(PEAB-B) Peab (publ) - Ratings and Ratios

Peab AB (publ) is a leading Nordic construction and civil engineering firm with operations across Sweden, Norway, Finland, Denmark, and select international markets. Established in 1955 and headquartered in Förslöv, Sweden, Peab has built a reputation for delivering large-scale infrastructure and construction projects. The company operates through four core segments: Construction, Civil Engineering, Industry, and Project Development.

The Construction segment focuses on building residential, commercial, and public properties, while also offering renovation, extension, and maintenance services. This part of the business is crucial for Peab, as it directly contributes to the housing supply and urban development in the Nordic region. The Civil Engineering segment is equally significant, handling infrastructure projects such as roads, railroads, bridges, tunnels, and ports. This segment also manages landscaping, pipeline work, and the maintenance of highways, parks, and water networks, making it a key player in public infrastructure.

The Industry segment provides essential materials and services for construction projects. This includes mineral aggregates, concrete products, temporary electricity solutions, and prefabricated concrete elements. Additionally, Peab rents out cranes and machinery, distributes binders for the concrete industry, and offers transportation and recycling services for waste materials. This vertical integration allows Peab to control costs and ensure supply chain efficiency, a critical factor in the construction industry.

The Project Development segment is responsible for acquiring, developing, and divesting residential, commercial, and public properties. This part of the business is strategic, as it allows Peab to create value by repurposing underutilized land or outdated structures. The