Interim report, January - March 2008

Turnover increased by 20 per cent to SEK 194.9 million (161.7)

Operating profit increased by 45 per cent to SEK 30.4 million (20.9)

Operating margin amounted to 15.6 per cent (12.9)

Profit after tax increased by 46 per cent to SEK 21.5 million (14.7)

Earnings per share increased by 45 per cent to SEK 1.99 (1.37)

Average number of employees increased by 10 per cent to 824 (750)  

 

 

Rejlers achieved its biggest profit for a single quarter. Profit improved by 45 per cent compared with last year thanks to an improved debiting ratio and positive price trends.

 

Demand for Rejlers' services remains high within all customer groups. In orders received there is no sign of a downturn in the state of the market.

 

The company currently employs around 850 staff at 41 offices in Sweden, Finland, Norway and Estonia. We are concentrating on recruitment and acquisitions. Two acquisitions in Finland and the acquisition of a minority holding in Norway so far this year have formed part of our acquisition strategy aimed at small and medium-sized companies.

 

We remain on course for our target of "at least 1,000 employees and 1 billion kronor in turnover in 2010".

 

 

Peter Rejler, President and CEO,                          Tel. +46 (0)70-602 34 24, E-mail: peter.rejler@rejlers.se

Kjell Sandin, CFO,                                               Tel. +46 (0)70-399 10 64, E-mail: kjell.sandin@rejlers.se