Interim Report Rejlers AB January–September 2014

Third quarter
» Revenue increased by 16 per cent to SEK 366.5 million (316.5)
» Operating profit was SEK 2.5 million (11.2)
» The operating margin amounted to 0.7 per cent (3.5)
» Profit after tax was SEK 0.2 million (6.8)
» Earnings per share before dilution were SEK 0.02 (0.58)
» Diluted earnings per share were SEK 0.02 (0.58)

January–September
» Revenue increased by 19 per cent to SEK 1,247.4 million (1,049.8)
» Operating profit was SEK 16.1 million (55.6)
» The operating margin amounted to 1.3 per cent (5.3)
» Profit after tax was SEK 9.2 million (43.3)
» Earnings per share before dilution were SEK 0.76 (3.80)
» Diluted earnings per share were SEK 0.75 (3.80)


Statement from President and CEO Peter Rejler
Compared to last year, Rejlers showed growth of 16 per cent over the quarter, of which 2 per cent came through organic growth. During the third quarter, we have continued to focus on improving the efficiency and profitability of the Group. We have also increased our sales activities. We are seeing a general improvement in demand for our services on the infrastructure, energy and construction markets. In the industrial market, we can see an increased order intake during the late part of the quarter.

The results for the third quarter can be primarily explained by project losses in Norway and the restructuring of the Norwegian operations. We are continuing to monitor operations.

Despite the weak economy in Finland, there has been an improvement in profits for the operations there. This improvement in profit is largely explained by a rise in the volume of orders. We see good opportunities for continued growth in the Infrastructure and Energy areas, and we have won new industry assignments despite tough competition in the market.

I am now once again acting as general President for operations in Sweden. We are seeing positive development in Sweden, with growth in profitable areas.

Rejlers has carried out some work on its strategy, which has resulted in new targets for 2020. Our new growth target is ‘2020–3030–4040’. By 2020, we will have at least 3,030 employees and revenue of at least SEK 4,040 million. We will reach this target by achieving growth of around 15 per cent per year in terms of revenue and 10 per cent in terms of the number of employees – both organically and via acquisitions. We have returned to our long-term financial target of an operating margin of at least 8 per cent. This is the right level for the market conditions and for Rejlers’ current growth plans. We will achieve our targets by being the most successful and healthy company in our industry in the Nordic region. Our specialised engineering expertise within our customer areas allows us to occupy a unique position, one that makes us competitive in the industry.


For more information please contact:
Peter Rejler, President and CEO, tel. +46 (0)70 602 34 24, e-mail: peter.rejler@rejlers.se
Mikael Lingefelt, acting CFO, tel. +46 (0)70 929 09 55, e-mail: mikael.lingefelt@rejlers.se

Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,800 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2013, Rejlers had revenue of approx. SEK 1.5 billion and its Class B share is listed on the Nordic list of Nasdaq OMX.