English

Interim Report January – September 2018

Report this content

Action programme delivers results

Third quarter

  • Net sales amounted to SEK 515.5 million (542.9)
  • EBITA amounted to SEK 17.5 million (3.5) and the EBITA margin was 3.4% (0.6)
  • Operating profit (EBIT) amounted to SEK 14.6 million (0.5) and the operating margin was 2.8% (0.1)
  • Profit after tax was SEK 13.4 million (-5.7)
  • Earnings per share before and after dilution were SEK 0.73 (-0.37)
  • Cash flow from operating activities totalled SEK -34.6 million (-35.0)
  • Total cost of restructuring measures was SEK 0.0 million (0.0)

January - September

  • Net sales amounted to SEK 1,721.0 million (1,794.0)
  • EBITA (adjusted) amounted to SEK 62.1 million (37.3) and the adjusted EBITA margin amounted to 3.6% (2.1)
  • Operating profit (EBIT) amounted to SEK 4.3 million (15.8) and the operating margin was 0.2% (0.9)
  • Profit after tax was SEK -1.3 million (5.0)
  • Earnings per share before and after dilution were SEK -0.13 (0.33)
  • Cash flow from operating activities totalled SEK 35.0 million (-61.2)
  • Total cost of restructuring measures was SEK 53.4 million (12.2)

 

Statement by the President and CEO

“It is gratifying to see that the structural changes and efficiency measures that we implemented during the year are beginning to bear fruit in terms of positive effects on both our business and our results. The first stage of our transition has been successfully navigated and our journey of change to achieve our full potential is continuing. Rejlers Finland developed strongly during the third quarter and has shown further positive organic growth. The reorganisation in Sweden has resulted in the business now being based around industries and customer segments, rather than regions, which over time will lead to a more customer-led Rejlers. The merger of our Norwegian operations gives us an opportunity to focus on the areas where we see the greatest potential for growth in the future. Overall, we now have a more stable platform and a clear organisation to gradually strengthen both our market position and our profitability”, says Viktor Svensson, President and CEO, Rejlers AB.

For further information, please contact:

Viktor Svensson, President and CEO, +46 (0)70 657 20 26, viktor.svensson@rejlers.se 
Mikael Lingefelt, acting CFO, +46 (0)70 929 09 55, mikael.lingefelt@rejlers.se

The information in this interim report is such that Rejlers AB (publ) is obliged to publish under the EU Market Abuse Directive and the Swedish Securities Market Act. The information was submitted by the abovementioned contact person for publication on 25 October 2018 at 08.00 CET. This report is also available in Swedish. The English version is a translation of the Swedish original. If there are any differences, the Swedish version takes precedence.

Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,000 experts work with projects in the areas of Energy, Buildings, Industry, Infrastructure and Telecom. At Rejlers, you will meet specialist engineers with the knowledge, cutting edge expertise and energy to achieve results. We can be found in 75 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 2.5 billion in 2017 and its class B share is listed on Nasdaq Stockholm.

Subscribe

Documents & Links