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SWECO AB (publ) Interim report January-March 2015

May 7, 2015 | Interim report

Improved profit and higher billing ratio

JANUARY – MARCH 2015

  • Net sales: SEK 2,465.4 million (2,321.7)
  • Operating profit: SEK 216.2 million (211.6); operating margin: 8.8 per cent (9.1)
  • EBITA: SEK 228.5 million (225.0); EBITA margin: 9.3 per cent (9.7)
  • Profit after tax: SEK 160.2 million (143.9); earnings per share: SEK 1.76 (1.57)
  • Net debt: SEK 1,252.4 million (1,218.6)

Comments from President and CEO Tomas Carlsson:

  • Operating profit increased year-on-year, due primarily to an improved billing ratio and notwithstanding negative calendar effects. Sweco Sweden in particular performed strongly this quarter, with increased operating profit and a higher operating margin.
  • The market is still improving overall, albeit unevenly among our submarkets. The Swedish market is improving steadily, particularly within infrastructure and the construction and real estate sector. The Norwegian market is aided by growing public investments, but negatively impacted by falling oil prices. Markets in Central Europe have stabilised, while the market in Finland remains challenging.
  • Sweco Norway signed its largest-ever transport infrastructure contract during the quarter, covering the modernisation of the Dovre-line between Oslo and Hamar. After the close of the quarter, Sweco Finland was commissioned by Metsä Fibre to design the world’s most modern bioproduct plant, the Finnish forest industry’s largest investment to date.
  • Sweco was ranked the second-most ideal employer among Swedish engineering students in Universum’s Company Barometer survey. Sweco retained its position as industry leader in the same survey.

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