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Interim report Rejlers AB January-June 2013


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-07-26 09:01:02 -

Rejlers grows in Norway

Second quarter
» Revenue increased by 10 per cent to SEK 368.6 million (335.4)
» Operating profit was SEK 17.8 million (17.9)
» Operating margin amounted to 4.8 per cent (5.3)
» Profit after tax was SEK 12.4 million (13.0)
» Earnings per share were SEK 1.09 (1.15)
» Rejlers enhances its electric power expertise in Norway through acquisition of
Omega Elkraft

First half-year
» Revenue totalled SEK 733.3 million (664.8), an increase of 10 per cent
» Operating profit was SEK 44.4 million (49.6)
» Operating margin amounted to 6.1 per cent (7.5)
» Profit after tax was SEK 36.5 million (36.1)
» Earnings per share were SEK 3.22 (3.19)


Statement from President and CEO Eva Nygren

Demand for Rejlers' services within Energy and Infrastructure are increasing at
the same pace as investments are being made in these areas in the Nordic region.
Energy 
and Infrastructure are also the areas showing a strong improvement in profit compared to last year. This is where we are further reinforcing our positions through the acquisition of Omega Elkraft in Oslo. We are now the largest private specialist within electric power in Norway. Our strategy of growing in the Nordic conurbations is being further enhanced by the increase in demand for our services within Building and property in Oslo, Stockholm and Helsinki. Rejlers' growth in the first half-year was 10 per cent, of which more than three quarters is organic. Operating profit for the first half-year amounted to SEK 44.4 million (49.6). The main reason for this reduction compared to last year is the poorer market conditions in parts of the industry affecting Finland throughout the period and Sweden during the second quarter. On the positive side, the measures taken to increase profitability in Finland have had a good effect in the second quarter. Our focus on strengthening our brand, improving communication internally and externally and also on developing our support systems will give us a stable platform from which to grow still further. The new communications concept - Energized Engineering - has now been launched on the markets where we are active. We are well on the way towards achieving our growth target 3X2015, which means that in 2015 we will have at least 2,015 employees and revenue of at least SEK 2,015 million. The financial target, of having an operating margin of 10 per cent over one business cycle, is a clear signal of the importance of growth with profitability. For further information, please contact: Eva Nygren, President and CEO, tel. +46 (0)73 412 66 60, e-mail: eva.nygren@rejlers.se Eva K Nygren, CFO, tel. +46 (0)73 412 59 60, e-mail: eva.k.nygren@rejlers.se Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,500 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 70 locations in Sweden, Finland, Norway and Russia. Rejlers has revenue of approx. SEK 1.3 billion and its Class B share is listed on the Nordic list of Nasdaq OMX. Q2 2013 eng (pdf): hugin.info/131990/R/1719032/572032.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Rejlers via Thomson Reuters ONE [HUG#1719032]


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