from 1Q 2022). Net loss: kr35.0m (loss widened 25% from 1Q 2022). Upcoming Dividend • Apr 28
Upcoming dividend of kr4.00 per share at 7.4% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.9%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: kr61.9b (up 5.1% from FY 2021). Net income: kr1.83b (down 23% from FY 2021). Profit margin: 3.0% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €5.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is forecast to grow by 1.7% per annum over the same time period. Recent Insider Transactions • Feb 10
CEO & President recently bought €99k worth of stock On the 3rd of February, Jesper Göransson bought around 18k shares on-market at roughly €5.61 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr6.27 (vs kr8.06 in FY 2021) Full year 2022 results: EPS: kr6.27 (down from kr8.06 in FY 2021). Revenue: kr61.9b (up 5.1% from FY 2021). Net income: kr1.83b (down 23% from FY 2021). Profit margin: 3.0% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Feb 04
Peab AB (Publ) Proposes Dividend for the Year 2022 The board of Peab AB (publ) proposed dividend of SEK 4.00 per share (SEK 5.00 per share) for the financial year 2022. Announcement • Dec 07
Peab AB Appoints the Nomination Committee for Annual General Meeting 2023 Peab AB announced that Members of the Nomination Committee for Annual General Meeting 2023 have now been appointed. According to the Principles for the Nomination Committee's appointment and instructions for the Nomination Committee in Peab AB (publ), adopted by the Annual General Meeting 2022, the Nomination Committee will consist of four members - a representative for each of the three largest shareholders per the final banking day in September 2022 that want to appoint a member of the Nomination Committee as well as the Chairman of the Board. If one or more of the three largest shareholders decline to appoint a member of the Nomination Committee the Chairman of the Board will offer other major shareholders the opportunity to appoint a member of the Nomination Committee. If such an offer is made it must be given according to the order of the largest shareholders (i.e. first to the fourth largest shareholder, then to the fifth largest shareholder and so on.) This process will be continued until the Nomination Committee consists of four members including the Chairman of the Board. Mats Paulsson, Peabs Vinstandelsstiftelse and Familjen Kamprads stiftelse have given notice that they do not wish to participate in the Nomination Committee. State Street Bank and Trust Co, W9 have not replied to the request. The Nomination Committee will therefore consist of the following members: Anders Sundström, Ekhaga Utveckling AB Ulf Liljedahl, AB Axel Granlund Suzanne Sandler, Handelsbanken Fonder, Anders Runevad, Chairman of the Board of Peab AB. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: kr16.2b (up 4.6% from 3Q 2021). Net income: kr711.0m (down 8.8% from 3Q 2021). Profit margin: 4.4% (down from 5.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Construction industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Peab AB (publ), Annual General Meeting, May 04, 2023 Peab AB (publ), Annual General Meeting, May 04, 2023. Reported Earnings • Jul 17
Second quarter 2022 earnings released: EPS: kr2.00 (vs kr1.95 in 2Q 2021) Second quarter 2022 results: EPS: kr2.00 (up from kr1.95 in 2Q 2021). Revenue: kr16.5b (up 11% from 2Q 2021). Net income: kr590.0m (up 2.6% from 2Q 2021). Profit margin: 3.6% (down from 3.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jul 07
Peab AB (publ) Builds Apartment Building in Espoo Peab AB (publ) has been commissioned to build an apartment building with 15 floors in Espoo. The customer is NREP and the contract is worth EUR 46 million. The property will be built according to the concept "Noli Studios" which is a flexible residence with amenities similar to a hotel. The concept will be the first of its kind in Espoo with 400 apartments on 15 floors. In addition, there will be communal facilities like a gym and sauna along with meeting places as well as commercial premises for a K-market grocery store. Environmental and climate priorities permeate the project. The building will be heated by a geothermal energy system that makes use of surplus energy and solar power and parking spaces will have charging posts for electric cars. The apartment building will also be LEED certified. The project is a turnkey contract that is expected to be completed by the end of 2023. The project will be order registered in the third quarter 2022. Recent Insider Transactions • May 17
Director recently bought €280k worth of stock On the 12th of May, Fredrik Paulsson bought around 41k shares on-market at roughly €6.83 per share. In the last 3 months, there was an even bigger purchase from another insider worth €381k. Despite this recent purchase, insiders have collectively sold €3.2m more in shares than they bought in the last 12 months. Recent Insider Transactions • May 11
CEO & President recently bought €291k worth of stock On the 6th of May, Jesper Göransson bought around 41k shares on-market at roughly €7.12 per share. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of €778k worth in shares. Reported Earnings • May 09
First quarter 2022 earnings released: kr0.095 loss per share (vs kr0.34 loss in 1Q 2021) First quarter 2022 results: kr0.095 loss per share (up from kr0.34 loss in 1Q 2021). Revenue: kr12.1b (up 9.1% from 1Q 2021). Net loss: kr28.0m (loss narrowed 72% from 1Q 2021). Over the next year, revenue is forecast to grow 4.1%, compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • May 06
Peab AB (publ) Approves Dividend for the Financial Year of 2021 Peab AB (publ) at its Annual General Meeting held on May 5, 2022 approved the board's proposal of a dividend for the financial year of 2021 of SEK 5.00 per share. May 9, 2022 was adopted as the record date for dividend distribution. Upcoming Dividend • Apr 29
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 62% and the cash payout ratio is 76%. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.0%). Higher than average of industry peers (3.7%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Malin Persson was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: kr8.06 (vs kr10.79 in FY 2020) Full year 2021 results: EPS: kr8.06 (down from kr10.79 in FY 2020). Revenue: kr58.9b (down 1.6% from FY 2020). Net income: kr2.38b (down 25% from FY 2020). Profit margin: 4.0% (down from 5.3% in FY 2020). Over the next year, revenue is forecast to grow 5.7%, compared to a 5.8% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 15% share price gain to €8.82, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Construction industry in Europe. Total loss to shareholders of 12% over the past year. Recent Insider Transactions • Feb 08
CEO & President recently bought €437k worth of stock On the 7th of February, Jesper Göransson bought around 41k shares on-market at roughly €10.68 per share. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of €846k worth in shares. Reported Earnings • Feb 05
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr8.06 (down from kr10.79 in FY 2020). Revenue: kr58.9b (down 1.6% from FY 2020). Net income: kr2.38b (down 25% from FY 2020). Profit margin: 4.0% (down from 5.3% in FY 2020). Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 5.5%, compared to a 9.9% growth forecast for the industry in Germany. Announcement • Feb 05
Peab AB (publ) to Report Fiscal Year 2022 Results on Feb 03, 2023 Peab AB (publ) announced that they will report fiscal year 2022 results on Feb 03, 2023 Announcement • Feb 04
Peab AB (Publ) Proposes Dividend for the Year 2021 Peab AB (publ) announced a the board proposed a dividend of SEK 5.00 per share against SEL 4.50 per share paid a year ago. Announcement • Dec 17
Peab AB (publ) (OM:PEAB B) signed a contract to acquire Corem from Mall Knallerian in Borås for SEK 110 million. Peab AB (publ) (OM:PEAB B) signed a contract to acquire Corem from Mall Knallerian in Borås for SEK 110 million on December 16, 2021. Peab will continue to run the mall parallel with developing the area. Takeover and payment is expected to take place on February 1, 2022. Recent Insider Transactions • Oct 29
Chief Financial Officer recently bought €70k worth of stock On the 27th of October, Niclas Winkvist bought around 7k shares on-market at roughly €10.09 per share. This was the largest purchase by an insider in the last 3 months. Niclas has been a buyer over the last 12 months, purchasing a net total of €317k worth in shares. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS kr2.64 (vs kr2.85 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr15.5b (down 4.4% from 3Q 2020). Net income: kr780.0m (down 7.1% from 3Q 2020). Profit margin: 5.0% (down from 5.2% in 3Q 2020). The decrease in margin was driven by lower revenue. Recent Insider Transactions • Jul 20
CEO & President recently bought €50k worth of stock On the 16th of July, Jesper Göransson bought around 5k shares on-market at roughly €10.09 per share. In the last 3 months, they made an even bigger purchase worth €121k. Jesper has been a buyer over the last 12 months, purchasing a net total of €409k worth in shares. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS kr1.95 (vs kr1.84 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: kr14.8b (down 6.2% from 2Q 2020). Net income: kr575.0m (up 5.9% from 2Q 2020). Profit margin: 3.9% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Executive Departure • May 12
Independent Chairman of the Board Goran Grosskopf has left the company On the 6th of May, Goran Grosskopf's tenure as Independent Chairman of the Board ended after 15.7 years in the role. As of December 2020, Goran personally held 1.28m shares (€11m worth at the time). Goran is the only executive to leave the company over the last 12 months. Recent Insider Transactions • May 09
CEO & President recently bought €121k worth of stock On the 7th of May, Jesper Göransson bought around 10k shares on-market at roughly €11.78 per share. In the last 3 months, they made an even bigger purchase worth €237k. Jesper has been a buyer over the last 12 months, purchasing a net total of €358k worth in shares. Announcement • May 07
Peab AB (publ) Approves Dividend for the Financial Year of 2020 The AGM of Peab AB (publ) approved the Board's proposal of a dividend for the financial year of 2020 of SEK 4.50 per share. May 10, 2021 was adopted as the record date for dividend distribution. Reported Earnings • May 07
First quarter 2021 earnings released: kr0.34 loss per share (vs kr0.23 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr11.1b (down 6.3% from 1Q 2020). Net loss: kr99.0m (down 244% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 30
Upcoming dividend of kr4.50 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 14 May 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 09
Full year 2020 earnings released: EPS kr10.79 (vs kr9.00 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr59.9b (up 6.3% from FY 2019). Net income: kr3.18b (up 20% from FY 2019). Profit margin: 5.3% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Peab Builds High School in Enköping Peab has been commissioned to build the new Westerlundska High School in Enköping. The school will be completed in May 2024 and the contract is worth SEK 405 million. The customer is Enköping Municipality. The new school will have room for 1,600 students and 200 teachers and other personnel. The school will be three stories in three buildings where common functions like the entrance hall, reception, aula, library and cafeteria will be concentrated to one of the buildings. The other buildings are designated quieter study environments. Two green inner courtyards with different designs will link the buildings together. The school will be thoroughly characterized by natural and robust material with a timber frame and a brick facade. The beams and pillars of the timber frame will be highlighted in the interior of the school and supplemented with a color scheme on the walls and floors that follows Enköping Municipality's guidelines for educational environments. The entire project will be permeated with sustainability. Announcement • Mar 06
Peab Commissions to Build an Office Building for Niam Oy on the Life Science Center Block in Keilaniemi in Espoo Peab has been commissioned to build an office building for Niam Oy on the Life Science Center block in Keilaniemi in Espoo. The contract is worth EUR 20 million. The project comprises the seven story office building LSC 1. The new site with its new building will form a new main entrance to the block since it will be connected to the five existing LSC office buildings and the parking garage. The ground floor will contain a lobby, café, offices and technique rooms. The lobby on the first floor will continue up to the second floor where there will be a reception and conference rooms. Floors 3 to 7 will be offices. The entire building will be 9,400 m2. The project is a turnkey contract. Construction will begin in March 2021 and occupation is expected to take place in March 2023. The project will be order registered in the first quarter 2021. Announcement • Mar 05
Peab AB (Publ) to Build New Prison Buildings in Skänninge Peab AB (publ) has been commissioned to build new prison buildings in Skänninge, just outside Mjölby. The customer is Specialfastigheter Sverige AB and The Prison and Probation Service will be the tenant. The project is a traditional contract worth SEK 212 million. The two new buildings will hold living quarters with a total of 96 places as well as rooms for operations and studies. The non-residential area amounts to around 4,000 m2 per building. The buildings will be erected in the existing prison area and will be built according to the criteria for Miljöbyggnad, level Gold. Is New 90 Day High Low • Mar 03
New 90-day high: €10.05 The company is up 12% from its price of €8.94 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.86 per share. Recent Insider Transactions • Feb 13
CEO & President recently bought €237k worth of stock On the 10th of February, Jesper Göransson bought around 24k shares on-market at roughly €9.83 per share. This was the largest purchase by an insider in the last 3 months. Jesper has been a buyer over the last 12 months, purchasing a net total of €438k worth in shares. Reported Earnings • Feb 07
Full year 2020 earnings released: EPS kr10.79 (vs kr7.09 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr59.9b (up 11% from FY 2019). Net income: kr3.18b (up 52% from FY 2019). Profit margin: 5.3% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 0.09%. Over the next year, revenue is expected to shrink by 5.4% compared to a 6.0% growth forecast for the Construction industry in Germany. Is New 90 Day High Low • Feb 06
New 90-day high: €9.90 The company is up 17% from its price of €8.48 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.83 per share. Announcement • Feb 03
Peab AB (Publ) Announces Executive Changes The Nomation n Committee of Peab AB proposes the reelection of Board meers Fredrik Paulsson, Malin Persson, Karl-Axelel Granlund, Liselott Kilaas, Lars Sköld, Kerstin Lindell and Anders Runevad as well as election of Magdalena Gerger. Mats Paulsson and Göran Grosskopf have both declined reelection for age reasons. Anders Runevad is proposed to be elected Chairman of the Board. Anders Runevad, who has extensive experience from leading positions in, among other areas, telecom and wind power, was elected to the Board by the 2020 AGM. Magdalena Gerger is currently the President and CEO of Systembolaget. Magdalena has extensive international experience in, among other areas, industry and retail. Mats Paulsson, one of Peab's founders, leaves the Board after having been part of the company since its start in 1959. The Board has decided to name Mats Paulsson honorary chairman in connection with him leaving the Board as of the AGM. In the role of honorary chairman Mats will not be a member of the Board but in this role he can continue to support Peab's Board and management informally. Announcement • Jan 19
Peab Builds Offices in Malmö Peab has been commissioned to build an office building in Hyllie, Malmö. The customer is Wihlborgs Pulpeten 5 AB and the contract is worth SEK 365 million. The project is a turnkey contract in partnership. Construction is planned to start in the spring of 2021 and is expected to be completed in the spring of 2023. The project will be order registered in the first quarter 2021. Is New 90 Day High Low • Jan 19
New 90-day high: €9.78 The company is up 16% from its price of €8.45 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.38 per share. Announcement • Jan 08
Peab Builds Apartments and Retail Space in Visby Peab has been commissioned to build 60 apartments and two stores in southern Visby on Gotland. The customer is BRF Ordboken and the contract is worth SEK 106 million. BRF Ordboken is a new residential block that consists of three separate buildings where all the apartments have big balconies and terraces. The buildings will have plastered facades with staircase walls in cement. One of the buildings will have two stores on the ground floor. The residential environment will be modern and the block will have a courtyard with green oases and a pool for association members. The project is a turnkey contract. Construction will start in January 2021 and occupation is planned for the end of 2022. The project was order registered in the fourth quarter 2020. Announcement • Jan 05
Peab Builds Tenancy Apartments in Tikkurila Peab AB (publ) announced that it has been commissioned to build three high-rises in Tikkurila in Vantaa City. The customer is the state tenancy apartment procurer A-Kruunu Oy and the contract is worth EUR 17 million. The project entails building three high-rises with a total of 129 apartments and basement parking spaces. The high-rises will be built close to the center of Tikkurila and the train station. The project is a turnkey contract. Construction will begin in February 2021 and is expected to be completed in November 2022. The project was order registered in the fourth quarter of 2020. Announcement • Dec 25
Peab Builds New Bridge over Tärendo River Peab has been commissioned to build a new bridge over Tärendo River in Norrbotten. The customer is the Swedish Transport Administration and the contract is worth SEK 111 million. The new bridge over Tärendo River will be 152 meters long and constructed out of both steel and concrete with support anchored in the river. It will be eight meters wide and have a higher carrying capacity than the existing bridge. This means that the current traffic light will be removed and it will become possible for all kinds of vehicles to pass each other. The project also includes building new connecting roads to the bridge and widening and strengthening the existing stretch of road. All in all the project comprises more than four kilometers of roadway. During construction the old bridge will be open for traffic. When the new bridge is ready the old one will be torn down, which is also part of the project. The construction contract is part of the Swedish Transport Administration's project Ore Transportation Kaunisvaara-Svappavaara and consists of several stages. Because of mining in the area heavy trucks have increased on the stretch Kaunisvaara-Svappavaara and the carrying capacity and standard of the existing roads are not high enough to handle the heavy transportation. The roads are being rebuilt for better traffic safety and passability.
The project is a turnkey contract. Construction will begin in February 2021 and is expected to be completed in the summer of 2023.
The project will be order registered in the fourth quarter 2020. Announcement • Dec 23
Fortinova Fastigheter AB (Publ) (OM:FNOVA B) signed a contract to acquire Project Traversen in Trollhättan from Peab AB (publ) (OM:PEAB B) for SEK 93.5 million. Fortinova Fastigheter AB (Publ) (OM:FNOVA B) signed a contract to acquire Project Traversen in Trollhättan from Peab AB (publ) (OM:PEAB B) for SEK 93.5 million on December 21, 2020. In a related transaction, Peab AB agreed to sell Project Flottiljen in Botkyrka to Niam, Project Poseidon in Västerås and Fristaden in Eskilstuna to Podium Fastigheter AB. The combined deal value of the transaction is approximately SEK 820 million. All the tenancy projects will be on Peab’s own balance sheet under construction and will be recognized in profit/loss when turned over in 2023.