Continued growth
First half-year
- Revenue totalled SEK 664.8 million (573.4), an increase of 16 per cent
- Operating profit was SEK 49.6 million (51.9)
- Operating margin amounted to 7.5 per cent (9.0)
- Profit after tax was SEK 36.1 million (35.4)
- Earnings per share were SEK 3.19 (3.13)
Second quarter
- Revenue totalled SEK 335.4 million (296.6), an increase of 13 per cent
- Operating profit was SEK 17.9 million (24.3)
- Operating margin amounted to 5.3 per cent (8.2)
- Profit after tax was SEK 13.0 million (17.4)
- Earnings per share were SEK 1.15 (1.54)
Statement from President and CEO Eva Nygren:
In the first half of 2012, Rejlers has seen a positive order inflow and growth within all segments. The Group experienced growth of 16 per cent, of which three quarters was organic growth. The market prospects are mainly positive, but weak economic development in Europe is affecting parts of the operations. The market climate in Finland is improving but still remains slightly weaker than in Sweden and Norway.
Swedish operations have continued to see stable organic growth in the region of 14 per cent. In Norway, operations are experiencing positive growth, both organically and through acquisitions within energy and telecommunications. Finland has achieved the most growth, with a 27 per cent increase in revenue, primarily through the acquisition of operations from Ramboell. Increased demand for our services, primarily within energy, has contributed to the much improved operating profit in Finland.
Rejlers' profit for the quarter was affected by non-recurring costs incurred for the conference that will be held in August. All employees are invited to take part and this is an important initiative in terms of employee development and brand development for continued consolidation and growth.
During my first three months as CEO, I have encountered a solid company with a strong corporate culture, great commitment and high-level expertise. Rejlers has great potential to continue its development and achieve the goals set for 2015.
For further information, please contact:
Eva Nygren, President and CEO, tel. +46 (0)73 412 66 60, e-mail: eva.nygren@rejlers.se (mailto:eva.nygren@rejlers.se)
Lars Solin, Vice President and CFO, tel. +46 (0)73 386 15 20, e-mail: lars.solin@rejlers.se (mailto:lars.solin@rejlers.se)
Rejlers is a Nordic group offering technical consultancy services in the fields of electrical engineering, energy, mechanical engineering, automation, electronics, IT and telecommunications. Rejlers' shares are listed on the Nasdaq OMX Nordic Exchange.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Rejlers via Thomson Reuters ONE
