Rejlerkoncernen AB (publ) Year-end report 2007
For further information, please contact:
Peter Rejler, President and CEO Tel. +46 (0)70-602 34 24, E-mail: peter.rejler@rejlers.se
Kjell Sandin, CFO Tel. +46 (0)70-399 10 64, E-mail: kjell.sandin@rejlers.se
Fourth quarter
The full year
Proposed dividend
Statement from President and CEO Peter Rejler
In 2007, Rejlers saw its operating profit improve for the ninth consecutive year. The debiting ratio amounted to 79 per cent and is the primary reason for the year's excellent result. The trend during the fourth quarter appears positive both financially and in terms of actual business.
Orders received remain good. Rejlers has not noticed any weakening of the economy and is expecting the positive trend to continue during 2008. On the market our successes continue. In 2007, Rejlers Sweden was engaged in several major infrastructure projects in both Sweden and Finland.
Industry is our predominant customer in both Finland and Sweden. Rejlers' strong position within automation and electrical power is generating an increasing number of assignments. Construction and property has continuous strong demand.
The scope of energy activities involving nuclear power, wind power and reserve power also increased and is influenced by the society's focus on the environment. Rejlers Energitjänster stabilised during 2007 with good profitability and the development potential is immense on both the Finnish and Norwegian markets. The acquisition of 15 per cent of the shares in APAS Norway, whose activities include energy control of industrial processes, gives us a foothold in Norway and a number of interesting development opportunities.
I believe there are excellent future opportunities in Finland within infrastructure and energy, areas where there is a growing market. Within telecommunications, we are continuing to expand our activities with a high level of competence in both Sweden and Finland.
I expect continued expansion over the next few years. Our target of at least 1,000 employees and a turnover of SEK 1 billion by 2010 is within our grasp.
Rejlers is a Nordic group offering technical consultancy services in the fields of electrical engineering, energy, mechanical engineering, automation, IT and telecommunications. Rejlers shares are listed on the Nordic list of the OMX Nordic Exchange Stockholm.