Rejlers' Interim Report, January-March 2012
Continued expansion and strong profit
- Revenue totalled SEK 329.4 million (276.8), an increase of 19 per cent
- Operating profit was SEK 31.7 million (27.6)
- Operating margin amounted to 9.6 per cent (10.0)
- Profit after tax was SEK 23.1 million (18.0)
- Earnings per share were SEK 2.04 (1.59)
- Acquisition in Finland with 70 employees
Statement from President and CEO Peter Rejler
The first quarter of 2012 has been characterized by continued strong growth. I am happy to see that we do our best quarter ever. We are recruiting capable employees at a healthy pace, while also making acquisitions and deals of strategic importance.
Healthy order intake in all customer groups give us high hopes for a good first six months 2012. Above all, I see that the energy industry has increased its rate of investment in environmentally friendly and safe energy solutions. Demand for expertise within the construction industry is continued high in metropolitan areas. Despite the uncertainty in Europe, Sweden continues to make investments in infrastructure and large parts of industry.
In the first quarter of 2012, Rejlers acquired Rambøll's energy and industrial operations in Finland, with revenue of approximately EUR 5.5 million, as well as 70 employees. In Norway, Rejlers AS has signed an agreement for the takeover of consultancy and service operations for mobile telephony at TeliaSonera, which involves taking on nearly 40 employees.
It is pleasing to note that the demand for our services has grown constantly over time. Rejlers signed several new framework agreements during the first quarter, including with NetCom and the Norwegian National Rail Administration in Norway. In Finland, we signed agreements with Foster Wheeler Energia Oy and the Finnish Transport Agency.
Rejlers currently has approximately 1,500 employees. We have built a solid platform in Sweden, Finland and Norway that gives us plenty of momentum toward our 2015x3 goal. From now Eva Nygren is taking over after me as CEO of Rejlers. I am convinced that Eva will do a great job and wish her all the best.
For further information, please contact:
Peter Rejler, President and CEO, tel. +46 (0)70 602 34 24, e-mail: email@example.com
Lars Solin, Vice President and CFO, tel. +46 (0)73 386 15 20, e-mail: firstname.lastname@example.org
Rejlers is a Nordic group offering technical consultancy services in the fields of electrical engineering, energy, mechanical engineering, automation, electronics, IT and telecommunications. Rejlers' shares are listed on the Nasdaq OMX Nordic Exchange.