SWECO AB (publ) Interim report January

SWECO AB (publ) Interim report January - June 2011

Higher growth in an increasingly strong market

April - June 2011

  · Net sales of SEK 1,506.7 million (1,365.5).
  · Operating profit of SEK 128.0 million (112.2).
  · Operating margin of 8.5 per cent (8.2).
  · Profit after tax of SEK 92.5 million (82.5) and earnings per share
of SEK 1.01 (0.91).

January - June 2011

  · Net sales of SEK 2,927.4 million (2,704.5).
  · Operating profit of SEK 264.6 million (234.6).
  · Operating margin of 9.0 per cent (8.7).
  · Profit after tax of SEK 189.6 million (169,1) and earnings per share
of SEK 2.08 (1.88).
  · Strong financial position with a net liability of SEK 74.6 million
(net receivable of SEK 34.6 million).

Comments from CEO Mats Wäppling:

“Operating profit for the first half of the year rose to SEK 265 million
and operating margin was 9 per cent. Sweco Sweden posted continued
robust earnings and reported an operating margin of more than 12 per
cent.

“We are seeing an increasingly strong market with better conditions for
growth. This is particularly true in Sweden, where our business has
grown by 14 per cent during the first half of the. So far this year, we
have acquired operations in Sweden, Norway, Poland, Russia and Slovakia
with a total of 430 employees. Sweco now has around 6,000 employees and
the goal is to achieve sustained profitable growth, both organically and
through acquisitions.

“In Finland, the tangible results of an improved market for our
industrial consultants are visible in the form of several large new
contracts. Order intake in the Baltics is also showing continued
improvement. However, the national financial crises in Europe are giving
rise to uncertainty about market development in general.

“Sweco's healthy finances, wide service offering and leading market
positions in several important growth segments give us an excellent
platform for favourable 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)
SWECO AB (publ) Interim report January - June 2011

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