SWECO AB (publ) Interim report January

SWECO AB (publ) Interim report January - September 2010

Improved market, but slow recovery

July - September 2010

  · Net sales of SEK 1,088.9 million (1,062.8).
  · Operating profit of SEK 69.6 million (64.8).
  · Operating margin of 6.4 per cent (6.1).
  · Profit after tax of SEK 45.0 million (41.5) and earnings
per share of SEK 0.49 (0.46).

January - September 2010

  · Net sales of SEK 3,793.4 million (3,909.6).
  · Operating profit of SEK 304.2 million (348.5).
  · Operating margin of 8.0 per cent (8.9).
  · Profit after tax of SEK 214.1 million (248.6) and earnings
per share of SEK 2.37 (2.80).
  · Strong financial position with a net receivable of
SEK 36.3 million (189.7).

Comments from CEO Mats Wäppling:

“The market has improved and we are seeing clear signs of growth in
demand, among other things in the industrial and construction sectors.
But pace of recovery is slow, which is also reflected in our third
quarter profit. Four of our six business areas reported stronger
earnings and operating margins of over 10 per cent.

“Our growth strategy stands firm and we are continuing to take advantage
of new opportunities. Following the acquisition of Aros Arkitekter in
early October Sweco now has more than 500 architects, which makes us the
largest architectural firm in the Nordic region and one of the five
largest in Europe. So far this year Sweco has grown by close to 300
employees through acquisitions in Sweden, Norway and Poland.

“Sweco's healthy finances 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 further information please 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)
SWECO AB (publ) Interim report January - September 2010

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