Interim Report Rejlers AB January – March 2019

January - March

  • Net sales increased to SEK 610.4 million (603.2)
  • Organic sales growth excluding exchange rate fluctuations amounted to -0.4% (-1.7)
  • EBITA increased to SEK 38.7 million (8.1) including impact from IFRS 16 Leasing of SEK 0.6 million and the EBITA margin increased to 6.3% (1.3)
  • Operating profit (EBIT) increased to SEK 35.5 million (5.1) and the operating margin was 5.8% (0.8)
  • Profit after tax increased to SEK 28.2 million (1.5), including an impact from IFRS 16 Leasing of SEK -0.7 million
  • Earnings per share before and after dilution were SEK 1.55 (0.07)
  • Cash flow from operating activities totalled SEK 63.7 million (70.7)
  • Total cost of restructuring measures was SEK 0.0 million (13.4)
  • The board proposes that the AGM approve a dividend of SEK 1 per share (0.50)

Statement by the President and CEO

“For more than one year, we have deliberately downsized the operations with the aim of creating a more efficient and more profitable Rejlers that lets us achieve our full potential. During the first quarter, our sales stabilised and we noted a small growth. In parallel, we see a good development for earnings and margins all three segments, where we made major changes in the past year. With the launch of a new strategy and vision in the second quarter of the year, we are continuing to build the new Rejlers”, 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
Anna Jennehov, CFO, +46 (0)73-074 06 70, anna.jennehov@rejlers.se

This information is such that Rejlers AB (publ) is obliged by the EU market abuse directive to publish. The information was submitted through the care of the contact person above for publication on 3 May 2019 at 13:00 CET.

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 70 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 2.4 billion in 2018 and its class B share is listed on Nasdaq Stockholm.

About Us

Rejlers is one of the leading engineering consultancy firms in the Nordic region. With our vision “Home of the learning minds” as a beacon, we create a platform for continuous learning, development and growth. Increased learning that creates added value for both customers and employees. We have nearly 2400 dedicated experts with cutting-edge expertise in technology areas such as energy, industry, infrastructure, real estate and telecom. We are close to our customers and are represented in Sweden, Finland, Norway and the United Arab Emirates. In 2019, the company had a turnover of 2.6 billion SEK and its class B share is listed on Nasdaq Stockholm.