Interim report January – June 2018 Sweco AB (PUBL)
Continued positive development
April – June 2018
- Net sales increased to SEK 4,916 million (4,262)
- EBITA increased to SEK 464 million (312), margin 9.4 per cent (7.3)
- EBIT increased to SEK 443 million (299), margin 9.0 per cent (7.0)
- Profit after tax increased to SEK 329 million (225), corresponding to SEK 2.77 per share (1.88)
January – June 2018
- Net sales increased to SEK 9,544 million (8,670)
- EBITA increased to SEK 873 million (807), margin 9.1 per cent (9.3)
- EBIT increased to SEK 835 million (776), margin 8.7 per cent (8.9)
- Profit after tax increased to SEK 627 million (585), corresponding to SEK 5.27 per share (4.89)
- Net debt increased to SEK 2,685 million (2,064)
- Net debt/EBITDA increased to 1.5 times (1.2)
Comments from President and CEO Åsa Bergman:
Sweco’s positive development continued during the second quarter. EBITA increased approximately SEK 79 million and organic growth increased to 7 per cent, when adjusting for calendar effect. The growth was supported by a strong order back log and an increased number of employees. Reported numbers nominally show a larger improvement, as the second quarter was positively impacted by 10 more working hours compared with last year, having a positive effect on net sales and EBITA of approximately SEK 73 million.
On Business Area level, the positive development in the Netherlands and Denmark continued and were the main contributors of increased EBITA during the quarter, when adjusting for calendar effect. Organic growth was particularly strong in Western Europe, the Netherlands and Norway.
Our strategic direction remains firm. Sweco designs the communities and cities of the future. We are the European market leader, with strong customer relationships, highly motivated employees and a strong financial position. We will continue to strengthen our European leadership through organic growth and acquisitions in Northern Europe. Our operating model is based on decentralised responsibility, combining customer focus, internal efficiency and having the best people in the business.
Overall, the market for Sweco’s services is good and continues to develop positively, with increased investments on the back of a solid economic development in Northern Europe.
For additional information, please contact:
Åsa Bergman, President and CEO, +46 8 695 64 03 / +46 73 412 64 03
Jonas Dahlberg, CFO, +46 8 695 63 32 / +46 70 347 23 83
Lars Torstensson, Communications Director, +46 70 273 48 79
Sweco plans and designs tomorrow’s communities and cities. Our work produces sustainable buildings, efficient infrastructure and access to electricity and clean water. With 15,000 employees in Europe, we offer our customers the right expertise for every situation. We carry out projects in 70 countries annually throughout the world. Sweco is Europe’s leading engineering and architecture consultancy, with sales of approximately SEK 16.9 billion (EUR 1.8 billion). The company is listed on Nasdaq. Stockholm. www.swecogroup.com
This information is information that Sweco AB is obliged to make public pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on 19 July 2018.