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Interim report on Q2 2024 – Continuing positive earnings trend

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Projektengagemang Sweden AB (“PE”) achieved higher profitability in the second quarter compared to the same period in the previous year, despite the still challenging market environment. The EBITA margin increased to 7.4%, underpinned by our cost efficiency measures.

Second quarter, 1 April–30 June 2024

  • Net revenue totalled SEK 210.8 million (235.0)
  • The calendar effect on revenue for the quarter was SEK 7.7 million, as the period had two more working days than the same period in the previous year
  • EBITA was SEK 15.7 million (6.4) and the EBITA margin was 7.4 percent (2.7)
  • EBIT totalled SEK 15.6 million (4.5) and the operating margin was 7.4 percent (1.9)
  • Profit for the period totalled SEK 11.0 million (0.9)
  • Earnings per share for the period amounted to SEK 0.46 (0.04); there is no dilution effect

Period, 1 January–30 June 2024

  • Net revenue totalled SEK 429.0 million (480.8)
  • The calendar effect on revenue for the period was SEK 3.9 million, as the period had one working day more than the same period in the previous year
  • EBITA was SEK 33.9 million (19.1) and the EBITA margin was 7.9 percent (4.0)
  • EBIT totalled SEK 33.8 million (15.3) and the operating margin was 7.9 percent (3.2)
  • Profit for the period totalled SEK 23.3 million (7.1)
  • Earnings per share for the period amounted to SEK 0.97 (0.30); there is no dilution effect

You will find the full report here.

Webcasted presentation:
At 09.00 CEST a conference call will be held in which Liselotte Haglind, Acting CEO and President, will present the report. The presentation will be held in Swedish and will be followed by a question and answer session.

Link to the webcast:

https://ir.financialhearings.com/projektengagemang-q2-rapport-2024

For further information please contact:
Liselotte Haglind, Acting CEO and President
Mobile: +46 10-516 05 87
E-mail: liselotte.haglind@pe.se

This disclosure contains information that Projektengagemang is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 17-07-2024 07:30 CET.

About Projektengagemang
Projektengagemang is one of Sweden's leading consulting groups with a focus on buildings and their surrounding environments. The operational activities are conducted within the subsidiary PE Teknik & Arkitektur, which generates an annual turnover of approximately one billion Swedish kronor. As urban developers, PE Teknik & Arkitektur creates innovative and sustainable solutions that contribute to the development and renewal of society. Learn more at pe.se/ir.

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