Fourth-quarter earnings are affected more than expected by measures taken to
liquidate and restructure unprofitable operations. In addition, operations in
parts of the industry had a declining capacity utilization during the quarter.
Consequently, there is a sharp decrease in profit for the fourth quarter of 2013
compared to last year. Operating profit for the full year 2013 is estimated at
between SEK 65 and 70 million.
We have conducted a strategic review of the business during the year to create
opportunities for continued growth and increased profitability. This has
resulted in restructuring to adapt the organization to current market
conditions. We are continually working to adjust our cost base.
Revenue for the quarter shows a continued growth. We see a strong demand for our
services in the Nordic countries in the areas of energy and infrastructure.
Demand for building related services in metropolitan areas is also positive. The
industry market is more difficult to predict, especially in Finland, but is
expected to improve in Sweden.
Rejlers year-end and fourth quarter results 2013 will be published in full as
previously announced on February 7, 2014 at 08.00 am. The year-end report will
be followed up with a telephone conference. Information about this will be
provided in a press release shortly.
The results are still preliminary and have not been reviewed by the auditor.
For further information:
Eva Nygren; President and CEO, +46 73 412 66 60, e-mail: email@example.com
Eva K Nygren; CFO, +46 73 412 59 60, e-mail: firstname.lastname@example.org
Rejlers is one of the largest engineering consultants in the Nordic region. Our
1,800 experts work with projects within the areas of Building and property,
Energy, Industry and Infrastructure. With us, you will meet specialist engineers
with the breadth, cutting edge expertise and not least energy to create the
results you want. We continue to grow rapidly and our activities are spread
across 70 locations in Sweden, Finland, Norway and Russia. Rejlers has revenue
of approx. SEK 1.3 billion and its B-shares are listed on the Nordic list of
Rejlers discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.00 am on January 30th 2014.
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.