Higher growth in an increasingly strong market

April – June 2011

• Net sales of SEK 1,506.7 million (1,365.5).
• Operating profit of SEK 128.0 million (112.2).
• Operating margin of 8.5 per cent (8.2).
• Profit after tax of SEK 92.5 million (82.5) and earnings per share of SEK 1.01 (0.91).

January – June 2011

• Net sales of SEK 2,927.4 million (2,704.5).
• Operating profit of SEK 264.6 million (234.6).
• Operating margin of 9.0 per cent (8.7).
• Profit after tax of SEK 189.6 million (169,1) and earnings per share of SEK 2.08 (1.88).
• Strong financial position with a net liability of SEK 74.6 million (net receivable of SEK 34.6 million).

Comments from CEO Mats Wäppling:

“Operating profit for the first half of the year rose to SEK 265 million and operating margin was 9 per cent. Sweco Sweden posted continued robust earnings and reported an operating margin of more than 12 per cent.

“We are seeing an increasingly strong market with better conditions for growth. This is particularly true in Sweden, where our business has grown by 14 per cent during the first half of the. So far this year, we have acquired operations in Sweden, Norway, Poland, Russia and Slovakia with a total of 430 employees. Sweco now has around 6,000 employees and the goal is to achieve sustained profitable growth, both organically and through acquisitions.

“In Finland, the tangible results of an improved market for our industrial consultants are visible in the form of several large new contracts. Order intake in the Baltics is also showing continued improvement. However, the national financial crises in Europe are giving rise to uncertainty about market development in general.

“Sweco’s healthy finances, wide service offering and leading market positions in several important growth segments give us an excellent platform for favourable long-term development.”