Declared Dividend • Jun 05
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 3.7%, which is about the same as the industry average. 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 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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 3.8%, which is about the same as the industry average. 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. 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. Declared Dividend • Feb 07
Dividend reduced to kr1.50 Dividend of kr1.50 is 63% lower than last year. Ex-date: 7th May 2024 Payment date: 14th May 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.6%. 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. Recent Insider Transactions • Feb 04
Insider recently bought kr837k worth of stock On the 2nd of February, Stefan Danielsson bought around 16k shares on-market at roughly kr52.99 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.0m more in shares than they have sold in the last 12 months. 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 the United Kingdom are expected to grow by 2.6%. 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 21% 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 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: kr2.17 (vs kr2.44 in 3Q 2022) Third quarter 2023 results: EPS: kr2.17 (down from kr2.44 in 3Q 2022). 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 1.7% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. 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 • Jul 15
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 the United Kingdom are expected to grow by 3.1%. 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 New Risk • Jul 08
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). Shares are highly illiquid. 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. Recent Insider Transactions • May 19
Chief Financial Officer recently bought kr569k worth of stock On the 16th of May, Niclas Winkvist bought around 12k shares on-market at roughly kr48.19 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 kr2.4m 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. 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 British dividend payers (5.8%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 07
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 2.9% growth forecast for the Construction industry in the United Kingdom. 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 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 10
CEO & President recently bought kr1.1m worth of stock On the 3rd of February, Jesper Göransson bought around 18k shares on-market at roughly kr63.92 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 kr11m 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 3.8% growth forecast for the Construction industry in the United Kingdom. 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 12% 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. Recent Insider Transactions • Jan 01
Independent Director recently bought kr117k worth of stock On the 29th of December, Karl-Axel Granlund bought around 2k shares on-market at roughly kr58.70 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr42m more in shares than they have sold in the last 12 months. 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 forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to remain flat. 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 11% per year, which means it is significantly lagging earnings. Board Change • Aug 24
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. Recent Insider Transactions • Jul 22
Chief Financial Officer recently bought kr311k worth of stock On the 15th of July, Niclas Winkvist bought around 5k shares on-market at roughly kr62.15 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr4.0m. Niclas has been a buyer over the last 12 months, purchasing a net total of kr5.9m worth in shares. 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 5.9% growth forecast for the industry in the United Kingdom. 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 9% per year, which means it is significantly lagging earnings. Board Change • Jul 15
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. Board Change • Jun 16
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. Board Change • Mar 16
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. 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 Board Change • Jan 03
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. Board Change • Dec 14
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. Board Change • Nov 11
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. Board Change • Sep 04
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. Board Change • Jul 30
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. Recent Insider Transactions • Jul 20
CEO & President recently bought kr517k worth of stock On the 16th of July, Jesper Göransson bought around 5k shares on-market at roughly kr103 per share. In the last 3 months, they made an even bigger purchase worth kr1.2m. Jesper has been a buyer over the last 12 months, purchasing a net total of kr4.1m 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 but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. 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 (kr115m 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 kr1.2m worth of stock On the 7th of May, Jesper Göransson bought around 10k shares on-market at roughly kr119 per share. In the last 3 months, they made an even bigger purchase worth kr2.4m. Jesper has been a buyer over the last 12 months, purchasing a net total of kr3.6m worth in shares. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 08
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 13% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: kr104 The company is up 11% from its price of kr93.70 on 03 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr70.82 per share. Recent Insider Transactions • Feb 12
CEO & President recently bought kr2.4m worth of stock On the 10th of February, Jesper Göransson bought around 24k shares on-market at roughly kr99.13 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 kr4.5m 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 37% growth forecast for the Construction industry in the United Kingdom. Is New 90 Day High Low • Feb 05
New 90-day high: kr101 The company is up 14% from its price of kr88.23 on 06 November 2020. The British market is up 12% 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 kr68.85 per share. Is New 90 Day High Low • Jan 19
New 90-day high: kr99.55 The company is up 12% from its price of kr88.85 on 21 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr64.90 per share. Announcement • Oct 01
Peab to Build A New Production Line for Treating Raw Water At the Vomb Plant in Skåne Peab has been commissioned to build a new production line for treating raw water at the Vomb Plant in Skåne. The customer is Sydvatten AB and the contract is worth SEK 150 million. The project includes building a new process building with a production line for clean and fresh drinking water. This is done through artificial filtration that follows the same principle as the natural process where rainwater slowly passes through different layers of sand and gravel in the earth to eventually become ground water. The new line raises production capacity at the Vomb Plant and supplements the other three production lines ensuring the supply of high quality drinking water to municipalities and their future needs. The project also includes the accompanying groundwork and outer water and sewage pipes. The Vomb Plant currently produces around 1,000 liters of water per second and delivers fresh drinking water to Burlöv, Malmö, Staffanstorp, Svedala, Vellinge and parts of Lund and Eslöv. The project is a turnkey contract. Construction will start in October 2020 and is expected to be completed at the end of 2022. The project will be order registered in the third quarter of 2020. Announcement • Sep 26
Peab Builds New Main Street in Lørenskog Peab has been commissioned to build a new main street in Skårersletta in Lørenskog outside Oslo. The customer is Lørenskog Municipality and the contract is worth NOK 428 million. The new and modern main street will have broad sidewalks. There will be a raised bicycle lane on each side of the road, separated from driving lanes by the sidewalk curbs. The project is complex including a lot of heavy technology such as a district heating facility, street heating, waste suction and water, sewage and surface water solutions along with sheet metal and electricity work. Peab and the customer have collaborated since the autumn of 2019 on the design and scope of the project. The project is a turnkey contract. Construction is planned to start in January 2021 and completed in the spring/summer of 2023. The project will be order registered in the third quarter 2020. Announcement • Sep 09
An undisclosed buyer acquired 50% stake in Nya Bara Utvecklings Ab from Peab AB (publ) (OM:PEAB B). An undisclosed buyer acquired 50% stake in Nya Bara Utvecklings Ab from Peab AB (publ) (OM:PEAB B) on September 8, 2020.
An undisclosed buyer completed the acquisition of 50% stake in Nya Bara Utvecklings Ab from Peab AB (publ) (OM:PEAB B) on September 8, 2020. Announcement • Sep 02
The local government city councils of Sweden acquired Ängelholm Helsingborg Airport from Peab AB (publ) (OM:PEAB B). The local government city councils of Sweden acquired Ängelholm Helsingborg Airport from Peab AB (publ) (OM:PEAB B) on September 1, 2020. The transaction does not entail any further effects on profit.
The local government city councils of Sweden completed the acquisition of Ängelholm Helsingborg Airport from Peab AB (publ) (OM:PEAB B) on September 1, 2020. Announcement • Jul 31
Peab AB (publ) (OM:PEAB B) signed an agreement to acquire Nordic paving and mineral aggregates business of YIT Oyj (HLSE:YIT). Peab AB (publ) (OM:PEAB B) signed an agreement to acquire Nordic paving and mineral aggregates business of YIT Oyj (HLSE:YIT) for €280 million on July 4, 2019. The debt-free purchase price is €280 million, in addition to which net debt related to IFRS 16 lease liabilities will be reduced by approximately €25 million. The purchase price shall be adjusted at the time of completing the transaction and it shall be paid fully in cash in connection with the completion of the transaction. The transaction is a combination of an asset deal and a share purchase. The transaction comprises the operations of the company’s Paving segment with the exclusion of the road maintenance business in Finland and paving business in Russia. The personnel working in businesses will be transferred to Peab as part of the transaction. In connection with transaction, YIT will classify the operations that are part of the transaction as held-for-sale assets and will report them as discontinued operations. In segment reporting, YIT will report only continuing operations, which means that the Paving segment will no longer be reported. YIT’s paving operations will continue their business normally as part of YIT until the end of year 2019, when the terms and conditions of the transaction are expected to be fulfilled. The acquisition entails taking over some 200 strategically located quarries along with 63 production asphalt plants in the Nordic region. The purchase price is fully financed.
The acquired business had net sales of SEK 6,005 million (€570 million) with an adjusted EBITDA of SEK 240 million (€22.8 million) in 2018. The acquisition also entails taking over some 1700 employees.
The transaction is conditional on approval from competition authorities including European competition authority as well as the fulfillment of certain contractual conditions. Deal is subject to certain other customary terms and conditions. As of March 27, 2020, the transaction has been approved by The European Commission. The takeover is expected to occur on January 1, 2020. As of March 27, 2020, the transaction is expected to close on April 1, 2020. Access Partners Oy acted as financial advisor, Hannes Snellman Attorneys Ltd. acted as legal advisor and PricewaterhouseCoopers Oy acted as accountant for YIT.
Peab AB (publ) (OM:PEAB B) signed an agreement to acquire Nordic paving and mineral aggregates business of YIT Oyj (HLSE:YIT) on April 1, 2020. 
