SWECO AB (publ) Year-end report 2007

Powerful growth and improved earnings

• Operating profit improved by 20 per cent to SEK 432.5 million (361.9).

• Operating margin was 9.5 per cent (9.3).

• Net sales increased by 17 per cent to SEK 4,569.5 million (3,894.7).

• Profit before tax was SEK 425.7 million (364.4).

• Profit after tax was SEK 303.3 million (258.3), equal to earnings per share of SEK 3.53 (3.00).

• The Board proposes a dividend of SEK 2.00 (1.50) per share.


Comments from CEO Mats Wäppling:

“SWECO is continuing to grow with strong profitability and 2007 was company’s best year on record.

“The general economy has been buoyant and all units are benefiting from favourable market conditions. SWECO’s special expertise in climate-related issues and sustainable development is attracting particularly keen interest.

“We have advanced our positions in both existing and new markets. In Norway our operations have expanded by 24 percent and the latest acquisitions have made us one of the countries largest engineering consultancies, with around 800 employees. We have also grown dramatically in Central and Eastern Europe, among other things through acquisitions in the Czech Republic, Estonia and Lithuania. SWECO currently has some 950 employees and an excellent order intake in these markets.

“The current climate of economic uncertainty has not had any negative impact on demand for our services. SWECO’s healthy finances and leading market positions in areas like water and environment, infrastructure and energy provide a solid platform for our positive long-term development.”