Translated Figures for 2012 and 2013 According to the New

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 4, 2014 at 4:15 AM

Translated Figures for 2012 and 2013 According to the New Business Area Structure

As previously communicated Peab has implemented an extensive action plan aimed at raising profitability primarily through streamlining construction operations and gathering project development together under one roof. Business Area Construction Business Area Construction will comprise the contracting work that the Business Area does for both external and internal customers, primarily Business Area Project Development. Business Area Project Development Peab is incorporating all housing developments into the former Business Area Property Development, now called Project Development. In other words, the Business Area will comprise all Peab’s development regarding housing and property, including the capital employed connected to project development. Reporting according to the new business area structure Up to the third quarter 2013 net sales and operating result were reported with own housing developments as part of Business Area Construction. Net sales and profit were reported according to the percentage of completion method for both the general contractor part and the subcontractor part. Net sales and profit referring to the construction of our own tenancy project developments on our balance sheets were reported in Business Area Construction according to the percentage of completion method but were eliminated in consolidated reporting. When own tenancy project developments were divested the eliminated net sales and profit were returned to consolidated reporting. As of the fourth quarter 2013 the following changes have been made regarding reporting net sales and profit from our own housing and tenancy project developments: - Net sales and profit referring to the subcontractor part of our own housing and tenancy project developments are reported, according to the percentage of completion method, in Business Area Construction. - Both the general contractor part and the subcontractor part of our own housing developments are reported in Business Area Project Development. Reported profit is the result in the general contractor part reported according to the percentage of completion method. Regarding our own tenancy project developments on our balance sheets only capital gains from divestitures will be reported. - Internal net sales between Business Area Construction and Business Area Project Development regarding the construction cost of own housing developments are eliminated in consolidated reporting. Net sales and profit referring to the subcontractor part of own tenancy project developments in own balance sheets are eliminated in consolidated reporting and returned when a project is divested. Capital employed As of the fourth quarter Peab will report closing capital employed for Business Areas Project Development and Industry. The capital employed for the Business Areas consists of the Business Area’s total capital reduced by deferred tax receivables and internal receivables from the internal bank Peab Finans with deductions for non-interest-bearing liabilities and deferred tax liabilities. Orders received and order backlog Orders received and order backlog have been reallocated according to the new business area structure. Enclosed are the translated figures for net sales, operating results and operating margins for the quarters in 2012 and 2013. Capital employed and orders received are reported in translated figures for the entire year of 2012 and the quarters in 2013. Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10:00 a.m. on 4 February 2014. For further information, please contact: Niclas Winkvist, CFO Peab +46 431 89109 Gösta Sjöström, CIO Peab +46 733 371010 Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45 billion in net sales. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Auction Direct USA Offers Budget-Friendly Used Cars

Dollars and Sense: Affordable Cars in Raleigh Listen up, folks. These days, unless you're on the hunt for a fancy ride decked out with every bell and whistle, the idea of nabbing a car under ten grand almost sounds like a fairytale. But Auction Direct USA in Raleigh is making this dream a reality. That’s right, a whole fleet of used cars, all priced under $10,000, is...

Lennox Faces Pressures Amidst Strong Revenue Growth

Revenue Surge but Margin Squeeze Out there in the land of HVAC, Lennox International (NYSE: LII) just dropped its third quarter earnings for 2026. Sure, they raked in a solid $1.6 billion—up a hearty 10%. But all that glitters ain't gold, and the company's operating income took a hit down to $312 million, shedding a cool five percent from last year. Challenges Weighing...

EWTN’s Docuseries 'In Jesus' Name' Explores Exorcisms

The True Stories Behind Exorcisms In the complex landscape of media today, EWTN Studio's latest docuseries, In Jesus' Name, steps into the ring with tales that outstrip Hollywood's beloved fright flicks. Forget about the jumpscares and the special effects next to those greased-up eggs you're munching on. This series drills right to the bone of reality—a candid look at...

Core Lab's Quarterly Grit: Navigating a Turbulent Market

Core Lab's Quarter in Review With the kind of resilience that makes a trader's hands shake ever so slightly less over a coffee, Core Laboratories Inc. heads into the fourth quarter of 2026. This isn't your typical Wall Street story, that's for sure. Watching a solid player like Core navigate the bumpy roads of today's volatile market reminds me of a...

Small Biz Financing Soars Amid Credit Struggles

Record Financing Applications, But Not All is Rosy Diving headlong into this 1West data is like clutching at a double-edged sword. On one side, we've got record-breaking numbers—48,975 financing applications in Q3 alone. That’s a staggering 25% hike over last year. But before you pop the champagne, let's pivot to the other edge: dwindling financial health. With the...

First Responders Honored in Times Square Hero Ceremony

Stepping up to Spotlight Courage In a world that often seems to teeter on chaos, it's those unsung heroes—the first responders—who stand ready to turn panic into repose. October 28th saw Times Square in New York City transform into a beacon of appreciation as the First Responders Children's Foundation (FRCF) applauded nineteen fearless foes of danger. Picture that...

AEP's $100B Power Plan: Investing in Tomorrow's Energy

Electricity Powerhouse Unleashes Ambitious Plan If you thought American Electric Power (NASDAQ:AEP) was just cruising along, think again. This week, they rolled out an eye-popping $100 billion plan to supercharge their infrastructure and meet soaring electricity demands. It’s like they’re building the future of power right in front of our eyes. Third-quarter earnings...

Oracle's Bold Vision: Targeting $225B Revenue by 2030

Oracle Lays Down a Bold Gauntlet Oracle Corporation (NYSE: ORCL) sure knows how to draw the spotlight. With their recent Investor Day in Vegas, they've laid out ambitions that could make even the most seasoned Wall Streeter spit out their coffee. Who would've thought they'd be betting on a whopping $225 billion in revenue by FY30? That's supposed to be a more than 35%...

Cloopen Group's Private Transition: What Investors Should Know

Cloopen Steps Away from Public Market Scene Here's a tale simmering on the corporate backburner: Cloopen Group Holding Limited, that cloud juggernaut over in China, has gone all private on us. The ink is drying on their merger with SummerX Holdings Limited, under the overarching umbrella of SpringX Holdings. So, now this communications outfit has slipped out of the public...

Long March Reflections: Lesson of Adaptation Endures

Ever stood in a place where history feels so heavy you can almost touch it? That's Lazikou, a gorge in southern Gansu, where ninety years ago, young soldiers of China's Red Army faced a seemingly impassable barrier. Yet, they managed to climb, transform a military retreat into legend, and essentially shape the nation's path ahead. It's a feat that still sends ripples...