Rejlerkoncernen AB (publ) Year-end report 2007

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

Kjell Sandin, CFO                                                Tel. +46 (0)70-399 10 64, E-mail: kjell.sandin@rejlers.se

 

 

         Turnover increased by 13 per cent to SEK 180.3 million (159.5)

         Operating profit increased by 59 per cent to SEK 21.0 million (13.2)

         Operating margin amounted to 11.6 per cent (8.3)

         Profit after tax increased by 51 per cent to SEK 14.6 million (9.7)

         Profit per share increased by 50 per cent to SEK 1.35 (0.90)

 

         Turnover increased by 17 per cent to SEK 651 million (558.3)

         Operating profit increased by 40 per cent to SEK 70.5 million (50.4)

         Operating margin amounted to 10.8 per cent (9.0)

         Profit after tax increased by 38 per cent to SEK 49.8 million (36.1)

         Profit per share increased by 37 per cent to SEK 4.62 (3.37)

         Number of employees at the end of the period increased by 14 per cent to 808 (707)

 

         Henceforth, the Board's aim is to divide 50 per cent of the company's profit after tax on average

         The Board is proposing a dividend of SEK 2.50 per share (1.50), which means a total dividend amount of SEK 27.0 million (16.1)

 

 

In 2007, Rejlers saw its operating profit improve for the ninth consecutive year. The debiting ratio amounted to 79 per cent and is the primary reason for the year's excellent result. The trend during the fourth quarter appears positive both financially and in terms of actual business.

 

Orders received remain good. Rejlers has not noticed any weakening of the economy and is expecting the positive trend to continue during 2008. On the market our successes continue. In 2007, Rejlers Sweden was engaged in several major infrastructure projects in both Sweden and Finland.

 

Industry is our predominant customer in both Finland and Sweden. Rejlers' strong position within automation and electrical power is generating an increasing number of assignments. Construction and property has continuous strong demand.

 

The scope of energy activities involving nuclear power, wind power and reserve power also increased and is influenced by the society's focus on the environment. Rejlers Energitjänster stabilised during 2007 with good profitability and the development potential is immense on both the Finnish and Norwegian markets. The acquisition of 15 per cent of the shares in APAS Norway, whose activities include energy control of industrial processes, gives us a foothold in Norway and a number of interesting development opportunities.

 

I believe there are excellent future opportunities in Finland within infrastructure and energy, areas where there is a growing market. Within telecommunications, we are continuing to expand our activities with a high level of competence in both Sweden and Finland.

 

I expect continued expansion over the next few years. Our target of at least 1,000 employees and a turnover of SEK 1 billion by 2010 is within our grasp.