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    PEAB B   SE0000106205

PEAB AB (PUBL)

(PEAB B)
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Delayed Nasdaq Stockholm  -  05/19 11:29:38 am EDT
70.75 SEK   -2.14%
12:01pPeab's Board has decided to repurchase own shares
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05/12Peab builds the block Gladan in Gällivare
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05/12Peab Builds the Block Gladan in Gällivare
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Peab builds homes in Tampere

01/12/2022 | 04:01am EDT

Peab has been commissioned to build homes in Tampere. The customer is Y-Säätiön M2-Kodit and the contract is worth over EUR 11 million.

The project entails building a five story high-rise with a total of 93 apartments, a courtyard and community space that includes a place for remote work in the city borough Hervantajärvi in Tampere.

The building will have an energy class A rating and its carbon footprint will also be reduced by solar panels on the roof, among other things.

"In Finland Peab began calculating the carbon footprint in our own projects two years ago and guarantee our buildings will have an energy class A rating. We're therefore particularly pleased to realize this modern project that takes the environment into consideration," says Matti Joensuu, Region Manager Peab.

The project is a turnkey contract. Construction starts in January 2022 and the project is expected to be completed in June 2023.

The project will be order registered in the first quarter 2022.

For further information, please contact:

Matti Joensuu, Region Manager Peab, +358 40 713 2810

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-homes-in-tampere,c3483617

https://mb.cision.com/Main/424/3483617/1519208.pdf

https://news.cision.com/peab/i/hervantajarvi,c2998399

https://news.cision.com/peab/i/joensuu,c2998400

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 62 768 M 6 273 M 6 273 M
Net income 2022 2 456 M 245 M 245 M
Net Debt 2022 10 088 M 1 008 M 1 008 M
P/E ratio 2022 8,68x
Yield 2022 7,12%
Capitalization 21 326 M 2 131 M 2 131 M
EV / Sales 2022 0,50x
EV / Sales 2023 0,50x
Nbr of Employees 15 077
Free-Float 59,3%
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Number of Analysts 2
Last Close Price 72,30 SEK
Average target price 95,00 SEK
Spread / Average Target 31,4%
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Managers and Directors
Jesper G÷ransson President & Chief Executive Officer
Niklas Tom Winkvist Chief Financial Officer
Anders Erik Runevad Chairman
Roger Linner Chief Operating Officer
Henrik Viberg J÷nsson Head-Finance & Investments