SWECO AB (publ) Year-end report 2010

SWECO AB (publ) Year-end report 2010

Continued recovery in the fourth quarter

October - December 2010

  · Net sales of SEK 1,479.0 million (1,429.1).
  · Operating profit 128.5 million (95.1).
  · Operating margin of 8.7 per cent (6.7).
  · Profit after tax of SEK 85.8 million (46.0) and earnings
per share of SEK 0.94 (0.51).

January - December 2010

  · Net sales of SEK 5,272.4 million (5,338.7).
  · Operating profit 432.7 million (443.6).
  · Operating margin of 8.2 per cent (8.3).
  · Profit after tax of SEK 299.9 million (294.6) and earnings
per share of SEK 3.31 (3.31).
  · Strong financial position with a net receivable of SEK 240.1 million
(418.5).
  · The Board proposes a dividend of SEK 3.00 per share (2.00).

 

Comments from CEO Mats Wäppling:

“Market development in the fourth quarter was characterised by ongoing
recovery. Our largest business area, Sweco Sweden, showed stable
development and reported an operating margin of just under 12 per cent.
Above all, a faster rate of recovery was noted in the industrial and
construction sectors.

“In 2010 we continued to strengthen our positions in Central and Eastern
Europe and have established a new market in Poland through the
acquisitions of Hydroprojekt Kraków and Transprojekt Kraków. In the past
year we also acquired Aros Arkitekter and Sweco now have close to 500
architects, which makes us one of the largest architectural firms in
Europe.

“Our growth strategy stands firm. Sweco's healthy finances, leading
market positions and wide service offering give us an excellent platform
for 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 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 (bo.jansson@sweco.se)