Peab AB (publ)

Welcome to today's presentation of PEAB's final communiqué for 2024. My name is Johan Hartman and I am the CEO of PEAB. As usual, I am standing next to Jesper Göransson, PEAB's CEO, and Niclas Winkvist, PEAB's CFO. Jesper and Niclas started the day by presenting today's report. and there you have the opportunity to ask questions and you can do that both manually if you are in the telephone conference and then you press square five on your mobile units or you screen the question in the web form on the website and then read the questions later. That was a short intro, we'll start over.

Welcome Jesper. Thank you very much Johan. Welcome everyone. We will go through our quarter's results and our year's results for 2024. We will start by taking a look at the results for March. And in general, one can say that there have been small changes in the market views since last year. It was supposed to . . . Thank you very much. And if we look at Sweden, And then I'll show you this picture. The number of start-ups in Sweden between 1994 until and with the fall of 2023. And then there's the second year. from 2024 to 2033.

And if we look at how this development has been, we can say that after the financial crisis of 2008, due to the fact that the interest rates fell and due to the fact that the interest rates became very, very low for a long time, we had a fairly significant increase in housing construction in Sweden. and we reached the top level in 2021, with almost 70,000 startups that year. At the same time, we see the result of inflation and the rapidly rising interest rates thereafter, with a big break in the start-up, where we fell to levels just below 30,000, almost 25,000 startups per year.