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Year-end Report Rejlers AB 2014 Improved profitabi

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Post# of 301275
Posted On: 02/09/2015 2:15:08 AM
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Posted By: News Desk 2018
Year-end Report Rejlers AB 2014

Improved profitability in the fourth quarter Fourth quarter » Revenue increased by 12 per cent to SEK 464.1 million (414.9) » Operating profit was SEK 32.5 million (10.4) » The operating margin amounted to 7.0 per cent (2.5) » Profit after tax was SEK 24.7 million (7.4) » Earnings per share before dilution were SEK 2.01 (0.65) » Diluted earnings per share were SEK 2.01 (0.65) January–December » Revenue increased by 17 per cent to SEK 1,711.5 million (1,464.7) » Operating profit was SEK 48.6 million (66.0) » The operating margin amounted to 2.8 per cent (4.5) » Profit after tax was SEK 33.9 million (50.7) » Earnings per share before dilution were SEK 2.78 (4.45) » Diluted earnings per share were SEK 2.75 (4.44) » The Board proposes an unchanged dividend of SEK 2.00 per share (2.00) Statement from President and CEO Peter Rejler Compared to last year, Rejlers showed growth of 12 per cent over the quarter, 7 per cent of which came through organic growth. The fourth quarter shows improved profitability in line with our target of an 8 per cent operating margin over the course of a business cycle. The improvement in profit is mainly due to a greater volume of orders in Sweden and Finland compared to the previous year. Due to strong cash flow, we have an unchanged dividend. I believe we will see a positive trend for Rejlers’ services in 2015. The infrastructure and energy market is maintaining a high level of investment, and the market situation is good for construction investments in cities. We are also seeing signs of the industrial market stabilising. Recruitment is a priority area for meeting the demand for our services. In Sweden, this demand has risen, especially within telecommunications and the energy sector. In the second half of the year we restructured operations in Sweden, which temporarily led to a lower level of organic growth. In Finland, our volume of orders has improved signifi-cantly despite the weak economy. We have focused on adapting our operations to profitable areas and developed new services to meet the needs of the market. We see good opportunities for continued growth in the area of infrastructure and energy, and we have won new industrial assignments. In Norway, we have started to see the effects of the programmes of measures and the restructuring implemented successively in 2014. We do, however, need to increase the volume of orders and further canvass the market in order to achieve satisfactory profitability in Norway. I now have many building blocks in place, and it is in-spiring to develop operations together with my employees. There are favorable conditions to grow in areas with good profitability, and I expect that we will reach our previous growth target 3x2015. We will achieve our new growth target 2020-3030-4040 by being the most successful and healthy company in our industry in the Nordic region. For further information: Peter Rejler, President and CEO, tel. +46 (0)70 602 34 24, e-mail: peter.rejler@rejlers.se Mats Åström, CFO, tel. +46 (0)72 050 22 40, e-mail: mats.astrom@rejlers.se Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,800 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on the Nordic list of Nasdaq OMX.



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