Continued growth but lower earnings

Projektengagemang continued to experience growth during the first quarter of 2019. Net revenue increased by 21 percent and is entirely driven by acquisitions. The EBITA margin for the quarter totalled 4 percent, which is a decline compared with the previous year and falls short of our expectations.

First quarter, 1 January – 31 March 2019 

  • Net revenue totalled SEK 370.4 million (307.1), an increase of 21 percent
  • EBITA amounted to SEK 13.6 million (29.7); with an EBITA margin of 3.7 (9.7) percent
  • EBIT amounted to SEK 13.4 million (28.8); with an EBIT margin of 3.6 (9.4) percent
  • Earnings for the period totalled SEK 8.2 million (22.2)
  • Basic and diluted earnings per share totalled SEK 0.33 (0.90)
  • Mats & Arne Arkitektkontor AB was acquired during the period, with estimated annual revenue of just over SEK 20 million
  • During the period, Helena Liljegren took over as Head of the Architecture & Management division
  • Kjell-Åke Johansson took on the role of Head of the Systems division in Q1
  • Nicke Rydgren was appointed Chief Commercial Officer in the first quarter, a role that combines marketing and acquisitions with strategy and business development

You will find the full report here.

Webcasted conference call:
At 09:00 on the report issue date, the Company will host a webcasted conference call, with CEO Per Hedebäck and CFO Peter Sandberg presenting the report. The presentation will be conducted in English and can be followed via webcast and telephone. 

Link to the webcast: http://www.financialhearings.com/event/11826

Numbers to the conference call:
SE: +46 856 642 695
UK: +44 333 300 9271

THIS INFORMATION IS INFORMATION THAT PROJEKTENGAGEMANG SWEDEN AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THIS INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON, AT 07:30 CET 7 MAY 2019.

For further information visit the Company website www.pe.se or contact:
Per Hedebäck, CEO
Phone: +46 10‐516 00 00
E-mail: per.hedeback@pe.se

Peter Sandberg, CFO 
Mobile: +46 10-516 03 67
E-mail: peter.sandberg@pe.se

Krister Lindgren, IR Director
Mobile: +46 72 715 06 50
E-mail: krister.lindgren@pe.se

About Projektengagemang
PE employs approximately one thousand architects, engineers, project managers and specialists. Together we create value for our customers – and for society at large. We are present in over 35 locations and offer solutions that work here and now and for future generations. We create for life. Learn more at www.pe.se.

About Us

PE is one of Sweden’s leading engineering and architecture consulting firms. As urban planners, we create innovative and sustainable solutions shaping the development of cities, infrastructure and industry. We are represented throughout Sweden, and in 2018 we generated sales of just over SEK 1.2 billion. PE was founded in 2006 and is listed on Nasdaq Stockholm. Find out more at www.pe.se.

Subscribe

Documents & Links