Continued positive development

April – June 2018

• Net sales increased to SEK 4,916 million (4,262)
• EBITA increased to SEK 464 million (312), margin 9.4 per cent (7.3)
• EBIT increased to SEK 443 million (299), margin 9.0 per cent (7.0)
• Profit after tax increased to SEK 329 million (225), corresponding to SEK 2.77 per share (1.88)

January – June 2018

• Net sales increased to SEK 9,544 million (8,670)
• EBITA increased to SEK 873 million (807), margin 9.1 per cent (9.3)
• EBIT increased to SEK 835 million (776), margin 8.7 per cent (8.9)
• Profit after tax increased to SEK 627 million (585), corresponding to SEK 5.27 per share (4.89)
• Net debt increased to SEK 2,685 million (2,064)
• Net debt/EBITDA increased to 1.5 times (1.2)

Comments from President and CEO Åsa Bergman:

Sweco’s positive development continued during the second quarter. EBITA increased approximately SEK 79 million and organic growth increased to 7 per cent, when adjusting for calendar effect. The growth was supported by a strong order back log and an increased number of employees. Reported numbers nominally show a larger improvement, as the second quarter was positively impacted by 10 more working hours compared with last year, having a positive effect on net sales and EBITA of approximately SEK 73 million.

On Business Area level, the positive development in the Netherlands and Denmark continued and were the main contributors of increased EBITA during the quarter, when adjusting for calendar effect. Organic growth was particularly strong in Western Europe, the Netherlands and Norway.

Our strategic direction remains firm. Sweco designs the communities and cities of the future. We are the European market leader, with strong customer relationships, highly motivated employees and a strong financial position. We will continue to strengthen our European leadership through organic growth and acquisitions in Northern Europe. Our operating model is based on decentralised responsibility, combining customer focus, internal efficiency and having the best people in the business.

Overall, the market for Sweco’s services is good and continues to develop positively, with increased investments on the back of a solid economic development in Northern Europe.