FOERSLOEV, Sweden, Feb. 13, 2003 (PRIMEZONE) -- Enclosed we hereby forward Peab's (Stockholm:PEABb) year-end report 2002.
-- Orders received increased by 14 per cent to SEK 19 121 million
(16 747)
-- Operating profit was SEK 636 million (655), of which Construction
and Civil Engineering Sweden increased to SEK 627 million (417)
-- Profit after financial items was SEK 552 million (577)
-- Continued strong cashflow before financing totalled SEK 808
million (633)
-- Equity/assets ratio increased to 28.2 per cent (24.8)
-- Board proposes that dividend per share will be increased to
SEK 2.20 (2.10)
-- Board further proposes that an extra dividend be paid in the form of
shares in Brinova Fastigheter, equivalent to approximately SEK 5.60
per share
"Peab has, during the year 2002, developed in a positive way. Our strong order intake gives us a continued strong position on the Swedish market. To that, both the equity/assets ratio and our cashflow develop in the right direction. A spin-off off the properties is the last big step in Peabs strategy to become a focused building and construction company. The spin-off creates better conditions both for the further development of the properties as well as for Peabs shareholders to participate in future values," said Peabs CEO Mats Paulsson.
For more information, please contact:
Mats Paulsson, CEO Peab +46 431 89 135 Mats Leifland, CFO Peab +46 733 37 10 06 Gosta Sjostrom, Information Manager Peab +46 733 37 10 10 Previous press releases from Peab are available at peab.com This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/02/13/20030212BIT01410/wkr0001.pdf The full report