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Interim report Rejlers AB January – March 2023

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January – March

  • Net sales increased by 16.8% to SEK 991.5 million (849.1)
  • Organic sales amounted to 9.7% (18.4)
  • EBITA increased to SEK 90.1 million (76.4), and the EBITA margin increased to 9.1% (9.0), impacted by integration costs in connection with the acquisition of Eurocon and impairment of projects, SEK 10.0 million
  • Excluding non-recurring costs, EBITA increased to SEK 100.1 million and the margin increased to 10.1%
  • Operating profi t (EBIT) increased to SEK 70.8 million (60.2), impacted by acquisition expenses of SEK 6.7 million (5.6), with regard to the acquisition of Eurocon
  • Net profi t after tax increased to SEK 49.0 million (48.0)
  • Earnings per share before dilution increased to SEK 2.40 (2.38) and after dilution to SEK 2.38 (2.33)

Statement by the President and CEO

“Rejlers’ journey of improvement continues. In the first quarter of the year, we are showing a strong growth of 16.8 per cent, of which 9.7 per cent is organic growth. We are also reporting a new first-quarter record, with an EBITA of SEK 90.1 million (76.4). At the same time, the operating margin improved to 9.1 per cent (9.0). It is worth noting that SEK 10 million in non-recurring costs within Rejlers Sweden is charged to the profit for the quarter. These costs are attributable to future integration costs for our large acquisition of Eurocon and an impairment in a property-related project. Excluding this SEK 10 million of a non-recurring nature, EBITA increased to SEK 100.1 million and the EBITA margin increased to 10.1 per cent (9.0). Just as pleasing as the improved profitability is that our efforts to create the industry’s most attractive employer brand continue to yield results. In the first quarter, we had a net increase of around 100 consultants”, 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 information that Rejlers AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CEST on 20 April 2023

About Rejlers
Rejlers is one of the leading engineering consultancy firms in the Nordic region. With cutting-edge expertise, we help companies, public authorities and other organisations meet tomorrow's societal challenges. Our services are important building blocks for achieving a sustainable society. Founded in 1942, Rejlers success is built on the ability to constantly embrace new knowledge. Our vision "Home of the learning minds" guides us to continuous learning, development and growth. With operations in Sweden, Finland, Norway and the United Arab Emirates, Rejlers has around 3000 experts in technology areas such as energy, industry, infrastructure and real estate. In 2022, the company had a turnover of 3.5 billion SEK and its class B share is listed on Mid Cap, Nasdaq Stockholm. www.rejlers.com

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