Interim Report Rejlers AB January–September 2014


Targets for 2020 and continuing measures in Norway
Third quarter
» Revenue increased by 16 per cent to SEK 366.5 million (316.5)
» Operating profit was SEK 2.5 million (11.2)
» The operating margin amounted to 0.7 per cent (3.5)
» Profit after tax was SEK 0.2 million (6.8)
» Earnings per share before dilution were SEK 0.02 (0.58)
» Diluted earnings per share were SEK 0.02 (0.58)
January–September
» Revenue increased by 19 per cent to SEK 1,247.4 million (1,049.8)
» Operating profit was SEK 16.1 million (55.6)
» The operating margin amounted to 1.3 per cent (5.3)
» Profit after tax was SEK 9.2 million (43.3)
» Earnings per share before dilution were SEK 0.76 (3.80)
» Diluted earnings per share were SEK 0.75 (3.80)
Statement from President and CEO Peter Rejler
Compared to last year, Rejlers showed growth of 16 per cent over the quarter, of
which 2 per cent came through organic growth. During the third quarter, we have
continued to focus on improving the efficiency and profitability of the Group.
We have also increased our sales activities. We are seeing a general improvement
in demand for our services on the infrastructure, energy and construction
markets. In the industrial market, we can see an increased order intake during
the late part of the quarter.
The results for the third quarter can be primarily explained by project losses
in Norway and the restructuring of the Norwegian operations. We are continuing
to monitor operations.
Despite the weak economy in Finland, there has been an improvement in profits
for the operations there. This improvement in profit is largely explained by a
rise in the volume of orders. We see good opportunities for continued growth in
the Infrastructure and Energy areas, and we have won new industry assignments
despite tough competition in the market.
I am now once again acting as general President for operations in Sweden. We are
seeing positive development in Sweden, with growth in profitable areas.
Rejlers has carried out some work on its strategy, which has resulted in new
targets for 2020. Our new growth target is ‘2020–3030–4040’. By 2020, we will
have at least 3,030 employees and revenue of at least SEK 4,040 million. We will
reach this target by achieving growth of around 15 per cent per year in terms of
revenue and 10 per cent in terms of the number of employees – both organically
and via acquisitions. We have returned to our long-term financial target of an
operating margin of at least 8 per cent. This is the right level for the market
conditions and for Rejlers’ current growth plans. We will achieve our targets by
being the most successful and healthy company in our industry in the Nordic
region. Our specialised engineering expertise within our customer areas allows
us to occupy a unique position, one that makes us competitive in the industry.
For more information please contact:
Peter Rejler, President and CEO, tel. +46 (0)70 602 34 24, e-mail:
peter.rejler@rejlers.se
Mikael Lingefelt, acting CFO, tel. +46 (0)70 929 09 55, e-mail:
mikael.lingefelt@rejlers.se
Rejlers is one of the largest engineering consultancy firms 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 are continuing to grow rapidly and our
activities are spread across 80 locations in Sweden, Finland and Norway. In
2013, Rejlers had revenue of approx. SEK 1.5 billion and its Class B share is
listed on the Nordic list of Nasdaq OMX.

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