• Operating profit more than doubled to SEK 115.3 million (52.2)
• Operating margin was 12.0 per cent (6.4)
• Net sales were up by 17 per cent to SEK 959 million (820)
• Profit before tax totalled SEK 117.7 million (60.3)
• Profit after tax reached SEK 82.4 million (42.3), equal to SEK 4.74
(2.41) per share

Comments from the CEO, Wigon Thuresson:

– Profitability has continued to rise. A late Easter holiday meant that the first quarter contained more hours than the corresponding period of last year. Even excluding these hours, we have succeeded in delivering impressive earnings growth.

– We have further advanced our market positions, above all in the Nordic region but also in the international arena. Through the acquisition of Finland’s leading project management consultancy, CM-Urakointi, we have supplemented our existing operations in the country while at the same time strengthening our platform for eastward expansion.

– In view of our strong position and continued robust demand for the majority of SWECO’s services, the outlook for the remainder of 2006 is bright.