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Continued strong growth with solid profitability

July 17, 2012 | Interim report

April – June 2012

  • Net sales of SEK 1,943.1 million (1,506.7).
  • Operating profit of SEK 149.6 million (128.0).
  • Operating margin of 7.7 per cent (8.5).
  • Profit after tax of SEK 121.5 million (92.5) and earnings per share of SEK 1.32 (1.01).

January – june 2012

  • Net sales of SEK 3,852.7 million (2,927.4).
  • Operating profit of SEK 380.9 million (264.6).
  • Operating margin of 9.9 per cent (9.0).
  • Profit after tax of SEK 286.0 million (189.6) and earnings per share of SEK 3.11 (2.08).
  • Net debt of SEK 509.0 million (74.6).

Comments from CEO Mats Wäppling:

“Sweco continues to perform well. Operating profit for the first half of the year reached SEK 381 million, up by 44 per cent compared to the same period of last year. Operating margin was 9.9 per cent. The best business area was Sweco Sweden, which posted an operating margin of 11.4 per cent.

“We have maintained our growth trajectory with overall growth of 32 per cent for the first half of the year, of which 14 percent organic. The higher volumes are mainly attributable to organic growth in Sweden and Norway and the acquisition of FMC Group in Finland.

“Demand for our services rose during the quarter. Most areas of operation are expected to enjoy sustained strong development, but there are increasing signals of weaker development in certain segments.

“Today Sweco has around 7,700 employees. With a profitability and financial strength at the absolute top of the industry, we have excellent potential to continue growing both organically and through additional acquisitions. Our wide service offering and leading market position give us a solid platform for favourable long-term development.”

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