Bravida Interim Report January - June 2015

April – June 2015

• Net sales increased by 22 %, where of 9 % organically, to SEK 3,660 million
• Operating profit was SEK 187 million (151)
• The operating margin was 5.1 % (5.1)
• Adjusted for specific costs*, the operating profit was SEK 203 million (161)
and the operating margin was 5.6 % (5.4)
• Earnings after tax were SEK 61 million (80)
• Cash flow from operating activities was SEK 59 million (50)
• Net debt was SEK 2,675 million
• Three acquisitions were closed with combined annual sales of approximately SEK
750 million
• Bravida Finland was formed through the acquisition of the installation part of
Peko Group; Marcus Karsten has been appointed Manager of Bravida Finland
• Profit per share was SEK 0.15 (0.20)

January – June 2015

• Net sales increased by 20 %, where of 7 % organically, to SEK 6,985 million
• Operating profit was SEK 339 million (296)
• The operating margin was 4.9 % (5.1)
• Adjusted for specific costs*, operating profit was SEK 375 million (308) and
the operating margin was 5.4 % (5.3)
• Earnings after tax were SEK 123 million (104).
• Cash flow from operating activities was SEK 347 million (323).
• Seven acquisitions were closed with combined annual sales of approximately SEK
1,000 million
• Profit per share was SEK 0.30 (0.26)

Bravida continues to deliver strong growth and improved earnings while we are
strengthening and developing our market position both organically and through
acquisitions. Net sales increased by 22 per cent during the second quarter and
by 20 per cent in the first six months. Organic growth was nine per cent in the
second quarter and seven per cent in the last six months. Overall, we continued
to outgrow the market.

The adjusted operating profit increased by 26 per cent in the quarter, which
meant that the adjusted operating margin was 5.6 per cent. The corresponding
figures for the first half of the year were an increase of 22 per cent and an
adjusted operating margin of 5.4 per cent. The existing operations continue to
improve the margins, which is evidence that our strategic improvement work is
bearing fruit, while orders are at record levels. This provides an excellent
position for the development of billing for the rest of the year.

We have reached a significant milestone in Bravida's development in the second
quarter. Through two major acquisitions in Finland, Peko Group in central
Finland and Halmesvaara in the Helsinki region, we have laid the foundations for
a new Finnish division. We are thus following our strategic plan of being the
leading provider of multi-technical services in the Nordic region.

In addition to the Finnish acquisitions, Bravida acquired a number of Swedish
companies in order to strengthen the company’s market position and have complete
offering in specific locations. We are also devoting significant efforts to
integrating the newly-acquired companies so as to realise the synergies from
each acquisition.

Our new agreement with Facebook, the third phase, means that we have been
selected as general contractor. This confirms the market trend, that our
installation services are becoming increasingly complex and more integrated,
which means that more customers want us to take leading roles in projects and
that we are moving up the value chain.

Overall, we are strengthening our position and exploiting the opportunities that
exist in the growing market for installation and service. With good continuing
demand for service and maintenance, public sector building, infrastructure
projects and homes, as well as low interest rates, we continue to have a
positive view of the market.

Mattias Johansson, Stockholm, July 2015

The report is available at the corporate website: www.bravida.com/en/Financial
-information/

****************
Bravida Holding AB publishes this interim report in compliance with the Swedish
Securities Market Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 11.30 on 21 July 2015.
For further information, please contact:

Mattias Johansson, President and CEO
E-mail: mattias.p.johansson@bravida.se

Nils-Johan Andersson, CFO
E-mail: nils-johan.andersson@bravida.se
Telephone +46 8 695 20 00
Bravida is the premier multi-technical service provider in the Nordics, with
about 9,000 employees. Bravida delivers specialist services as well as complete
electrical, heating and plumbing, and HVAC solutions, offering everything from
design and project planning to installation, operation and maintenance. Bravida
is represented in around 160 locations in Sweden, Norway, Denmark and
Finland. www.bravida.com