Peab surpasses expectations

10/02/2025, 14:39

Image: Peab

Peab delivered a stellar fourth quarter that exceeded all forecasts, capping a year of impressive performance for the Swedish construction giant.

Anna Broberg

Q4 operating profit skyrocketed to 1.255 billion SEK, far outpacing the 133 million SEK from Q4 2023 and analyst estimates of 1.215 billion SEK.

Orders Up, Cash Flow Strong

Order intake hit 12.052 billion SEK in Q4, up from 10.527 billion a year ago and above the 10.887 billion SEK expected. Cash flow remained robust.

“The final quarter was very strong and showed we’ve returned to growth,” said CEO Jesper Göransson. “We reported improved profits, strong cash flow, and increased orders for both Q4 and the full year 2024.”

Full Year Strength

Civil engineering and paving operations led the way in Peab’s well-rounded full-year performance. “Peab once again demonstrated how well our four business areas complement each other,” Göransson added.

Looking ahead, Göransson sees the Nordic construction markets as relatively stable, with housing expected to rebound in 2025 as interest rate cuts take hold. Civil engineering investment is forecast to remain high.

Despite economic headwinds, Peab’s diversified model and strict cost controls position it for continued outperformance in 2025.

The translation was written by an AI system, though the original text was authored by a human. Read the original article here