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PEAB B Peab AB News Story

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Peab's Q4 net sales rise, announces dividend

Overview

Sweden construction firm's Q4 net sales grew to SEK 17,125 mln

Operating margin for Q4 fell to 5.8% from 7.5%

Company proposes dividend increase to SEK 3.30 per share

Outlook

Peab enters the new year with a stable order situation and strong financial position

Result Drivers

CONSTRUCTION CONTRACTS - Growth in construction contract operations contributed to increased net sales, per CEO Jesper Göransson

SWEROCK/ASPHALTS - Strong development in Swerock/Asphalts segment supported operating margin, according to CEO Jesper Göransson

ORDERS RECEIVED - Orders received rose to SEK 14,947 mln from SEK 12,052 mln, indicating a stable order situation

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesSEK 17.13 bln
Q4 EBITSEK 996 mln
Q4 EBIT Margin5.80%
Q4 OrdersSEK 14.95 bln
Q4 Pretax ProfitSEK 934 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the construction & engineering peer group is "buy" Wall Street's median 12-month price target for Peab AB is SEK85.00, about 5.6% below its February 3 closing price of SEK90.00 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nWkr1pc6KJ For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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