SWECO AB (publ) Interim report January - March 2011

SWECO AB (publ) Interim report January - March 2011

Improved market and continued positive development

January - March 2011

  · Net sales of SEK 1,420.7 million (1,339.0).
  · Operating profit of SEK 136.6 million (122.4).
  · Operating margin of 9.6 per cent (9.1).
  · Profit after tax of SEK 97.1 million (86.6) and earnings
per share of SEK 1.07 (0.97).
  · Strong financial position, net receivable of SEK 192.0 million
(318.2).

Comments from CEO Mats Wäppling:

“Sweco's operating profit increased to SEK 137 million with a total
operating margin of 9.6 per cent. The Swedish operations improved their
operating profit by 24 per cent and achieved an operating margin of over
12 per cent. Growth in Sweden in the first quarter was 13 per cent.

“Following a period of slow recovery, the market is now gaining momentum
and opportunities for growth have improved considerably. There are still
major variations, however, between our different markets. Above all,
increased demand can be noted for building-related services in Sweden.
In Finland, the market for our industrial consultants continues to
improve and rising order bookings can be noted in the Baltic countries.

“So far this year we have acquired operations with a total of
approximately 380 people. Acquisitions after the end of the period
included two Russian operations in the transport sector and we now have
approximately 360 consultants in Russia. Today Sweco has a total of
approximately 1,300 employees in Eastern Europe and Russia.

“We are well placed for continued growth with profitability in an
improved market. A strong financial position, leading market positions
within several key growth areas and a broad range of services guarantee
stable, long-term development.”

For additional information contact:

Mats Wäppling, President & CEO of SWECO AB (publ)
Telephone +46 8 695 66 07 / Mobile +46 70 645 03 21
mats.wappling@sweco.se (mats.wappling@sweco.se)

Bo Jansson, Vice President & CFO of SWECO AB (publ)
Telephone +46 8 695 66 06 / Mobile +46 73 412 66 06
bo.jansson@sweco.se (bo.jansson@sweco.se)