Rejlers' interim report, January-September 2008

30 October 2008

Continuous strong growth and improved profit

Third quarter
* Turnover increased by 22 per cent to SEK 172.0 million (141.3)
* Operating profit increased by 44 per cent to SEK 21.2 million
  (14.7)
* Operating margin amounted to 12.3 per cent (10.4)
* Profit after tax increased by 47 per cent to SEK 15.4 million
  (10.5)
* Earnings per share increased by 46 per cent to SEK 1.42 (0.97)
* Acquisition of Danatec AB, with 40 employees

  January-September
* Turnover increased by 22 per cent to SEK 572.3 million (470.7)
* Operating profit increased by 52 per cent to SEK 75.4 million
  (49.5)
* Operating margin amounted to 13.2 per cent (10.5)
* Profit after tax increased by 54 per cent to SEK 54.2 million
  (35.2)
* Earnings per share increased by 53 per cent to SEK 5.02 (3.27)
* Number of full-time employees at the end of the period increased by
  14 per cent to 923 (808)

  Statement from President and CEO Peter Rejler
  The third quarter saw a continued good flow of orders and the best
  profits we have ever reported for a third quarter.

  Rejlers has positioned itself well in all markets, reporting
  continued positive development and, at present, a good balance
  between assignments in Infrastructure, Energy, Industry and
  Construction & property.

  We have seen a tendency towards a downtown in certain segments of
  Industry and in Construction & property, driven by the prevailing
  financial uncertainty and business climate. Despite this, demand
  remains high among all customer groups, especially for assignments
  in Energy and Infrastructure, which account for some 60 per cent of
  turnover.

  Growth has been good throughout the year and in 2008 Rejlers has
  gained about 120 new employees, 40 of whom in the acquisition of
  Danatec in the third quarter.

  This year we have received a large number of new and prestigious
  assignments. Of particular note is the planning of the new Western
  Metro line in Helsinki. In the third quarter, we were also
  contracted by utility company Jönköping Energi in relation to the
  construction of 13 new wind power turbines north of Gränna.

  Our target of at least 1000 employees and a turnover of SEK 1
  billion by 2010 remains.

  For further information, please contact:
  Peter Rejler, President and CEO, tel. +46 (0) 70 602 34 24, e-mail:
  peter.rejler@rejlers.se
  Kjell Sandin, CFO, tel. +46 (0) 70 399 10 64, e-mail:
  kjell.sandin@rejlers.se

  Rejlers is a Nordic group offering technical consultancy services
  in the fields of electrical engineering, energy, mechanical
  engineering, automation, IT and telecommunications. Rejlers shares
  are listed on the Nordic list of the Stockholm Stock Exchange.