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    PEAB B   SE0000106205

PEAB AB (PUBL)

(PEAB B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/25 03:21:50 am
102.4 SEK   +1.09%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Peab builds apartments in Horten

11/26/2021 | 02:01am EST

Peab has been commissioned to build the housing project Bankløkka in Indre Havn in Horten. The developer and general contractor is Conceptor Bolig AS and the contract is worth NOK 180 million.

In 2020 Peab delivered the first 51 apartments in Horten Havneby. Bankløkka is the second phase of the project and consists of 61 apartments and a 123 m2 townhouse.

"We appreciate Conceptor Bolig's renewed trust in us. As a community builder, being an important actor in the transformation of Indre Havn from a worn down commercial area to a modern, attractive residential neighborhood means a lot to us," says Terje Kaasa Larsen, Region Manager Peab.

Bankløkka has been developed through a collaboration between Conceptor Bolig and Peab using our experience from Horten Havneby. The environment and climate have had a prominent place in project planning and the project will, for example, be connected to district heating from Skagerak Varme.

"We worked very well together with Peab in the first stage of construction which is why it was natural to continue our collaboration in the next phase. On top of that, Horten Havneby has been widely praised," says Frank Johannessen, Project Manager for Horten Havneby at Conceptor Bolig AS.

The project is planned to start in March 2022 and is expected to be ready for takeover two years later.

The project will be order registered in the fourth quarter 2021.

Illustration: Børve Borchsenius Arkitekter AS

For further information, please contact:

Terje Kaasa Larsen, Region Manager Peab, +47 916 93 129

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45

Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 58 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it's lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.

https://news.cision.com/peab/r/peab-builds-apartments-in-horten,c3461140

https://mb.cision.com/Main/424/3461140/1501926.pdf

https://news.cision.com/peab/i/horten-havneby---illustrasjon,c2985096

https://news.cision.com/peab/i/terje-kaasa-larsen--regionchef-peab,c2985097

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 57 910 M 6 235 M 6 235 M
Net income 2021 2 096 M 226 M 226 M
Net Debt 2021 6 136 M 661 M 661 M
P/E ratio 2021 14,3x
Yield 2021 4,59%
Capitalization 29 884 M 3 212 M 3 218 M
EV / Sales 2021 0,62x
EV / Sales 2022 0,58x
Nbr of Employees 15 648
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Number of Analysts 2
Last Close Price 101,30 SEK
Average target price 120,00 SEK
Spread / Average Target 18,5%
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Managers and Directors
Jesper Göransson President & Chief Executive Officer
Niklas Tom Winkvist Chief Financial Officer
Anders Erik Runevad Chairman
Roger Linner Chief Operating Officer
Henrik Viberg Jönsson Head-Finance & Investments