SWECO AB (publ) Interim report January - June 2010

SWECO AB (publ) Interim report January - June 2010

Market stabilising, but with large variations

April - June 2010

  · Net sales of SEK 1,365.5 million (1,394,9).
  · Operating profit of SEK 112.2 million (117.5).
  · Operating margin of 8.2 per cent (8.4).
  · Profit after tax of SEK 82.5 million (78.9) and earnings
per share of SEK 0.91 (0.89).

January - June 2010

  · Net sales of SEK 2,704.5 million (2,846.8).
  · Operating profit of SEK 234.6 million (283.7).
  · Operating margin of 8.7 per cent (10.0).
  · Profit after tax of SEK 169.1 million (207.1) and earnings
per share of SEK 1.88 (2.35).
  · Strong financial position with a net receivable of SEK 34.6
million (150.8).

Comments from CEO Mats Wäppling:

 “The market in general is continuing to stabilise, but with large
variations. Earnings and sales for the second quarter were impacted by
weak demand for certain industrial and building-related services.
Operations in Sweden and Norway improved their operating margins for the
quarter to 12.2 and 10.5 per cent, respectively.

 “In June Sweco acquired the Polish engineering consultancy Transprojekt
Kraków. The acquisition is the second in Poland in a short span of time
and is the next step in our long-term strategy to grow and reach a
leading position in the infrastructure area in Central and Eastern
Europe.

 “Sweco's strong financial position and leading market positions in
environment, energy and infrastructure provide an excellent platform for
continued profitable growth, both organic and through additional
acquisitions in both existing and new markets in Europe.”

For additional information contact:

 Mats Wäppling, President & CEO of Sweco
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
Telephone: +46 8 695 66 06 / Mobile: +46 73 412 66 06
bo.jansson@sweco.se (bo.jansson@sweco.se)