SWECO AB (publ) Interim report January-June 2009

SWECO AB (publ) Interim report January-June 2009

Continued strong performance in first half of 2009

•	Operating profit of SEK 283.7 million (335.0). 

•	Operating margin of 10.0 per cent (11.9).

•	Net sales amounted to SEK 2,846.8 million (2,803.7).

•	Profit before tax of SEK 289.9 million (329.1).

•	Strong cash flow from operating activities of SEK 214.7 million (180.7).

•	Profit after tax of SEK 207.1 million (236.3) and earnings per share of SEK
2.35 (2.76).


Comments from CEO Mats Wäppling:

“Sweco reported a strong first half with an operating profit of SEK 284 million
and operating margin of 10 per cent. The period's robust earnings are primarily
attributable to the units in Sweden and Norway. Earnings were affected by a
lower number of billable hours compared to the preceding year, which is equal to
approximately SEK 50 million in operating profit.

“The market situation for building-related and industrial services has continued
to deteriorate, particularly in Finland and the Baltic countries, and the
economic downturn is also starting to affect other parts of Sweco's operations.
In response to this, we are adapting our resources successively in pace with
changes in the business climate.

“At the same time, we are seeing stable demand for Sweco's services in
environment, energy, infrastructure and geographic IT and are continuing to
recruit key competencies in these areas. The fundamental drivers behind demand
for our services are population growth and urbanisation, a growing awareness of
environmental and climate issues and modernisation of the new EU member states.
These trends are creating new business opportunities and stimulating long-term
demand. 

“Sweco's leading market positions in environment, energy and infrastructure,
together with the Group's healthy finances, provide a platform for continued
profitable growth and a high level of preparedness to seize new opportunities in
the years ahead.”

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

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


Sweco is a provider of international consulting engineering services with
combined expertise in engineering, environmental technology and architecture.
The Group has annual sales of approximately SEK 5.5 billion and 5,300 employees
in ten countries. The company has projects currently underway in some 80
countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.

The information contained herein may be subject to the disclosure requirements
of Swecopursuant to the Swedish Securities Exchange and Clearing Operations Act
and/or the
Financial Instruments Trading Act. The information was submitted for publication
on 21 July 2009, 08:00 CET.