Continued strong organic growth
First Quarter
» Revenue increased by 11 per cent to SEK 364.7 million (329.4)
» Operating profit was SEK 26.6 million (31.7)
» Operating margin amounted to 7.3 per cent (9.6)
» Profit after tax was SEK 24.1 million (23.1)
» Earnings per share were SEK 2.13 (2.04)
Statement from President and CEO Eva Nygren
Rejlers experienced positive development with new employees who want to work with us and customers who demand our services. We see a continued good market within Energy and Infrastructure in the Nordic region. We occupy a strong position here, with an increased inflow of orders and new business opportunities. This primarily applies within telecommunications and railways, where we have recently been given the assignment to contribute our expertise when the Swedish rail network is adapted for high-speed trains.
Building and property continues to do well, particularly in the growing conurbations in Oslo, Helsinki, Stockholm and Gothenburg. A weakening within Industry is most apparent in Finland.
Taking into account the calendar effect, Rejlers is reporting profits at the same level as last year. The best development has been in operations in the Sweden/Norway segment. This is where growth in the first quarter was almost 14 per cent, and profits have increased compared with last year. The recently implemented organisational changes in Sweden have resulted in positive effects with new business and increased cooperation between employees in Sweden and the Nordic region.
During the spring, Rejlers has worked intensively on the brand and has launched the communications concept Energized Engineering. We have created a new, common Nordic expression for communicating with customers and employees concerning the breadth, cutting edge and not least the energy that exists within the company. This is where continued work will result in greater knowledge of Rejlers in the market.
Our latest acquisition is Umeå Industri och Kraftkonsult AB. A company which, among other things, is strong within the growing mining industry in the Nordic region. The acquisition is a part of our growth strategy and we are well on the way towards achieving our long-term growth target 3X2015, which means that in 2015 we will have at least 2,015 employees and revenue of at least SEK 2,015 million. The growth strategy is firmly in place. Our new financial goal, to maintain an operating margin of at least 10 per cent over one business cycle, signals the significance of continued growth with profitability.
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)
Eva K Nygren, CFO, tel. +46 (0)73 412 59 60, e-mail: eva.k.nygren@rejlers.se (mailto:eva.k.nygren@rejlers.se)
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(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
