Rejlers reports preliminary results
2014-01-30
Fourth-quarter earnings are affected more than expected by measures taken to liquidate and restructure unprofitable operations. In addition, operations in parts of the industry had a declining capacity utilization during the quarter. Consequently, there is a sharp decrease in profit for the fourth quarter of 2013 compared to last year. Operating profit for the full year 2013 is estimated at between SEK 65 and 70 million.
We have conducted a strategic review of the business during the year to create opportunities for continued growth and increased profitability. This has resulted in restructuring to adapt the organization to current market conditions. We are continually working to adjust our cost base.
Revenue for the quarter shows a continued growth. We see a strong demand for our services in the Nordic countries in the areas of energy and infrastructure. Demand for building related services in metropolitan areas is also positive. The industry market is more difficult to predict, especially in Finland, but is expected to improve in Sweden.
Rejlers year-end and fourth quarter results 2013 will be published in full as previously announced on February 7, 2014 at 08.00 am. The year-end report will be followed up with a telephone conference. Information about this will be provided in a press release shortly.
The results are still preliminary and have not been reviewed by the auditor.
For further information:
Eva Nygren; President and CEO, +46 73 412 66 60, e-mail: eva.nygren@rejlers.se
Eva K Nygren; CFO, +46 73 412 59 60, e-mail: eva.k.nygren@rejlers.se
