Year-end report 2004

Dramatic growth in operating profit: - Operating profit up by 97 per cent to MSEK 191.0 (96.8) - Profit after net financial items up 70 per cent to MSEK 204.9 (120.5) - Profit after tax was MSEK 141.7 (83.8) - Earnings per share rose 49 per cent to SEK 8.40 (5.70) - Net sales increased by 42 per cent to MSEK 3,141.4 (2,211.4) - Operating margin strengthened to 6.1 per cent (4.4) - Operating profit for the fourth quarter was MSEK 66.5 (30.5) and operating margin was 7.6 per cent (4.7) - The Board proposes a dividend of SEK 4,00 per share (3.00), an increase of 33 per cent For additional information contact: Wigon Thuresson, Managing Director & CEO of SWECO, telephone +46 8 695 66 02, wigon.thuresson@sweco.se Bo Jansson, Chief Financial Officer of SWECO, telephone +46 8 695 66 06, bo.jansson@sweco.se