FÖRSLÖV, Sweden--(BUSINESS WIRE)--Regulatory News:
Operative net sales increased by 16 percent to SEK 19,890 million (17,203)
Operative operating profit amounted to SEK 520 million (591)
Earnings per share before dilution amounted to SEK 1.06 (1.36)
Orders received during the first quarter increased by 11 percent to SEK 21,333 million (19,161). The amount of orders received during the second quarter was an all time high of SEK 11,027 million
Order backlog for Construction and Civil Engineering has grown by 9 percent to SEK 31,515 million (29,039)
Continued investments for the future
- During the first half of 2011 we have seen a high rate of production and a strong inflow of new projects. We are in a phase where we are growing rapidly both organically and through acquisitions. Growth is based on our vision to become a Nordic company. Our estimate is that the conditions in the Nordic construction market are still good. But we are aware of the turmoil around the world, so we keep a high alert for changing conditions, says Peab’s CEO and President Jan Johansson.
PeabABdiscloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 7.00 a.m. on 23 August 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 15,000 employees and a net sale amounting to around SEK 40 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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