Rejlers' Interim Report, January-September 2009

 

Turnover was SEK 567.1 million (572.3)

Operating profit was SEK 31.5 million (75.4)

Operating margin amounted to 5.6 per cent (13.2)

Profit after tax was SEK 22.5 million (54.2)

Earnings per share were SEK 2.08 (5.02)

 

Turnover was SEK 161.8 million (172.0)

Operating profit was SEK 5.9 million (21.2)

Operating margin amounted to 3.6 per cent (12.3)

Profit after tax was SEK 4.2 million (15.4)

Earnings per share were SEK 0.39 (1.42)

 

Energy, Infrastructure and Construction and Property are durable, profitable customer groups that account for a large proportion of the Group's assignments. Demand for consultancy services from these customer groups has remained good during the third quarter.

 

In our fourth client segment, Industry the market situation remained weak during the quarter. There are signs of improvement within some parts of industry, however, such as the mining and steel industries and the paper and pulp industries. The demand situation is plagued by great uncertainty, although our assessment is that the worst years are behind us and a slow improvement can be expected.

 

During the quarter, we received a commission within Infrastructure to plan all the technical systems for the Masmolänken, a four-lane road tunnel. Within Industry we received an order from one of the largest engineering companies in Sweden which involves productivity and quality improvements in their production equipment. We have entered into a key framework agreement with Fortum Power and Heat Oy resulting in broader cooperation with the company with regard to Rejlers' consultancy services.

 

Rejlers' ambition is to expand through organic growth and acquisitions in roughly equal measure, while retaining quality and good profitability over a business cycle. We have a good financial position and our broad customer base generates stability during fluctuations in business conditions. Our growth target remains the same.

 

 

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

Lars Solin, CFO, tel. +46 (0)73 386 15 20, e-mail: lars.solin@rejlers.se