Slide 1: Q1 January – March 2026
Q1 January – March 2026
Slide 2: Housing investments increase but from a low level
MARKET OUTLOOK Housing investments increase but from a low level Started-up housing investments, new and renovations 2026 2027 2028 Sweden (↑) 2026 i 2027 2028 Norway 2026 2027 2028 Finland Source: Prognoscentret
Slide 3: Varying investment levels in premise construction
MARKET OUTLOOK Varying investment levels in premise construction Started-up premise construction investments, new and renovations 2026 2027 2028 Sweden →( ) → → 2026 2027 2028 Norway → 2026 2027 2028 Finland ↑( ) → Source: Prognoscentret
Slide 4: Continued high level of investments in civil engineering
MARKET OUTLOOK Continued high level of investments in civil engineering Civil engineering investments 2026 2027 2028 Sweden 2026 2027 2028 Norway → → → 2026 2027 2028 Finland → → → Source: Prognoscentret
Slide 5: Stable investment levels in the Nordic market
MARKET OUTLOOK Stable investment levels in the Nordic market Total construction and civil engineering investments, new and renovations 2026 2027 2028 Sweden 2026 2027 2028 Norway → → 2026 2027 2028 Finland → → Source: Prognoscentret
Slide 6: Business area Construction
Business area Construction Swimming Pool Helsinki
Slide 7: Business area Construction
Business area Construction Jan-Mar Jan-Mar Apr 2025- Jan-Dec MSEK 2026 2025 Mar 2026 2025 Net sales 5,299 5,317 23,665 23,683 Operating profit 222 111 623 512 Operating margin, % 4.2 2.1 2.6 2.2
Slide 8: Stable level of orders received and order backlog
BUSINESS AREA CONSTRUCTION Stable level of orders received and order backlog Orders received, MSEK 10,000 8,784 9,000 8,000 7,000 6,654 6,602 6,742 Order backlog 6,325 5,918 25.8 6,000 5,000 4,756 4,489 3,994 4,000 BSEK (26.7) 3,000 2,000 1,000 0,000 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q425
Slide 9: New contracts in the first quarter
BUSINESS AREA CONSTRUCTION New contracts in the first quarter New hotel & office New hospital buildings New apartments New super market (MSEK 700) (MSEK 556) (MSEK 312) (MSEK 212) Uppsala Lund Vestby Oulu
Slide 10: Allocation per product area
BUSINESS AREA CONSTRUCTION Allocation per product area Net sales, rolling 12 months Order backlog, March 31, 2026 14% 12% Housing Housing 24% Construction maintenance Construction maintenance 8% Sports facilities 8% 30% Sports facilities Industrial Industrial Offices Offices 12% 7% Logistics 12% Log
Slide 11: Business area Civil Engineering
Business area Civil Engineering Bodø Airport Bodø, Norway
Slide 12: Business area Civil Engineering
Business area Civil Engineering Jan-Mar Jan-Mar Apr 2025- Jan-Dec MSEK 2026 2025 Mar 2026 2025 Net sales 4,062 3,668 18,001 17,607 Operating profit 147 114 737 704 Operating margin, % 3.6 3.1 4.1 4.0
Slide 13: Increased level of orders received and high order backlog
BUSINESS AREA CIVIL ENGINEERING Increased level of orders received and high order backlog Orders received, MSEK 9,000 8,188 7,985 8,000 7,000 6,682 6,385 6,000 Order backlog 24.5 4,870 5,000 4,384 4,083 4,000 3,051 3,229 3,000 BSEK (21.1) 2,000 1,000 0,000 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q12
Slide 14: New contracts in the first quarter
BUSINESS AREA CIVIL ENGINEERING New contracts in the first quarter Contract for road maintenance New water works New stabling tracks New water pipelines (MSEK 666) (MSEK 642) (MSEK 580) (MSEK 330) Sweden Karlshamn Gothenburg Norsborg
Slide 15: Allocation per product area
BUSINESS AREA CIVIL ENGINEERING Allocation per product area Net sales, rolling 12 months Order backlog, March 31, 2026 17% Operations and 19% Operations and maintenance maintenance 29% Energy 4% Energy Streets and groundwork Streets and groundwork 45% 8% Ports and sea Ports and sea 6% Industrial Ind
Slide 16: Business area Industry
Business area Industry
Slide 17: Business area Industry
Business area Industry Jan-Mar Jan-Mar Apr 2025- Jan-Dec MSEK 2026 2025 Mar 2026 2025 Net sales 2,462 2,283 20,216 20,037 of which Swerock/Asphalt 1,507 1,504 16,773 16,770 of which Construction system 1,047 854 3,865 3,672 Operating profit -412 -549 1,622 1,485 of which Swerock/Asphalt -440 -558 1,
Slide 18: Stable level of orders received and order backlog
BUSINESS AREA INDUSTRY Stable level of orders received and order backlog Orders received, MSEK 5,000 4,495 4,500 4,000 3,835 3,630 3,500 3,245 3,341 Order backlog 3,091 7.6 2,932 2,940 3,000 2,440 2,500 2,000 BSEK (7.4) 1,500 1,000 0,500 0,000 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126
Slide 19: Lower tied-up capital and improved return on capital
BUSINESS AREA INDUSTRY Lower tied-up capital and improved return on capital Capital employed and return on capital employed* 12,000 11,339 18% 10,806 10,688 10,391 16% 9,920 9,735 10,034 10,000 9,198 9,269 14% 8,000 12% Return on 10% capital employed 6,000 16.7 8% 4,000 6% 4% % (13.0) 2,000 2% 0,000
Slide 20: Business area Project Development
Business area Project Development Brf Lojobacken Stockholm
Slide 21: Business area Project Development
Business area Project Development Jan-Mar Jan-Mar Apr 2025- Jan-Dec MSEK 2026 2025 Mar 2026 2025 Net sales 492 991 3,846 4,345 Operating profit 9 83 164 238 Operating margin, % 1.8 8.4 4.3 5.5 of which Housing Development -0.4 3.6 -0.7 0.2
Slide 22: Ongoing production and sale of homes
BUSINESS AREA PROJECT DEVELOPMENT Ongoing production and sale of homes Jan-Mar Jan-Mar Apr 2025- Jan-Dec Number 2026 2025 Mar 2026 2025 Total number of started-up homes 132 523 770 1,161 Total number of sold homes 115 272 1,091 1,248 Mar 31, Mar 31, Dec 31, Number 2026 2025 2025 Total number of home
Slide 23: Lower return on capital employed
BUSINESS AREA PROJECT DEVELOPMENT Lower return on capital employed Capital employed and return on capital employed* 25,000 5% 19,767 19,199 19,138 20,000 4% 18,334 18,408 18,229 18,435 18,220 18,634 15,000 3% Return on capital employed 10,000 2% 1.1 % (3.4) 5,000 1% 0,000 0% Q124 Q224 Q324 Q424 Q125
Slide 24: The Peab Group
i J | \ The Peab Group ; ‘ EJ \ oa ri a "ES
Slide 25: Segment reporting
THE GROUP Segment reporting Jan-Mar Jan-Mar Apr 2025- Jan-Dec MSEK 2026 2025 Mar 2026 2025 Net sales 10,771 10,925 58,435 58,589 Operating profit -156 -278 2,748 2,626 Operating margin, % -1.4 -2.5 4.7 4.5
Slide 26: High share of public customers
THE GROUP High share of public customers Net sales, rolling 12 months 45% (44) 55% (56) Public customers Private customers
Slide 27: Development of orders received
THE GROUP Development of orders received Orders received, MSEK 20,000 17,889 18,000 16,434 16,574 Orders received 16,000 14,947 15,561 14,000 13,183 12,052 12,000 10,000 8,000 10,135 10,223 15.6 BSEK (16.6) 6,000 4,000 2,000 0,000 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126
Slide 28: Increasing order backlog and high level of preliminary contracts
THE GROUP Increasing order backlog and high level of preliminary contracts MSEK 60,000 50,000 40,000 Order backlog Preliminary contracts per March 31, 2026 30,000 20,000 53.8 Appr. 20 10,000 BSEK (52.0) BSEK 0,000 2023 2024 2024 2024 2024 2025 2025 2025 2025 2026 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Order
Slide 29: Order backlog allocated over time
THE GROUP Order backlog allocated over time Order backlog allocated over time, MSEK 30,000 27,758 28,569 25,000 20,000 18,155 16,341 47% 15,000 10,000 7,856 7,033 after current 5,000 financial year 0,000 (47) Current financial year Coming financial year Thereafter March 31, 2025 March 31, 2026
Slide 30: First quarter affected by season
THE GROUP First quarter affected by season Cash flow before financing, MSEK 3,000 2,792 2,500 2,250 2,000 1,719 1,500 1,195 1,000 0,500 0,000 -95 -218 -0,500 -363 -560 -608 -1,000 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126
Slide 31: Lower net debt
THE GROUP Lower net debt Net debt and net debt/equity ratio 12,000 0,7 10,000 0,6 2,272 1,915 0,5 8,000 2,649 2,237 2,042 1,944 1,823 0,4 Net debt 6,000 1,818 4,000 6,490 7,313 6,397 6,681 6,322 7,610 6,168 2,131 0,3 0,2 7.2 BSEK (8.3) 5,355 2,000 4,269 0,1 0,000 0,0 Q124 Q224 Q324 Q424 Q125 Q225 Q3
Slide 32: Target checkpoint
Target ch Getemp int - —
Slide 33: Four target areas, nine external targets
Four target areas, nine external targets Most satisfied Best eNPS customers CSI workplace always over benchmark always over 75 Zero vision Serious accidents Through a contracting trend Operating margin Most profitable Leader in social Carbon dioxide Carbon dioxide intensity company >6 % responsibilt
Slide 34: Target: Operating margin over 6 percent
MOST PROFITABLE COMPANY Target: Operating margin over 6 percent Operating margin, Group 7 6.2 Target: >6% 6 5.2 4.7 4.5 4,7 5 4.3 4 3… 3 2 1 0 2020 2021 2022 2023 2024 2025 2026* *Calculated on rolling 12 months per March 31, 2026
Slide 35: Target: Net debt/equity ratio within interval 0.3-0.7
MOST PROFITABLE COMPANY Target: Net debt/equity ratio within interval 0.3-0.7 Net debt/equity ratio, Group 1,0 0,8 0.6 0,6 0.5 0.5 Target interval: 0,4 0.4 0.4 0,3-0,7 0.3 0,2 0.2 0,0 2020 2021 2022 2023 2024 2025 2026* *Per March 31, 2026
Slide 36: Zero vision for workplace accidents
BEST WORKPLACE Zero vision for workplace accidents Serious accidents, rolling 12 months, category 4 60 49 48 49 50 48 39 40 33 Target: 28 30 30 30 28 Contracting trend 27 20 20 18 20 21 21 19 19 18 10 10 13 0 2020 2021 2022 2023 2024 2025 2026 Own personnel Subcontractors Total
Slide 37: Highest order backlog in Peab's history
JAN-MAR 2026 Highest order backlog in Peab’s history • Unchanged stable market outlook in the Nordic construction and civil engineering market • Stable level of orders received and record high order backlog • Improved operating profit and higher operating margin • Lower net debt despite seasonally w
Slide 38: Q&A
Q&A
Slide 39: Next report: Second quarter 2026 July 14, 2026
Next report: Second quarter 2026 July 14, 2026
Slide 40: Thank you!
Thank you!