SWECO AB (publ) Interim report January – June 2008

Continued strong growth in earnings

• Operating profit improved by 39 per cent to SEK 335.0 million (240.4).

• Operating margin was 11.9 per cent (10.4).

• Net sales increased by 22 per cent to SEK 2,803.7 million (2,302.7).

• Profit before tax was SEK 329.1 million (238.6).

• Profit after tax was SEK 236.3 million (166.4), equal to earnings per share of SEK 2.76 (1.91).

Comments from CEO Mats Wäppling:

“Sweco performed well in the first half of 2008 and delivered continued growth in both earnings and margins. Operating margin rose to 11.9 per cent. The most significant improvement was seen in Norway, where operating profit nearly doubled.

Development in the long-term growth areas of infrastructure, energy and environment remains very positive in all of Sweco’s markets. In particular, there is a growing interest in Sweco’s special expertise in climate-related issues and sustainable development. The current climate of economic uncertainty has not had any appreciable impact on demand for our services.

We are working with a sustained focus on the emerging markets of Central and Eastern Europe. In Russia Sweco acquired the remaining shares in the water and environmental consulting company Lenvodokanalproekt and in Bulgaria we acquired the country’s leading energy consultancy Energoproekt Hydropower.

Sweco’s healthy finances and leading market positions in areas like water and environment, infrastructure and energy provide a solid platform for robust long-term development.”