Annual report 2012 - Peab

BOARD OF DIRECTORS’ REPORT
BUSINESS AREA CONSTRUCTION
of Scandinavia in Solna, were lower than
in 2011. Production of ongoing projects
has been rapid in recent years and order
backlog at the end of the year amounted
to SEK 20,132 million (20,578).
COMMENTS ON THE YEAR
The rate of production during the year was
high. We worked in more than half of the
municipalities in Sweden. The large
projects initiated in 2012 were spread all
over our geographic operational area from
the very north to the very south of Sweden,
in Norway and in Finland. We started
construction on senior housing in Nyköping
and Sala, stores in Uddevalla, Stockholm,
Älmhult, Luleå and Kristianstad. We began
hotel projects in Gothenburg, Malmö and
Stockholm, a multi-hall in Vardö in the very
north of Norway, a post office terminal in
Sigtuna, a facility for traffic safety in Borås,
Important projects and events
Friends Arena, Sweden’s new national
arena in Solna was completed and inaugurated
in October. Demolition of the old
arena, Råsunda, began after the inauguration
and this area is now being planned
for housing. Construction of housing in
Arenastaden and Sweden’s largest shopping
center the Mall of Scandinavia commenced.
Steen & Ström commissioned Peab to
build the new Gallerian in Kristianstad.
The first stage of the technically complicated
laboratory Max IV in Lund was completed
and a new contract for the second
stage was signed.
Peab was commissioned by Nyköping
Municipality to build 146 apartments for
senior and sheltered housing in Nyköping.
The unit will also contain an assembly
room, workshops for day activities, a restaurant
with a kitchen and personnel and
office space.
Together with Peab’s other business
areas Construction will continue to work
for Northland Resources in the Kaunis-
18 PEAB ANNUAL REPORT 2012
Jesper Göransson, acting Business Area Manager Construction
Strategic priorities
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•
•
•
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Greater focus on profitability such as closely monitoring the action plan
initiated in 2012.
Careful selection and prioritization of projects in order to optimize margins.
Continued development of customer concepts, industrial construction and
standardization and industrialization of all our processes and systems.
Greater cooperation with customers through, for instance, Trust-based
contracts that create value for all parties.
Continued focus on human capital, particularly by continuously improving
safety.
the Emil i Lönneberg site in Vimmerby and
much more. This list clearly demonstrates
the wide range of Peab’s building production.
Arenastaden in Solna is one of Peab’s
largest worksites and a great deal happened
there in 2012. The spectacular inauguration
of Friends Arena generated an
enormous amount of attention and we
began construction of the Mall of Scandinavia,
a project all Peab’s business areas are
involved in.
During the year a whole new division
was created; Special projects. Here we
have collected our top notch expertise in
the production of special projects like the
Mall of Scandinavia and IKEA department
stores.
Peab has also continued to develop
logistic systems. Not only large projects but
nearly every worksite is affected by this. By
vaara mine. One new project is the construction
of a concentrator. For more
information on Northland Resources,
see page 34, Important events after yearend.
Events after the end of
the period
After a revision of the Norwegian operations,
which resulted in project write-downs and in
order to further improve profitability in Business
Area Construction, leadership in the
business area has been reinforced. As of 1
January 2013 Tore Hallersbo is responsible for
the further development of divisions Norway,
Finland and Special Projects. With its
specialist expertise Division Special Projects
will support operations in Norway throughout
the entire production process. As of 8 April
2013 Roger Linnér is the operative manager
for the Swedish construction divisions and
business area staff. As of March 2013 Jesper
Göransson is acting Business Area Construction
Manager.
improving logistics we can make major
savings in the environment, costs, time and
more.
Continued development
of standardized concepts
In line with the strategy for the whole Group
to strengthen and develop Peab’s customer
relations we have continued to develop our
customer concepts during the year: Bolyftet,
Peab Småhus and Annehem, and we
launched a new one, Housing for Youths.
Bolyftet is a comprehensive concept
for sustainable refurbishment of the housing
projects from the 60s and 70s. The concept
balances social, financial, environmental
and energy conservation aspects. In
addition to specially designed construction
and energy technique solutions, as well as
financing alternatives, the concept contains
measures to make the housing projects in
need of upgrading safer and nicer, and cre-
Operative net sales
MSEK
30,000
25,000
20,000
15,000
10,000
5,000
Operative operating profit and margin
MSEK
1,200
1,000
800
600
400
200
0
0
2008
2008
2009
2009
2010
2010
2011
2011
2012
Operating profit Operating margin, %
2012
%
6
5
4
3
2
1
0