Rejlers' Interim Report, January-March 2009
2009-04-27
27 April 2009
Good results with adaptation to a market that is hard to judge
First Quarter
The first quarter of 2009 has seen further deterioration of the market. However our largest customer's activities are linked to investments that form the basis for social development, which are less affected by the recession.
Infrastructure and Energy, which make up a major part of the operation, are areas where demand continues to be good. The construction market is difficult to judge in the long term, but at present the workload is satisfactory.
The adverse climate shows itself in modest price developments and a fall in order volumes, mainly in the industry segment. The Finnish industry operation is under more pressure than the Swedish one, which is reflected in the operating margins. Operations are being continually adapted to the market situation.
Resources are being transferred in order to meet the changing market picture, and internal training is being intensified.
Rejlers has signed a number of new agreements during the quarter. A contract for several years' energy metering with Fortum Distribution in Sweden, a delivery of an electricity and control system for a thermal power station in Finland, and also a contract regarding the technical property management of TeliaSonera's production premises in Finland are a few examples of orders.
Rejlers' financial position is good, and we are in a good state of readiness for a downturn in the market in our sector, too. Our growth target remains, and we will carry out improvements in the organisation aimed at a high level of internal efficiency and greater focus on sales and marketing.
For further information, please contact:
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
Rejlers is a Nordic group offering technical consultancy services in the fields of electrical engineering, energy, mechanical engineering, automation, electronics, IT and telecommunications. Rejlers' shares are listed on the Nordic list of Nasdaq OMX.
Good results with adaptation to a market that is hard to judge
First Quarter
- Turnover increased by 8 per cent to SEK 210 million (194.9)
- Operating profit was SEK 18.5 million (30.4)
- Operating margin amounted to 8.8 per cent (15.6)
- Profit after tax was SEK 13.5 million (21.5)
- Earnings per share were SEK 1.25 (1.99)
The first quarter of 2009 has seen further deterioration of the market. However our largest customer's activities are linked to investments that form the basis for social development, which are less affected by the recession.
Infrastructure and Energy, which make up a major part of the operation, are areas where demand continues to be good. The construction market is difficult to judge in the long term, but at present the workload is satisfactory.
The adverse climate shows itself in modest price developments and a fall in order volumes, mainly in the industry segment. The Finnish industry operation is under more pressure than the Swedish one, which is reflected in the operating margins. Operations are being continually adapted to the market situation.
Resources are being transferred in order to meet the changing market picture, and internal training is being intensified.
Rejlers has signed a number of new agreements during the quarter. A contract for several years' energy metering with Fortum Distribution in Sweden, a delivery of an electricity and control system for a thermal power station in Finland, and also a contract regarding the technical property management of TeliaSonera's production premises in Finland are a few examples of orders.
Rejlers' financial position is good, and we are in a good state of readiness for a downturn in the market in our sector, too. Our growth target remains, and we will carry out improvements in the organisation aimed at a high level of internal efficiency and greater focus on sales and marketing.
For further information, please contact:
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
Rejlers is a Nordic group offering technical consultancy services in the fields of electrical engineering, energy, mechanical engineering, automation, electronics, IT and telecommunications. Rejlers' shares are listed on the Nordic list of Nasdaq OMX.
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