Peab

What Peab does

Peab AB (publ) is a Nordic construction and civil engineering company founded in 1959 and headquartered in Förslöv, Sweden, with shares listed on Nasdaq Stockholm (ticker PEAB B). The company operates through four collaborating business areas — Construction, Civil Engineering, Industry, and Project Development — and maintains a local presence across Sweden, Norway, Finland, and Denmark with approximately 13,000 employees. Peab's integrated model combines construction contracting, civil engineering, industrial operations (asphalt production including its proprietary ECO-Asfalt with renewable fuels, concrete, and machinery rental), and property development within a single organization. Its primary customers are public-sector entities — including the Swedish Transport Administration, regions, and municipalities — alongside private commercial and industrial clients such as BAE Systems Hägglunds and IHG Hotels & Resorts, with projects won through competitive tenders and direct commissions.

Revenue is generated primarily through project-based construction contracts, with FY2025 net sales of SEK 58,589 million, operating profit of SEK 2,626 million (4.5% margin), and an order backlog of SEK 48,544 million — the highest in company history as reported in Q1 2026. The company's go-to-market is sales-led, centered on public procurement and direct enterprise contracts, with pricing quote-based and project-specific (multi-year contract cadence). Peab's business model is supported by a stable capital structure — net debt of SEK 6,400 million with a 0.4 net debt/equity ratio — and a recently expanded SEK 8 billion syndicated credit facility. Strategic positioning emphasizes sustainable construction methods, with a stated goal of climate neutrality by 2045 and intermediate targets of 60% carbon intensity reduction in own production and 50% in input goods by 2030.

Name

Peab

Legal name

Peab AB (publ)

Website

https://peab.com

Company type

Public

Founded year

1959

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Peab is a Nordic construction and civil engineering company with four integrated business areas (Construction, Civil Engineering, Industry, Project Development), ~13,000 employees, and SEK 58 billion in net sales, serving public and private clients across Sweden, Norway, Finland, and Denmark.

Ownership category

akta.pro rank

Product category

Construction and Civil Engineering

NAICS

Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220), Land Subdivision (237210), Poured Concrete Foundation and Structure Contractors (23811)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531), Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Construction contracting
• Civil engineering services
• Infrastructure construction
• Asphalt production
• Project development

Headquarters

HQ city

Förslöv

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Construction contracts: Peab's largest revenue stream, driven by construction and civil engineering projects across the Nordic region, including buildings, infrastructure, and specialized facilities. Revenue is project-based and recognized over time as projects are executed.
2. Civil Engineering: Civil engineering operations including ground stabilization, quay construction, pipeline installation, road maintenance and paving, and rail infrastructure. Contributes to the overall project contract revenue stream.
3. Industry operations: Industrial operations including production of asphalt (ECO-Asfalt), concrete, and rental of machinery. These support the construction business and provide materials and equipment.
4. Project Development: Development of housing and commercial projects, typically run through wholly owned or partially owned companies. Properties are developed and then sold or held for rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Peab is the Nordic Community Builder, providing construction and civil engineering services across Sweden, Norway, Finland, and Denmark. Its offering spans four integrated business areas: Construction (buildings, renovation, housing), Civil Engineering (groundwork, roads, rail, water pipelines), Industry (asphalt, concrete, machinery rental — including its proprietary ECO-Asfalt), and Project Development (housing and commercial property development). Projects are executed primarily with Peab's own workforce and supplied through competitive public tenders and direct private commissions.

Product overview

Peab is the Nordic Community Builder operating as a construction and civil engineering company with four business areas: Construction, Civil Engineering, Industry, and Project Development. The company provides locally produced community building services with integrated climate and environmental work. Their operations include construction contracts, civil engineering projects, industrial operations (including paving with ECO-Asfalt), and property development. With approximately 13,000 employees and net sales of SEK 58 billion, Peab operates across the Nordic region (Sweden, Norway, Finland, Denmark) with headquarters in Förslöv, Sweden. The company offers general construction, renovation, expansion projects, civil engineering infrastructure, paving/road maintenance services, and property development.

Differentiator

Problem solved

Functional benefit

Brands

• Kvarnholmen Utveckling (KUAB): Joint venture between Peab and JM developing the Kvarnholmen district in Stockholm. KUAB is developing the Hotel Indigo project (a 232-room IHG hotel) in Kvarnholmen.

Products and services

• Construction (Building) Services General construction, renovation, and expansion of residential, commercial, and public buildings across the Nordic region. Projects are delivered for public sector clients (e.g., hospitals, schools, prisons), private commercial clients, and housing associations, primarily through competitive tenders and direct commissions, executed with Peab's own workforce.
• Civil Engineering Services Ground stabilization, quay construction, pipeline installation, road and rail infrastructure, and long-term road operation and maintenance contracts. Peab holds contracts for 24 of the Swedish Transport Administration's road operation areas and delivers water pipeline projects for municipal utilities.
• Industry Operations (Asphalt, Concrete, Machinery) In-house industrial production of asphalt (including proprietary ECO-Asfalt produced with renewable fuels), concrete, and rental of construction machinery. These operations supply Peab's own construction projects and provide materials and equipment to external customers.
• Project Development (Housing and Commercial Properties) Development of housing and commercial real estate projects, typically run through wholly owned or partially owned companies, including joint ventures such as Kvarnholmen Utveckling (KUAB) with JM for the Hotel Indigo Stockholm project. Developed properties are sold to housing associations, residential developers, and other buyers, or held for rental income.

Quantifiable outcome

• Peab aims to achieve climate neutrality by 2045, with intermediate targets of reducing carbon intensity by 60% from own production and 50% from input goods and services by 2030.

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core, minor and strategic.

• Kvarnholmen Utveckling (KUAB)coreStrategic or Co-development Partner · 18 June 2026Kvarnholmen Utveckling (KUAB) is a joint venture between Peab and JM, formed to develop the Kvarnholmen district in Stockholm. The joint venture is developing the Hotel Indigo Stockholm property (232 rooms) with IHG Hotels & Resorts as franchisee and 1912 Hotels as operator, scheduled to open in 2029.
• IHG Hotels & ResortsminorChannel Partner/ Reseller/ Distributor · 18 June 2026IHG Hotels & Resorts is franchising the Hotel Indigo brand to the Hotel Indigo Stockholm property being developed by Peab and JM's joint venture KUAB in Kvarnholmen. IHG stated the signing reinforces its luxury and lifestyle presence in Northern Europe.
• KB GruppenstrategicStrategic or Co-development Partner · 15 December 2025Peab and KB Gruppen are merging their operations in Western Norway to form an associated company, with majority ownership by KB Gruppen. The combined companies are active in construction, renovation, and concrete work, with expected net sales of NOK 1.9 billion in 2025. The transaction is pending approval from competition authorities and expected to close in Q1 2026.
• Hökerum FastigheterminorOthers · 7 November 2025Peab sold 81 rental apartments in Boras to Hökerum Fastigheter. TM & Partners advised Peab on the transaction.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bonava AB: Nordic residential property developer (spun off from NCC in 2016) focused on build-to-sell multi-family and single-family housing. Comparable to Peab's Project Development business area in residential community building.
• JM AB: Swedish residential property developer and JV partner with Peab (KUAB joint venture at Kvarnholmen). Closely comparable in residential construction and development, particularly in Stockholm region.
• YIT Oyj: Finnish construction and real estate developer focused on housing, business premises and infrastructure. Comparable to Peab's Nordic geographic coverage and residential construction focus, particularly relevant given Peab's Finnish operations.
• Veidekke ASA: Norwegian construction and civil engineering company with operations in Scandinavia, closely matching Peab's Nordic civil engineering and construction profile. Strong overlap in road maintenance, infrastructure and building construction.
• NCC AB: Major Swedish construction and property development company with similar four-area structure (building construction, infrastructure, industry, property development). Directly competes with Peab across Swedish construction tenders and housing development.
• Skanska AB: Largest Nordic construction and project development company with integrated construction, civil engineering and property development operations. Closely comparable to Peab in business model and Nordic geographic footprint, though with greater scale and more international diversification.
• AF Gruppen ASA: Norwegian civil engineering and construction contractor with comparable business model across building, civil engineering and property. Direct competitor for Nordic infrastructure tenders.

Others

• Cramo Group: Nordic construction equipment rental company. Not a direct competitor but ecosystem participant that supplies machinery to Peab's Industry business area and serves the broader Nordic construction sector.

Broad incumbents

• Hochtief AG: German-based global construction services company with significant Nordic exposure through subsidiaries. Operates at much larger scale and broader geographic reach than Peab but competes for major European construction tenders.
• Strabag SE: Austrian-based European construction leader with extensive civil engineering and building construction operations. Comparable in integrated construction model and infrastructure capabilities, though at continental rather than Nordic scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peab