SWECO reports further profitability growth

• Operating profit more than doubled to SEK 115.3 million (52.2) • Operating margin was 12.0 per cent (6.4) • Net sales were up by 17 per cent to SEK 959 million (820) • Profit before tax totalled SEK 117.7 million (60.3) • Profit after tax reached SEK 82.4 million (42.3), equal to SEK 4.74 (2.41) per share Comments from the CEO, Wigon Thuresson: – Profitability has continued to rise. A late Easter holiday meant that the first quarter contained more hours than the corresponding period of last year. Even excluding these hours, we have succeeded in delivering impressive earnings growth. – We have further advanced our market positions, above all in the Nordic region but also in the international arena. Through the acquisition of Finland’s leading project management consultancy, CM-Urakointi, we have supplemented our existing operations in the country while at the same time strengthening our platform for eastward expansion. – In view of our strong position and continued robust demand for the majority of SWECO’s services, the outlook for the remainder of 2006 is bright.