SWECO AB (publ) Year-end report 2009

SWECO AB (publ) Year-end report 2009

•	Net sales of SEK 5,338.7 million (5,522.8).
•	Operating profit of SEK 443.6 million (596.3). 
•	Operating margin of 8.3 per cent (10.8).
•	Profit before tax of SEK 443.6 million (588.2).
•	Solid financial position with a net receivable of SEK 418.5 million (160.1).
Strong cash flow from operating activities of SEK 529.7 million (557.1).
•	Profit after tax of SEK 294.6 million (402.9) and earnings per share of SEK
3.31 (4.68).
•	The Board proposes a dividend of SEK 2.00 per share and a share redemption
equal to SEK 2.00 per share. 

Comments from CEO Mats Wäppling:

“The majority of Sweco's operations delivered robust earnings in spite of a weak
market. Sweco Sweden and Sweco Norway reported strong operating margins. Our
operations in the Czech Republic and Bulgaria have shown stable development and
we also noted a slight increase in activity in the Baltic countries at the end
of the year.

“Profit for the year was negatively affected by a feeble market for industrial
and building-related services, primarily in Finland and the Baltic countries.
Among other things, operating profit was burdened with restructuring charges and
goodwill impairment losses amounting to SEK 41 million in the Finnish industrial
operations. Compared to the prior year, profit was also impacted by a lower
number of billable hours and the discontinued premium rebate from Alecta.

“Overall demand has stabilised, but in different ways in different markets. The
Norwegian market revived during the autumn, while the Finnish market remains
weak.

“After the end of the period, Sweco acquired the Polish water and environmental
consultancy Hydroprojekt Kraków with 35 employees. The acquisition is a first
step in Sweco's establishment in Poland. 

“The fundamental drivers behind demand for Sweco's services are population
growth and urbanisation, a growing awareness of environmental and climate issues
and modernisation of the new EU member states. Sweco's wide range of services in
sustainable development therefore offers excellent conditions for long-term
success.

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 5,100 employees in ten countries and 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 Sweco pursuant to the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading Act. The information was submitted for
publication on 12 February 2010, 12:15 CET.