Year-end Report Rejlers AB 2013

Fourth quarter
» Revenue increased by 7 per cent to SEK 414.9 million (388.6)
» Operating profit was SEK 10.4 million (24.1)
» Operating margin amounted to 2.5 per cent (6.2)
» Profit after tax was SEK 7.4 million (18.1)
» Earnings per share were SEK 0.65 (1.60)

January–December
» Revenue totalled SEK 1,464.7 million (1,332.7), an increase of 10 per cent
» Operating profit was SEK 66.0 million (79.4)
» Operating margin amounted to 4.5 per cent (6.0)
» Profit after tax was SEK 50.7 million (58.5)
» Earnings per share before dilution were SEK 4.45 (5.17)
» Diluted earnings per share were SEK 4.44 (5.17)
» The Board proposes a dividend of SEK 2.00 per share (3.00)

Statement from President and CEO Eva Nygren  

Performance in the fourth quarter has been affected by measures taken to discontinue and restructure unprofitable operations. Alongside this, the level of activity in some areas of industry in Sweden has been further weakened during the fourth quarter. We have carried out a strategic review of operations during the year in order to create opportunities for continued growth and greater profitability. This has led to restructuring so we can adapt the organisation to the current market conditions and we are working continuously to bring our cost basis into line.

It is very good news that Rejlers has shown growth of 10 per cent over the year, the majority of which was achieved through acquisitions. We have primarily grown in Norway and within our strategically important areas of Energy and Infrastructure. Also in Sweden these areas have done well and reported good profitability. We expect to see a continued good market within Energy and Infrastructure in 2014. There is also a continued demand within Building and property-related services in major urban areas. The situation is more varied within industry with a still weak market in Finland.

The new organisational structure in Norway came into being during the fourth quarter. All operations now fall under the company Rejlers Norway with Morten Thorkildsen as CEO. This organisation applies from January 2014 and from the first quarter onwards Norway will follow in Sweden and Finland’s footsteps by being reported as a separate segment.

We now have a clear and simple organisation in Sweden, Finland and Norway with 1,800 employees who support the development of our business within and between our Nordic countries. Together with our greater visibility, we have created a strong platform for continued growth and the conditions for greater profitability.

For further information, please contact:
Eva Nygren, President and CEO, tel. +46 (0)73 412 66 60, e-mail: eva.nygren@rejlers.se
Eva K Nygren, CFO, tel. +46 (0)73 412 59 60, e-mail: eva.k.nygren@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. We have specialist engineers with the breadth of knowledge, the cutting-edge expertise and, not least, the energy to produce the results you need. We are continuing to grow rapidly and we currently do business in 70 locations throughout Sweden, Finland, Norway and Russia. Rejlers has revenue of nearly SEK 1.5 billion and its Class B share is listed on the Nordic list of Nasdaq OMX.