SWECO AB (publ) Year-end report 2015

Record underlying profit and rapid integration
October - December 2015

  · Net sales increased to SEK 4,350m (2,555)
  · EBITA excl. extraordinary cost increased to SEK 390m (267), margin 9 per
cent (10.4)
  · EBITA decreased to SEK 200m (267), margin 4.6 per cent (10.4)
  · Profit after tax decreased to SEK 86m (200), corresponding to SEK 0.75 per
share (2.10)

January - December 2015

  · Net sales increased to SEK 11,389m (9,214)
  · EBITA excl. extraordinary cost increased to SEK 991m (826), margin 8.7 per
cent (9.0)
  · EBITA decreased to SEK 740m (814), margin 6.5 per cent (8.8)
  · Profit after tax decreased to SEK 439m (545), corresponding to SEK 4.36 per
share (5.74)
  · Net debt totalled SEK 1,688m (1,262)
  · Net debt/EBITDA was 1.8 times (1.3). Net debt/EBITDA pro forma and excl.
extraordinary items 1.2 times
  · The Board of Directors proposes a dividend distribution of SEK 3.50 per
share (3.37)

Comments from President and CEO Tomas Carlsson:

"Grontmij, with around 6,000 employees, was acquired on 1 October. Sweco is now
Europe’s leading engineering and architecture consultancy, with approximately
14,500 employees and approximately SEK 16 billion in annual sales. With the
broadest specialist expertise in Northern Europe, Sweco is uniquely positioned
to take on our customers largest and most complex projects. Integration is in
many cases ahead of schedule, so we are even more confident that the previously
announced cost savings can be achieved within the stipulated timeframe and
cost."

"This is Sweco’s best quarter to date. EBITA, adjusted for extraordinary cost
associated with the Grontmij acquisition, totalled SEK 390 million. Grontmij
made a positive contribution to profit – but, even disregarding this, it is
Sweco’s best quarter to date. Synergies from the Grontmij acquisition made a
positive contribution to EBITA already in the fourth quarter."

"A rights issue was conducted during the fourth quarter to finance the Grontmij
acquisition. With the rights issue and a strong operational cash flow during the
quarter, Sweco has a good financial position. The net debt/EBITDA ratio (pro
forma and adjusted for extraordinary cost) was 1.2 at the end of the period. The
Board of Directors is proposing that the dividend is SEK 3.50 per share."

"The market for Sweco’s services is good overall and the trend is stable. The
Swedish market is strong. The Norwegian market is good, but has weakened. The
markets in Denmark, Western Europe and Central Europe are good and are
developing well. The markets in Finland and the Netherlands remain challenging."
For more information, please contact:

Tomas Carlsson, President and CEO, phone:  +46 8 695 66
60  (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3022796&l
a 
ng=en-GB&companycode=s-swec&v=s
-swec_reportstool) (http://tools.euroland.com/tools/Pressreleases/GetPressReleas
e 
/?ID=2967778&lang=en-GB&companycode=s-swec&v=s-swec_reports)/  +46 70 552 92
75,   tomas.carlsson@sweco.se

Jonas Dahlberg, CFO, phone:  +46 8 695 63
32  (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3022796&l
a 
ng=en-GB&companycode=s-swec&v=s
-swec_reportstool) (http://tools.euroland.com/tools/Pressreleases/GetPressReleas
e 
/?ID=2967778&lang=en-GB&companycode=s-swec&v=s-swec_reports)/  +46 70 347 23
83,   jonas.dahlberg@sweco.se

Åsa Barsness, Communications Director,  +46 8 695 66
40  (http://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3022796&l
a 
ng=en-GB&companycode=s-swec&v=s
-swec_reportstool) (http://tools.euroland.com/tools/Pressreleases/GetPressReleas
e 
/?ID=2967778&lang=en-GB&companycode=s-swec&v=s-swec_reports)/ 46 70 382 36
86,   asa.barsness@sweco.se
Sweco plans and designs tomorrow’s communities and cities. Our work produces
sustainable buildings, efficient infrastructure and access to electricity and
clean water. With 14,500 employees in Europe, we offer our customers the right
expertise for every project. We carry out assignments in 70 countries annually
throughout the world. Sweco is Europe’s leading engineering and architecture
consultancy, with sales of approximately SEK 16.0 billion (pro forma 2014). The
company is listed on Nasdaq Stockholm.

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 11 February 2016 at 07:20 CET.