Interim Report January-June 2008

Regulatory press release

Continuous strong growth and improved profit    Second quarter

  • Turnover increased by 22 per cent to SEK 205.4 million (167.7)
  • Operating profit increased by 71 per cent to SEK 23.8 million (13.9)
  • Operating margin amounted to 11.6 per cent (8.3)
  • Profit after tax increased by 73 per cent to SEK 17.3 million (10.0)
  • Earnings per share increased by 72 per cent to SEK 1.60 (0.93)
  • Acquisition of Ukiplan OY on 1 April 

    •   The half-year

  • Turnover increased by 21 per cent to SEK 400.3 million (329.4)
  • Operating profit increased by 56 per cent to SEK 54.2 million (34.8)
  • Operating margin amounted to 13.5 per cent (10.6)
  • Profit after tax increased by 57 per cent to SEK 38.8 million (24.7)
  • Earnings per share increased by 56 per cent to SEK 3.59 (2.30)
  • Number of full-time employees at the end of the period increased by 10 per cent to 881 (799)

    •   Statement from President and CEO Peter Rejler During the second quarter of 2008, we saw a consistently good influx of orders and a high debiting ratio within all customer groups. Despite reports of a general slump in business conditions, we are not currently witnessing any decline in demand; rather, we are seeing consistently positive development for Rejlers.     Turnover was SEK 400 million and operating margin 13.5 per cent, which is our best half-year operating profit to date.   Growth is stable, and our target of at least 1,000 employees and a turnover of SEK 1 billion by 2010 is within reach.     The continued expansion will be achieved both through acquisitions and organic growth. During the first half-year, we have completed two strategically important acquisitions in Finland with over 40 employees which will further enhance our market positions.       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, IT and telecommunications. Rejlers shares are listed on the Nordic list of the Stockholm Stock Exchange.

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