Rejlers grows in Norway Second quarter » Revenue increased by 10 per cent to SEK 368.6 million (335.4) » Operating profit was SEK 17.8 million (17.9) » Operating margin amounted to 4.8 per cent (5.3) » Profit after tax was SEK 12.4 million (13.0) » Earnings per share were SEK 1.09 (1.15) » Rejlers enhances its electric power expertise in Norway through acquisition of Omega Elkraft First half-year » Revenue totalled SEK 733.3 million (664.8), an increase of 10 per cent » Operating profit was SEK 44.4 million (49.6) » Operating margin amounted to 6.1 per cent (7.5) » Profit after tax was SEK 36.5 million (36.1) » Earnings per share were SEK 3.22 (3.19) Statement from President and CEO Eva Nygren Demand for Rejlers' services within Energy and Infrastructure are increasing at the same pace as investments are being made in these areas in the Nordic region. Energy and Infrastructure are also the areas showing a strong improvement in profit compared to last year. This is where we are further reinforcing our positions through the acquisition of Omega Elkraft in Oslo. We are now the largest private specialist within electric power in Norway. Our strategy of growing in the Nordic conurbations is being further enhanced by the increase in demand for our services within Building and property in Oslo, Stockholm and Helsinki. Rejlers' growth in the first half-year was 10 per cent, of which more than three quarters is organic. Operating profit for the first half-year amounted to SEK 44.4 million (49.6). The main reason for this reduction compared to last year is the poorer market conditions in parts of the industry affecting Finland throughout the period and Sweden during the second quarter. On the positive side, the measures taken to increase profitability in Finland have had a good effect in the second quarter. Our focus on strengthening our brand, improving communication internally and externally and also on developing our support systems will give us a stable platform from which to grow still further. The new communications concept - Energized Engineering - has now been launched on the markets where we are active. We are well on the way towards achieving our growth target 3X2015, which means that in 2015 we will have at least 2,015 employees and revenue of at least SEK 2,015 million. The financial target, of having an operating margin of 10 per cent over one business cycle, is a clear signal of the importance of growth with profitability. For further information, please contact: Eva Nygren, President and CEO, tel. +46 (0)73 412 66 60, e-mail: eva.nygren@rejlers.se Eva K Nygren, CFO, tel. +46 (0)73 412 59 60, e-mail: eva.k.nygren@rejlers.se Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 1,500 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 70 locations in Sweden, Finland, Norway and Russia. Rejlers has revenue of approx. SEK 1.3 billion and its Class B share is listed on the Nordic list of Nasdaq OMX. [HUG#1719032]
Interim report Rejlers AB January-June 2013 Rejlers grows
Top 10 Most Recent News Articles
Top 5 Most Recently Viewed Articles
CES 2025 Audit Shows Record Participation from Tech Leaders
CES 2025 Audit Reveals Attendance Boom CES strengthens as the global convener of the tech ecosystem solving challenges and improving lives The Consumer Technology Association (CTA) has released independently audited data for CES 2025, confirming its place as the most significant tech event worldwide. The audit illustrates a remarkable increase in attendance, attracting...
Continue Reading
Exciting Innovations Unveiled at HR Tech 2025 Next Week
Introduction to HR Tech 2025 Next week, the anticipated HR Tech 2025 conference will take place at Mandalay Bay in Las Vegas, showcasing a variety of innovative products poised to revolutionize the human resources space. This esteemed event is known for unveiling cutting-edge technology solutions that address the most pressing challenges faced by HR professionals today....
Continue Reading
Ipsen Expands Oncology Pipeline with ImCheck Acquisition
Ipsen Enhances Oncology Focus with Strategic Acquisition Ipsen has taken a significant step in the oncology landscape by announcing its acquisition of ImCheck Therapeutics, a pioneering company in immuno-oncology therapies. This move centers around ImCheck's promising clinical-stage program, ICT01, which targets acute myeloid leukemia (AML), a challenging form of cancer...
Continue Reading
Truxton Wealth Welcomes Tax Expert Matt Winn to Its Team
Truxton Wealth Welcomes Matt Winn Truxton Wealth is excited to announce a significant addition to its team with Matt Winn stepping in as Vice President and Wealth & Tax Strategist. This strategic move is poised to enhance the company’s ability to offer tailored tax planning solutions to high-net-worth clients, families, and various business entities. Why Matt Winn is a...
Continue Reading
Sikich Survey Reveals Declining Optimism Among Executives
Understanding the Latest Manufacturing Survey Results Recent findings indicate a shift in sentiment among manufacturing executives, revealing cautious optimism in the industry. This shift is highlighted by a survey conducted by Sikich, a leading global technology-enabled professional services firm based in Chicago. The Sikich Industry Pulse survey, gathers valuable...
Continue Reading