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SWECO AB (publ) Interim report January – June 2010

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Market stabilising, but with large variations

April – June 2010

  • Net sales of SEK 1,365.5 million (1,394,9).
  • Operating profit of SEK 112.2 million (117.5).
  • Operating margin of 8.2 per cent (8.4).
  • Profit after tax of SEK 82.5 million (78.9) and earnings
    per share of SEK 0.91 (0.89).

January – June 2010

  • Net sales of SEK 2,704.5 million (2,846.8).
  • Operating profit of SEK 234.6 million (283.7).
  • Operating margin of 8.7 per cent (10.0).
  • Profit after tax of SEK 169.1 million (207.1) and earnings
    per share of SEK 1.88 (2.35).
  • Strong financial position with a net receivable of SEK 34.6
    million (150.8).


Comments from CEO Mats Wäppling:

 “The market in general is continuing to stabilise, but with large variations. Earnings and sales for the second quarter were impacted by weak demand for certain industrial and building-related services. Operations in Sweden and Norway improved their operating margins for the quarter to 12.2 and 10.5 per cent, respectively.

 “In June Sweco acquired the Polish engineering consultancy Transprojekt Kraków. The acquisition is the second in Poland in a short span of time and is the next step in our long-term strategy to grow and reach a leading position in the infrastructure area in Central and Eastern Europe.

 “Sweco’s strong financial position and leading market positions in environment, energy and infrastructure provide an excellent platform for continued profitable growth, both organic and through additional acquisitions in both existing and new markets in Europe.”

For additional information contact:

 Mats Wäppling, President & CEO of Sweco
Telephone: +46 8 695 66 07 / Mobile +46 70 645 03 21 mats.wappling@sweco.se

 Bo Jansson, Vice President & CFO of Sweco
Telephone: +46 8 695 66 06 / Mobile: +46 73 412 66 06 bo.jansson@sweco.se

Sweco is an international consulting group with combined expertise in consulting engineering, environmental technology and architecture. Sweco has 5,200 employees in 11 countries and recorded annual sales of more than SEK 5.3 billion in 2009. The company has projects currently underway in some 90 countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.

The information contained herein is subject to the disclosure requirements of SWECO AB pursuant to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 20 July 2010, 08:30 CET. 

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