Improved market and continued positive development

January – March 2011

• Net sales of SEK 1,420.7 million (1,339.0).
• Operating profit of SEK 136.6 million (122.4).
• Operating margin of 9.6 per cent (9.1).
• Profit after tax of SEK 97.1 million (86.6) and earnings
  per share of SEK 1.07 (0.97).
• Strong financial position, net receivable of SEK 192.0 million (318.2).

Comments from CEO Mats Wäppling:

“Sweco’s operating profit increased to SEK 137 million with a total operating margin of 9.6 per cent. The Swedish operations improved their operating profit by 24 per cent and achieved an operating margin of over 12 per cent. Growth in Sweden in the first quarter was 13 per cent.

“Following a period of slow recovery, the market is now gaining momentum and opportunities for growth have improved considerably. There are still major variations, however, between our different markets. Above all, increased demand can be noted for building-related services in Sweden. In Finland, the market for our industrial consultants continues to improve and rising order bookings can be noted in the Baltic countries.

“So far this year we have acquired operations with a total of approximately 380 people. Acquisitions after the end of the period included two Russian operations in the transport sector and we now have approximately 360 consultants in Russia. Today Sweco has a total of approximately 1,300 employees in Eastern Europe and Russia.

“We are well placed for continued growth with profitability in an improved market. A strong financial position, leading market positions within several key growth areas and a broad range of services guarantee stable, long-term development.”