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Interim report on Q4 and full-year summary 2023 – Focus on profitability

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The fourth quarter continued to be characterised by market uncertainty, which affected the utilisation rate. At the same time, there are significant needs in areas such as energy, defence, industry and urban development relating to the expansion of infrastructure and the green transition. To strengthen profitability, strong measures were taken during the quarter to adapt to the prevailing market conditions and to increase efficiency.

Fourth quarter, 1 October–31 December 2023

  • Net revenue totalled SEK 231.0 million (251.9)
  • EBITA was SEK 6.0 million (16.4) and the EBITA margin was 2.6 percent (6.5)
  • A cost of SEK 6.1 million was booked during the quarter relating to the vacating of offices and the making of staff capacity adjustments
  • EBIT totalled SEK 4.0 million (14.4) and the operating margin was 1.7 percent (5.7)
  • Profit for the period totalled SEK 1.7 million (9.4)
  • Earnings per share for the period amounted to SEK 0.07 (0.39); there is no dilution effect
  • The underlying EBITA and EBITA margin, i.e. excluding costs relating to the vacating of offices and costs for staff capacity adjustments, amounted to SEK 12.1 million (16,4) and 5.3 percent (6,5) respectively

Period 1 January–31 December 2023

  • Net revenue totalled SEK 882.3 million (928.8)
  • EBITA was SEK 4.6 million (45.9) and the EBITA margin was 0.5 percent (4.9)
  • A settlement agreement regarding a dispute relating to Soleed Sweden AB (wound up in 2016) affected revenue and EBITA for the period by SEK –5.2 million
  • A cost of SEK 23.9 million was booked during the period relating to the vacating of offices and the making of staff capacity adjustments
  • EBIT totalled SEK –3.2 million (38.1) and the operating margin was –0.4 percent (4.1)
  • Profit for the period totalled SEK –11.4 million (22.4)
  • Earnings per share for the period amounted to SEK –0.47 (0.93); there is no dilution effect
  • The underlying EBITA and EBITA margin, i.e. excluding costs relating to the vacating of offices and costs for staff capacity adjustments, and a settlement agreement regarding a dispute, amounted to SEK 33.7 million (45,9) and 3.8 percent (4,9) respectively
  • The Board proposes a dividend of SEK 0 (0.40) per share

You will find the full report here.

Webcasted presentation:

At 09.00 CET 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.pe.se/en/ir/financial-reports/

For further information please contact:

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

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 PERSONS, AT 07:30 CET 9 FEBRUARY 2024.

This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.

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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