SWECO AB (publ) Year-end report 2014

Strong earnings and major infrastructure projects

OCTOBER – DECEMBER 2014

  • Net sales: SEK 2,554.6 million (2,436.0)
  • Operating profit: SEK 251.2 million (127.7); operating margin: 9.8 per cent (5.2)
  • EBITA: SEK 266.5 million (190.0); EBITA margin: 10.4 per cent (7.8)
  • Profit after tax: SEK 199.8 million (70.4); earnings per share SEK 2.18 (0.76)

JANUARY – DECEMBER 2014

  • Net sales: SEK 9,213.7 million (8,165.0)
  • Operating profit: SEK 761.6 million (558.3); operating margin: 8.3 per cent (6.8)
  • EBITA: SEK 814.5 million (652.4); EBITA margin: 8.8 per cent (8.0)
  • Profit after tax: SEK 544.6 million (379.6); earnings per share: SEK 5.96 (4.11)
  • Net debt: SEK 1,262.0 million (1,323.6); net debt/EBITDA: 1.3 times (1.7)
  • Board of Directors’ proposed dividend: SEK 3.50/share (3.25)

Comments from President and CEO Tomas Carlsson:

– Operating profits for the fourth quarter and full-year 2014 are the highest in Sweco’s history. The quarter’s strong results are mainly due to the successful integration of Vectura, which added 1,200 new employees, and the positive trend for Sweco’s operations in Central Europe.

– We strengthened our market-leading position in infrastructure during the quarter. We have been entrusted with contributing our expertise to some of the largest infrastructure initiatives right now in the Nordic region. For example, Sweco will design two of the three first sections of Sweden’s first high-speed railway, modernise the Östfold Line in Norway, supervise for the extension of Helsinki’s underground metro, and design Stockholm’s new underground metro to Nacka. The total order value of these projects is nearly SEK 900 million.

– Overall, the market remains stable. The Swedish market is improving slowly but steadily. The Norwegian market is somewhat weakened but is being aided by government investments. The Finnish market remains challenging, while Central Europe is seeing some improvement.

For more information, please contact:

Tomas Carlsson, President and CEO, phone:  +46 8 695 66 60 +46 70 552 92 75 ,   tomas.carlsson@sweco.se 

Jonas Dahlberg, CFO, phone:  +46 8 695 63 32 +46 70 347 23 83 ,   jonas.dahlberg@sweco.se 

Åsa Barsness, Communications Director,  +46 8 695 66 40 / 46 70 382 36 86,   asa.barsness@sweco.se 

Sweco is the Nordic region’s leading consultancy for sustainable urban development. Our 9,000 engineers, architects and environmental experts develop value-creating solutions for our clients and for society. Sweco is among the ten largest consulting engineering companies in Europe and annually conducts projects in 80 countries throughout the world. The company has yearly sales of approximately SEK 9 billion and is listed on Nasdaq Stockholm.

Sweco is required to disclose the above information under the provisions of the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 12 February 2015 at 07:20 CET.

About Us

Sweco plans and designs the communities and cities of the future. Our work produces sustainable buildings, efficient infrastructure and access to electricity and clean water. With 14,500 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 16.0 billion (EUR 1.7 billion) (pro forma 2015). The company is listed on Nasdaq Stockholm.

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Operating profits for the fourth quarter and full-year 2014 are the highest in Sweco’s history. The quarter’s strong results are mainly due to the successful integration of Vectura, which added 1,200 new employees, and the positive trend for Sweco’s operations in Central Europe.
Tomas Carlsson, President and CEO