SWECO AB (publ) Interim report January - March 2010

SWECO AB (publ) Interim report January - March 2010

• Net sales of SEK 1,339.0 million (1,451.9).
• Operating profit of SEK 122.4 million (166.2). 
• Operating margin of 9.1 per cent (11.4).
• Profit before tax of SEK 119.4 million (173.8).
• Strong financial position with a net receivable of SEK 318.2 million (199.9).
• Cash flow from operating activities of SEK -68.4 million (62.2).
• Profit after tax of SEK 86.6 million (128.2) and earnings per share of SEK
0.97 (1.47).

Comments from CEO Mats Wäppling:

“As a result of weak market conditions, Sweco got off to a slow start in the
first quarter of 2010. Sales and earnings were impacted by continued low demand
for certain industrial and building-related services and additional resource
adaptations were carried out in the Finnish industrial operations. 

“Sweco Sweden and Sweco Norway achieved operating margins of around 11 per cent.
Our Russian operations also showed sustained positive development, while the
other units in Central and Eastern Europe have stabilised.

“Toward the end of the period we noted a somewhat improved market situation with
increased activity. Among other things, Sweco has been chosen to take part in
planning of the new Slussen public transport hub in Stockholm and in Lithuania
we have been awarded yet another major contract in connection with the closure
of the Ignalina nuclear power plant. We have also been commissioned to study how
the power grids in Uganda and Tanzania can be interconnected to reduce the
shortage of electricity in the region.

“Sweco's strong financial position and leading market positions in environment,
energy and infrastructure provide an excellent platform for continued profitable
growth and high preparedness to seize new opportunities in 2010. This includes
expansion through acquisitions in both existing and new markets in Europe.”

For further information please contact:
Mats Wäppling, President & CEO of SWECO AB (publ)
Telephone: +46 8 695 66 07 / Mobile: +46 70 645 03 21
mats.wappling@sweco.se
Bo Jansson, Vice President & CFO of SWECO AB (publ)
Telephone: +46 8 695 66 06 / Mobile: +46 73 412 66 06
bo.jansson@sweco.se

Sweco is a provider of international consulting engineering services with
combined expertise in engineering, environmental technology and architecture.
The Group has annual sales of approximately SEK 5.3 billion and 5,100 employees
in eleven countries. The company has projects currently underway in some 90
countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.

The information contained herein may be subject to the disclosure requirements
in the Swedish Securities Exchange and Clearing Operations Act and/or the
Financial Instruments Trading Act. The information was submitted by Sweco for
publication at 11.50 CET on 29 April 2010.