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SWECO reports further profitability growth

April 24, 2006 | Press release

• 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.

Attached information

Anna Elisabeth Olsson

Head of Press and Public Affairs