SWECO AB (publ) Interim report January-March 2009

SWECO AB (publ) Interim report January-March 2009

Strong first quarter for Sweco

• Operating profit of SEK 166.2 million (157.3). 

• Operating margin of 11.4 per cent (11.8).

• Net sales increased by 9 per cent to SEK 1,451.9 million (1,334.3)

• Profit before tax was SEK 173.8 million (155.3)

• Profit after tax of SEK 128.2 million (111.2) and earnings per share of SEK
1.47 (1.30).


Comments from CEO Mats Wäppling:

“2009 started well for Sweco, particularly in Sweden and Norway. Operating
profit improved to SEK 166.2 million and net sales were up by 9 per cent. 

“Keen demand has been noted for assignments related to the environment, energy
and infrastructure, while the global economic downturn has inhibited demand for
services in the construction sector and parts of the industrial sector, above
all in Finland and Estonia. Market conditions have continued to deteriorate and
will also affect our other service segments. In response to this, we are
adapting our resources successively in pace with changes in the business
climate.

”At the same time, the long-term outlook is positive in several of our areas of
activity. The fundamental drivers underlying 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 demand primarily in the
environmental, energy and infrastructure areas.  
“Sweco's growth strategy stands firm. Our healthy finances provide a platform
for continued profitable growth and there is a high level of preparedness to
seize new opportunities in the years ahead.”


For additional information contact:

Mats Wäppling, President & CEO of Sweco
 Telephone: +46 8 695 66 07 / Telephone: +46 70 645 03 21
mats.wappling@sweco.se

Bo Jansson, Vice President & CFO of Sweco
Telephone: +46 8 695 66 06 / Telephone: +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 5,400 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 Sweco AB pursuant to the Swedish Securities Exchange and Clearing Operations
Act and/or the Financial Instruments Trading Act. The information was submitted
for publication on 4 May 2009, 12:20 CET.