SWECO AB (publ) Interim report January-September 2014

Improved profit in a stable market.
JULY – SEPTEMBER 2014

  · Net sales: SEK 2,000.1 million (1,809.7)
  · Operating profit: SEK 143.2 million (106.0); operating margin; 7.2 per cent
(5.9)
  · EBITA: SEK 155.2 million (118.2); EBITA margin: 7.8 per cent (6.5)
  · Profit after tax: SEK 92.3 million (70.8); earnings per share SEK 1.02
(0.76)

JANUARY – SEPTEMBER 2014

  · Net sales: SEK 6,659.1 million (5,729.0)
  · Operating profit: SEK 510.4 million (430.6); operating margin: 7.7 per cent
(7.5)
  · EBITA: SEK 548.0 million (462.4); EBITA margin: 8.2 per cent (8.1)
  · Profit after tax: SEK 344.8 million (309.2); earnings per share: SEK 3.78
(3.35)
  · Net debt: SEK 1,703.8 million (1,550.7); net debt/EBITDA: 1.9 times (1.9)

Comments from President and CEO Tomas Carlsson:

- Operating profit is the highest for any third quarter in Sweco’s history. The
positive trend is mainly due to the successful and completed integration of
Vectura as well as improved profit in Central Europe. Sweco’s sales were up 11
per cent, of which 4 per cent was organic. Organic growth was particularly
strong in Finland and Norway.

- Overall, the market is stable and no major changes have taken place since the
second quarter. The Swedish market improved somewhat during the quarter and the
Norwegian market is stable. Markets in Finland and Central Europe remain
challenging.

- The Board of Directors adopted a new financial strength target: net debt of
less than two times EBITDA. Concurrently with this, Sweco refinanced a SEK 800
million 5-year credit facility. With the new financial target and long-term
financing Sweco is achieving a cost-effective capital structure and enabling
additional value-creating acquisitions.

- After the reporting period Sweco has been commissioned by the Stockholm County
Council to design an 11-kilometer-long underground metro line from
Kungsträdgården to Nacka and Gullmarsplan in Stockholm, which is expected to
open in 2025. The contract is valued at approximately SEK 500-600 million, an
estimated two-thirds of which amount will go to Sweco. This is one of the
largest and most complex assignments in Sweco’s history. The initiative is a key
component in the entire region’s development and will be a significant
improvement to public transport.
For more information, please contact:

Tomas Carlsson, President and CEO, phone: +46 8 695 66
60 (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=2967778&la
n 
g=en-GB&companycode=s-swec&v=s-swec_reports) / +46 70 552 92
75 (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=2967778&la
n 
g=en-GB&companycode=s-swec&v=s-swec_reports),  tomas.carlsson@sweco.se

Jonas Dahlberg, CFO, phone: +46 8 695 63
32 (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=2967778&la
n 
g=en-GB&companycode=s-swec&v=s-swec_reports) / +46 70 347 23
83 (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=2967778&la
n 
g=en-GB&companycode=s-swec&v=s-swec_reports),  jonas.dahlberg@sweco.se

Åsa Barsness, Communications Director, +46 8 695 66
40 (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=2967778&la
n 
g=en-GB&companycode=s-swec&v=s-swec_reports) / 46 70 382 36 86,
asa.barsness@sweco.se
Sweco is the Nordic region’s leading consultancy for sustainable urban
development. Our 9,000 engineers, architects and environmental experts develop
value-creating solutions for our clients and for society. Sweco is among the ten
largest consulting engineering companies in Europe and annually conducts
projects in 80 countries throughout the world. The company has yearly sales of
approximately SEK 9 billion and is listed on NASDAQ OMX Stockholm AB.

Sweco is required to disclose the above information under the provisions of the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on 23 October 2014 at 07:20 CET.