Rejlers' interim report, January-September 2008



Continuous strong growth and improved profit

Third quarter
  • Turnover increased by 22 per cent to SEK 172.0 million (141.3)
  • Operating profit increased by 44 per cent to SEK 21.2 million (14.7)
  • Operating margin amounted to 12.3 per cent (10.4)
  • Profit after tax increased by 47 per cent to SEK 15.4 million (10.5)
  • Earnings per share increased by 46 per cent to SEK 1.42 (0.97)
  • Acquisition of Danatec AB, with 40 employees

    January-September
  • Turnover increased by 22 per cent to SEK 572.3 million (470.7)
  • Operating profit increased by 52 per cent to SEK 75.4 million (49.5)
  • Operating margin amounted to 13.2 per cent (10.5)
  • Profit after tax increased by 54 per cent to SEK 54.2 million (35.2)
  • Earnings per share increased by 53 per cent to SEK 5.02 (3.27)
  • Number of full-time employees at the end of the period increased by 14 per cent to 923 (808)

    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: peter.rejler@rejlers.se
    Kjell Sandin, CFO, tel. +46 (0) 70 399 10 64, e-mail: kjell.sandin@rejlers.se

    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.
  • About Us

    Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,800 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 80 locations in Sweden, Finland and Norway. In 2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on Nasdaq Stockholm.