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Peab (PEAB) investor relations material
Peab Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Stable market outlook in the Nordic construction and civil engineering sectors, with strong performance in contracting and Swerock/Asphalt operations.
Net sales for 2025 were SEK 58,589 million, nearly unchanged year-over-year, with a stable order backlog and strong cash flow before financing.
Operating profit declined to SEK 2,626 million from SEK 2,763 million, with an operating margin of 4.5% versus 4.7% last year.
The Board proposes a dividend of SEK 3.30 per share, representing 70% of profit for the year, exceeding the target of 50%, to be paid in two installments.
Net debt decreased significantly to SEK 6,400 million, and the net debt/equity ratio improved to 0.4.
Financial highlights
Q4 2025 net sales rose 2% to SEK 17,125 million; operating profit fell to SEK 996 million from SEK 1,255 million, with a margin of 5.8% (7.5%).
Full-year pre-tax profit was SEK 1,674 million, down from SEK 2,425 million, impacted by a SEK -611 million settlement related to Mall of Scandinavia.
Earnings per share for 2025 were SEK 4.66 (7.25); return on equity was 8.3% (13.3%).
Cash flow before financing improved to SEK 4,119 million (2,601); net debt reduced by SEK 2.7 billion year-over-year.
Lower net debt at year-end, with net debt/equity ratio within the target range of 0.3–0.7.
Outlook and guidance
The Nordic construction and civil engineering markets are expected to grow in 2026, supported by government infrastructure investments and a stabilizing housing market.
Housing investments expected to increase from a low level in the coming years across Sweden, Norway, and Finland.
Civil engineering investments to remain at a high level, with stable total construction and civil engineering investments in the Nordic market.
Lower interest rates and regulatory easing are anticipated to support housing demand, though regional differences persist.
The company is well-positioned to capitalize on public sector and infrastructure opportunities.
- TimeTickerHeadlineOpen
- SF
Margins expanded to 27% despite revenue decline and large non-cash impairments. - IFX
Q1 FY26 revenue up 7% YoY to €3.66bn, led by AI and automotive, with key acquisition and investments. - WRT1V
All-time high profit and cash flow, with robust Marine and Energy growth and major investments. - CB
Record net income and strong underwriting drive robust growth, with positive 2026 outlook. - BERG
EBITA and margins rose 12% with 4% organic growth, supported by acquisitions and efficiency. - APOTEA
Full-year revenue up 10.1%, but Q4 margin dropped to 1.3% on higher costs. - V2RETAIL
Q3 and 9M FY26 saw strong revenue and profit growth, aided by expansion and lease gains. - SECU
8% margin reached, 4% organic growth, and digital risk intelligence expansion underway. - PMTS
Q2 net sales up 3–3.4%, profits down on higher SG&A, outlook raised, debt refinanced. - 532313
Q1 FY25 delivered strong sales, improved leverage, and a rebound in consolidated net profit.
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