Peab's Interim Report Jan. -- March 2003


FOERSLOEV, Sweden, May 15, 2003 (PRIMEZONE) -- Peab's interim report for the first quarter of 2003 is now available and a copy is attached.

- Continued high orderbacklog amounted to SEK 13,509 million (12,824 million)

- Orders received amounted to SEK 4,465 million (5,031 million)

- Operating profit was SEK 35 million (53 million)

- Profit after financial items amounted to SEK 13 million (38 million)

- The equity ratio increased to 28.8 per cent (27.5)

"Peab is now in possession of all the resources the market demands. To us is it now to further co-ordinate and make the best use of the resources within the company, so that we can achieve a higher use of our capacity and a continued good profitability on a tougher market," commented Peab's 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 www.peab.com

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00730/wkr0001.doc

http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00730/wkr0002.pdf

The Full Report:

http://www.waymaker.net/bitonline/2003/05/15/20030515BIT00730/wkr0003.pdf