Interim report Rejlers AB January–September 2013

Strong growth within the Nordic infrastructure

Third quarter

» Revenue increased by 13 per cent to SEK 316.5 million (279.3)
» Operating profit was SEK 11.2 million (5.8)
» The operating margin amounted to 3.5 per cent (2.1)
» Profit after tax was SEK 6.8 million (4.3)
» Earnings per share were SEK 0.58 (0.38)

January–September

» Revenue totalled SEK 1,049.8 million (944.1), an increase of 11 per cent
» Operating profit was SEK 55.6 million (55.4)
» The operating margin amounted to 5.3 per cent (5.9)
» Profit after tax was SEK 43.3 million (40.4)
» Earnings per share were SEK 3.80 (3.57)

Statement from President and CEO Eva Nygren  

Rejlers' growth during the quarter was 13 per cent compared to last year, of which more than half through acquisitions. Operating profit amounted to SEK 11.2 million (5.8). The operating margin was 3.5 per cent (2.1).     

It is positive that the Sweden/Norway segment has experienced strong growth with improved profitability during the quarter. Our business operations within railways and telecommunications account for the majority of the growth. There is still a good market here for Rejlers, across the whole Nordic region. Major public infrastructure investments are planned in Sweden, Finland and Norway, and we are linking new core competence to the company. The latest acquisition of Railconsult has taken us into the Nordic transport market and continues to expand our competency in the Nordic region.

The Energy area continues to develop positively, with an increase in assignments within a number of significant areas for Rejlers. The demand for Building and property-related services continues to be good in the major conurbations. The weak market position within Industry in Finland remains unchanged. We have also seen a continued weakening within certain areas of the industry in Sweden during the third quarter, which has also affected profits and key ratios.

The acquisition of the company Sähköinsinööritoimisto Matti Leppä with 20 employees strengthens Rejlers' expertise in the fields of Building and Property. The acquisition is consistent with Rejlers' strategy to have a balanced customer base and it gives us a stronger position in the growing cities in Finland.

During the year, the Norwegian operations have been strengthened by the acquisition of Omega Elkraft and Railconsult. We will also acquire Rejlers Consulting (formerly Nettkonsult) on 1 January 2014. Taken together, this constitutes a stable basis for Rejlers' continued expansion in the Nordic market.  

For further information, please contact:
Eva Nygren, President and CEO, tel. +46 (0)73 412 66 60, e-mail: eva.nygren@rejlers.se
Eva K Nygren, CFO, tel. +46 (0)73 412 59 60, e-mail: eva.k.nygren@rejlers.se

Rejlers is one of the largest engineering consultants in the Nordic region. Our 1,600 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We continue to grow rapidly and our activities are spread across 70 locations in Sweden, Finland, Norway and Russia. Rejlers has revenue of approx. SEK 1.3 billion and its B-shares are listed on the Nordic list of Nasdaq OMX.

The information in this interim report is that which Rejlers AB is required to publish in compliance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was released for publication on 1 November 2013 at 8.00 am.