JULY – SEPTEMBER 2013 · Net sales of SEK 1,809.3 million (1,557.3). · Operating profit of SEK 106.0 million (98.8). · Operating margin of 5.9 per cent (6.3). · Profit after tax of SEK 70.8 million (61.5) and earnings per share of SEK 0.76 (0.66). · Net debt of SEK 1,548.9 million (635.5). JANUARY – SEPTEMBER 2013 · Net sales of SEK 5,751.4 million (5,410.0). · Operating profit of SEK 432.2 million (481.0). · Operating margin of 7.5 per cent (8.9). · Profit after tax of SEK 309.2 million (348.5) and earnings per share of SEK 3.35 (3.78). Comments from CEO Tomas Carlsson: – Operating profit for the third quarter rose to SEK 106 million which is the best third quarter so far for Sweco. The best performing business area was Sweco Norway, with an operating margin of close to 9 per cent. Operating profit excluding integration costs for Vectura amounted to SEK 121 million and operating margin excluding integration costs was 6.7 per cent. – At the end of July the relevant competition authorities approved Sweco’s acquisition of Vectura. The transaction was completed on 31 July and Vectura is consolidated in Sweco as of 1 August 2013. Together with Vectura, we are now the leader in the Nordic market with the strongest offering for the infrastructure of the future. The integration is proceeding according to plan and our assessment is that the acquisition will meet or exceed Sweco’s expectations. Further details about the status of the merger will be published ahead of Sweco’s Capital Markets Day on 29 November. – Overall demand for Sweco’s services is good, but with major variations still remaining. The market in Norway is strong and demand in Sweden is stable. In Finland, demand for building-related services is satisfactory. At the same time, the market for Finnish industrial consulting services is characterized by continued weakness. In Eastern Europe and Russia, the market is characterized by continued challenges. However, the actions taken are starting to yield positive effects and additional measures are planned. One step in this process is the merging of Sweco Russia and Sweco Central & Eastern Europe business areas. For additional information please contact: Tomas Carlsson, President & CEO, telephone +46 8 695 66 60 / +46 70 552 92 75, tomas.carlsson@sweco.se Jonas Dahlberg, CFO, Telephone +46 8 695 63 32 / +46 70 347 23 83, jonas.dahlberg@sweco.se Bo Jansson, Senior Vice President, Head of IR, telephone +46 8 695 66 06 / +46 73 412 66 06, bo.jansson@sweco.se Sweco is an international consulting group with combined expertise in consulting engineering, environmental technology and architecture. Sweco has annual sales of approximately SEK 8.8 billion and around 9,000 employees in the Nordic region and Central and Eastern Europe. The company has projects currently underway in some 80 countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB. Sweco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12:00 CET on 5 November 2013.
SWECO AB (publ) Interim report January-September 2013 JULY
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