Annual report 2012 - Peab

ate jobs there. Two examples of projects
that were initiated during the year were
Vallby in Västerås and Rosengård in Malmö.
Peab Småhus is a concept for terrace
houses, link houses and single homes.
Based on a common technological platform
the house models are developed with customers
in mind. Prefabricated houses with
low energy consumption are built efficiently
and safeguarded from dampness. Thousands
of single homes are in the planning
stage within a 5-7 year horizon. During the
year two projects were initiated, one in Ale
municipality and one in Västerås.
Annehem is a concept for Senior,
Sheltered and Nursing Home housing
where Peab, together with our partners who
are municipalities and real estate companies,
offer turnkey senior housing including
associated facilities for services and activities
in the buildings. During the year 63
apartments in Kristianstad were built based
on PGS (Peab General System).
A new customer concept was also initiated
during the year called “Housing for
Youths”. The idea is to make it possible for
large numbers of young people to move
away from home by building apartments
with cost-efficient production. The methods
are many and include rationalizing living
space and smart interior solutions. A precursor
to the concept is being built in Arenastaden
in Solna. Almost 60 percent of
those who have booked an apartment are
born in the 1980s or 90s. Many of them are
first-time buyers.
PGS (Peab General System) is a
module-based construction system. PGS
develops and delivers a flexible system of
Efficient logistics
Modern, customized logistics are key to efficient
construction projects. Well thought-out
logistics with clear and specific demands on
times, places and methods are exacting but
they are also good for profits and the environment.
Peab’s concept for efficient logistics
requires real commitment from everyone on a
worksite. Every project tailors its model based
on plain common sense. An example of a
project where logistics functioned well is
Stockholm Waterfront which Peab built next
to Kungsbron in Stockholm.
construction components that are manufactured
in a factory and mounted on site into a
complete apartment building. In other
words, PGS entails industrial construction
from fabrication to finished building. The
result is shorter construction times and
high, uniform quality in attractive, energy-saving
and environmentally friendly
housing. Some of our ongoing and future
Key ratios 2012 2011
Operative net sales, MSEK 27,992 27,822
Operative operating profit, MSEK –13 600
Operative operating margin, % 0.0 2.2
Orders received, MSEK 27,185 27,841
Order backlog on 31 December, MSEK 20,132 20,578
Number of employees 7,384 8,169
Own housing development production 2012 2011
Number of housing starts during the year 1,679 1,711
Number of homes sold during the year 1,738 1,531
Total number of homes under construction, at year end 3,134 3,470
Share of sold homes, at year end 72% 73%
Number of repurchased tenant-owned rights/shares in
Finnish companies in the balance sheet, at year end 191 183
BUSINESS AREA CONSTRUCTION
projects are: Sheltered Home “Översten” in
Västerås, the rental apartments “Pippi” in
Malmö and the tenant-owned apartments
“Eklyckan” in Mölnlycke.
THE MARKET
Developments in Swedish building
construction start-ups were slow in 2012,
despite a relatively strong start at the beginning
of the year. This is primarily due to the
weak development in start-ups in private
and public premises during the second half
of the year. We can already see that
housing production does not meet the need
for new homes. This leads to a growing
housing shortage, which hampers development
on the labor market and can even
affect economic growth. A large part of the
investments made over the next few years
will in all probability be in maintenance and
repair.
Norwegian building construction startups
have had stable growth in 2012,
although not at the same high rate as previous
years.
As a result of a dramatic drop in building
construction start-ups in Finland during
the third quarter developments in 2012
were slightly down from the previous year.
Maintenance and repairs have developed
stably in Sweden, Norway and
Finland. This market is less sensitive to
ups and downs in the economy.
Operative net sales 2012 per type of
operations
Construction
maintenance,
10% (11%)
Renovation,
24% (24%)
Other, 2% (3%)
New construction,
64% (62%)
PEAB ANNUAL REPORT 2012
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BOARD OF DIRECTORS’ REPORT