Rejlers' Year-end Report 2009

25 February 2010

A more stable market enables renewed growth

January-December

• Turnover was SEK 777 million (798)
• Operating profit was SEK 41 million (96)
• Operating margin amounted to 5.2 percent (12.0)
• Profit after tax was SEK 28 million (70)
• Earnings per share were SEK 2.61 (6.45)

Fourth quarter

• Turnover was SEK 210 million (225)
• Operating profit was SEK 9 million (21)
• Operating margin amounted to 4.3 percent (9.2)
• Profit after tax was SEK 5.7 million (15.5)
• Earnings per share were SEK 0.53 (1.43)

Proposed dividend

• The Board propose a dividend of SEK 1.50 per share (2.50), which means a total dividend amount of SEK 16.2 million (27.1)

Statement from Managing Director and CEO Peter Rejler
Demand continues to be good in several of our customer groups - Energy, Infrastructure, as well as Construction and property. These are sectors which constitute a significant part of our operations and where we have good, longstanding customer relations. The challenge we are facing is to continue to grow in these areas, both by recruiting employees and through acquisitions.

Those of our operations which serve industry are facing other challenges. We have adapted our operations in this area to the weaker demand and are broadening our customer base.

At the end of 2009 we acquired an energy service company in Finland at and have thereby achieved a strong position on the power measurement market in Sweden, Norway and Finland.

Rejlers managed to receive several new orders during the fourth quarter. These include an order for Areva GmbH, which is building a new nuclear reactor in Finland, where we are working with planning, control and consulting. Rejlers has also received an order from SL to design the power and channelization of the Spårväg City project, a tramway which will link together Stockholm's inner city. GE Healthcare has given Rejlers a commission as installation manager in a government healthcare project in Sao Paulo, Brazil.

We now leave 2009 behind, learn from the lessons and experiences we have had, and cast our gaze ahead. How do I see 2010? I start from the assumption that the worst is behind us. We are going to achieve our goal of at least 1,000 employees in 2010 and we will also reach a turnover of one billion within a couple of years.

Growth will be achieved as before, through acquisitions and organic growth in equal parts. Our vision for 2015 is that Rejlers will have at least 2,015 employees and a turnover of at least SEK 2,015 million, with an operating margin of at least 8 percent over time.

For further information, please contact:
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