Peab (PEAB) Q3 2026 earnings summary

Executive summary

• Q3 segment net sales rose 4% YoY to SEK 16,304m; operating profit reached SEK 1,296m and margin improved to 7.9% from 7.4%.

• All four business areas improved Q3 operating profit and margin YoY; 9M segment sales were SEK 43,853m and operating profit SEK 2,065m.

• Strong Q3 cash flow reduced segment net debt to SEK 7,212m; the order backlog reached SEK 52,439m at September 30.

Financial highlights

• Q3 pre-tax profit was SEK 1,226m (SEK 1,067m), period profit SEK 1,024m (SEK 865m) and EPS SEK 3.67 (SEK 3.01), segment basis.

• IFRS 9M net sales were SEK 43,287m, operating profit SEK 1,934m, pre-tax profit SEK 1,679m, period profit SEK 1,386m and diluted EPS SEK 4.93.

• 9M net sales grew 7% adjusted for divestments and FX; the K Nordang sale generated a SEK 114m capital gain and a SEK 90m net impact versus the comparable period.

• Q3 orders received were MSEK 9.4bn versus MSEK 10.2bn; backlog was SEK 52,439m, with SEK 20bn in preliminary contracts.

Outlook and guidance

• Nordic construction and civil engineering demand remained good overall; housing and commercial offices were weaker, with Swedish housing recovering gradually and Norway and Finland slower to recover.

• Housing investment was expected to increase from low levels, while civil engineering investment was expected to remain high; public-sector and industry investment supported premise construction.

• SEK 20bn of preliminary Construction and Civil Engineering contracts could convert to orders over the next two years.

• Seasonal conditions typically weaken Industry and Civil Engineering in winter; Q1 is usually the weakest quarter.