Rejlers' interim report, January-September 2008
Continuous strong growth and improved profit
Statement from President and CEO Peter Rejler
The third quarter saw a continued good flow of orders and the best profits we have ever reported for a third quarter.
Rejlers has positioned itself well in all markets, reporting continued positive development and, at present, a good balance between assignments in Infrastructure, Energy, Industry and Construction & property.
We have seen a tendency towards a downtown in certain segments of Industry and in Construction & property, driven by the prevailing financial uncertainty and business climate. Despite this, demand remains high among all customer groups, especially for assignments in Energy and Infrastructure, which account for some 60 per cent of turnover.
Growth has been good throughout the year and in 2008 Rejlers has gained about 120 new employees, 40 of whom in the acquisition of Danatec in the third quarter.
This year we have received a large number of new and prestigious assignments. Of particular note is the planning of the new Western Metro line in Helsinki. In the third quarter, we were also contracted by utility company Jönköping Energi in relation to the construction of 13 new wind power turbines north of Gränna.
Our target of at least 1000 employees and a turnover of SEK 1 billion by 2010 remains.
For further information, please contact:
Peter Rejler, President and CEO, tel. +46 (0) 70 602 34 24, e-mail: email@example.com
Kjell Sandin, CFO, tel. +46 (0) 70 399 10 64, 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, IT and telecommunications. Rejlers shares are listed on the Nordic list of the Stockholm Stock Exchange.