FÖRSLÖV, Sweden--(BUSINESS WIRE)--Regulatory News:
Peab's (STO:PEABB) results for 2010 means that it once again becomes the maximum outcome, ie SEK 100 million in Peab's profit-sharing plans. The Foundation's endowment is, according to the foundation's investment policy, mainly invested in shares in Peab.
The purpose of profit-sharing is to:
Creating empowerment through employee ownership
Create better economic conditions for employees after retirement
Create better understanding of the profitability of companies
Encourage employees' interest for long-term employment in firms
- It is significant to the Group's employees benefit from the surplus of which they are involved in creating. Peab’s profit-sharing is savings that hopefully connects our people stronger to us and this is a long-term reward for good work, says Peabs CEO Mats Paulsson.
Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 9.00 a.m. on 17 February 2011.
Previous press releases from Peab are available at www.peab.com
Peab is one of the leading construction and civil engineering companies in the Nordic countries with approximately 14,000 employees and a net sale amounting to around SEK 38 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
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