Rejlers' Interim Report, January-June 2009
(Thomson Reuters ONE) - 30 July 2009Adjustment to weak industrial market conditionsFirst half-year* Turnover up by 1 per cent to SEK 405.3 million (400.3)* Operating profit was SEK 25.6 million (54.2)* Operating margin amounted to 6.3 per cent (13.5)* Profit after tax was SEK 18.3 million (38.8)* Earnings per share were SEK 1.69 (3.59)Second quarter* Turnover down by 5 per cent to SEK 195.3 million (205.4)* Operating profit was SEK 7.1 million (23.8)* Operating margin amounted to 3.6 per cent (11.6)* Profit after tax was SEK 4.8 million (17.3)* Earnings per share were SEK 0.44 (1.60)Statement from President and CEO Peter RejlerIndustrial market conditions have weakened further during thequarter, which has resulted in lower capacity for Rejlers industrialgroup. We are adapting to the order situation in Finland by makingtemporary lay-offs. The poorer profit in the Swedish business ismainly due to lower demand for industrial orders in the northernregion where we are adapting to the market conditions.Assignments within urban development are dominating Swedishoperations and are increasing in importance in Finland. Energy andinfrastructure assignments are providing a stable employment base.Capacity within Building and Property is satisfying due toassignments within public sector construction while private sectorconstruction business is shrinking in line with falling propertyprices.We continue to work hard with investments in training that willimprove the company's efficiency and strength on the market. Part ofour strategy is to assign industrial engineers to projects withinurban development as well as cost reductions.Rejlers' Norwegian operations received two significant orders duringthe quarter; one was a maintenance contract for Nokia Siemens, whilethe other was an energy metering assignment for Vattenfall in Norway.In Finland we will design and deliver all the electrical engineeringand automation to a new boiler facility in Tantunmaa in Estonia.Rejlers' financial position is good, and we are well prepared for anyfurther adjustment to market conditions.Our growth target remains. We are strengthening our business byrecruiting a new CFO for the Rejler Group with effect from 17 August2009.For further information, please contact:Peter Rejler, President and CEO, tel. +46 (0)70-602 34 24, e-mail:peter.rejler(at)rejlers.seKjell Sandin, CFO, tel. +46 (0)70-399 10 64, e-mail:kjell.sandin(at)rejlers.seRejlers is a Nordic group offering technical consultancy services inthe fields of electrical engineering, energy, mechanical engineering,automation, electronics, IT and telecommunications. Rejlers' sharesare listed on the Nordic list of Nasdaq OMX.http://hugin.info/131990/R/1331621/315144.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.07.2009 - 08:00 Uhr
Sprache: Deutsch
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