- - -









- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Peab: Project write-downs of SEK 425 million charge the second quarter of 2012

Press release published at The Swedish Wire

In connection with a review of our project portfolio in preparation for Peab's half-year report three major project write-downs are considered necessary.

Construction of Stockholmsarenan (Tele2 Arena) has proven to be more complex than was possible to foresee at the time the construction contract was signed. This has led to delays and higher costs that, in total, are expected to amount to SEK 300 million.

Now that two commercial projects in central Oslo, both commissioned in 2010, are nearing completion it has become apparent that they will not be as profitable as previously expected. The final cost forecasts for both projects will be written down in total by SEK 125 million.

The entire amount of the project write-downs above will charge the second quarter of 2012. Peab's half-year report will be published on 21 August.

"Stockholmsarenan is a challenging, very complex project. We have one more year of production and we maintain a continuous dialogue with our customer and subcontractors on how the project is developing. All focus is on completing the project in time with a high level of quality," says Jan Johansson, President and CEO of Peab.

For further information, please contact:

Jesper Göransson, CFO Peab +46 733 371013

Fredrik Wahrolén, CIO Peab +46 733 371007

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 08 am on 10 July 2012.

Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. The Group's subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.
This information was distributed by Cision

Latest Jobs for English speakers in Sweden


Jobs for English speakers in Sweden

Most Read Searched