Investors

Year-end report Rejlers AB January – December 2019

October - December 2019

  • Net sales increased by 17.5% to SEK 756.8 million (644.2)
  • Organic sales growth excluding exchange rate fluctuations amounted to 8.4% (-6.5)
  • EBITA increased to SEK 40.4 million (35.4) including impact from IFRS 16 Leases of SEK 2.2 million and the EBITA margin increased to 5.4% (5.5)
  • A three-day strike in Finland negatively impacted EBITA by SEK 4.2 million
  • Operating profit (EBIT) amounted to SEK 23.3 million (31.8) and the operating margin was 3.1 per cent (5.0)
  • EBIT was impacted by acquisition expenses of SEK 10.2 million
  • Profit after tax increased to SEK 20.5 million (17.5), including an impact from IFRS 16 Leases of SEK 0.1 million
  • Earnings per share before dilution amounted to SEK 1.04 (0.98) and after dilution to SEK 1.03 (0.98)
  • Cash flow from operating activities totalled SEK 40.8 million (88.1)
  • A direct share issue of SEK 154 million was carried out for the financing of the acquisition from Neste
  • The Board proposes a dividend of SEK 2.25 per share (1.00)

January – December 2019

  • Net sales increased by 8.1% to SEK 2,557.1 million (2,365.2)
  • Organic sales growth excluding exchange rate fluctuations amounted to 8.2% (-4.3)
  • EBITA increased to SEK 138.0 million (44.1) including impact from IFRS 16 Leasing of SEK 3.3 million and the EBITA margin increased to 5.4% (1.9)
  • Last year’s restructuring costs amounted to SEK 53.4 million
  • A three-day strike in Finland negatively impacted EBITA by SEK 4.2 million
  • Operating profit (EBIT) increased to SEK 103.5 million (36.1) and the operating margin was 4.0% (1.5)
  • EBIT was impacted by acquisition expenses of SEK 15.6 million
  • Profit after tax increased to SEK 77.6 million (16.2), including a negative impact from IFRS 16 Leases of SEK -1.6 million
  • Earnings per share before dilution amounted to SEK 4.19 (0.85) and after dilution to SEK 4.16 (0.85)
  • Cash flow from operating activities totalled SEK 146.6 million (123.1)
  • A direct share issue of SEK 154 million was carried out for the financing of the acquisition from Neste

Statement by the President and CEO

"2019 was a record year for Rejlers in terms of both operating profit and new recruitment, and we carried out our largest business acquisition to-date. Altogether, the positive development shows that our journey of change with our sights set on 2025 is off to a good start. Rejlers achieved its best annual earnings to-date in 2019. Thanks to improved earnings in every country, EBITA for the full year amounted to SEK 138.0 million (44.1). The establishment of a new organisation with greater clarity in earnings responsibility, cost reductions and strong demand for our services were behind the full-year earnings increase", says Viktor Svensson, President and CEO, Rejlers AB.

For further information, please contact:

Viktor Svensson, President and CEO, +46 (0)70 657 20 26, viktor.svensson@rejlers.se
Anna Jennehov, CFO, +46 (0)73-074 06 70, anna.jennehov@rejlers.se