Rejlers' Interim Report, January-September 2011
(Thomson Reuters ONE) -
Continued good demand and growth
January-September
* Revenue totalled SEK 823.3 million (586.2), an increase of 40 per cent
* The operating profit was SEK 73.9 million (31.8)
* The operating margin was 9.0 per cent (5.4)
* The profit after tax was SEK 50.7 million (23.4)
* Earnings per share were SEK 4.48 (2.16)
Third quarter
* Revenue totalled SEK 249.9 million (174.5), an increase of 43 per cent
* The operating profit was SEK 22.0 million (9.3)
* The operating margin was 8.8 per cent (5.3)
* The profit after tax was SEK 15.3 million (6.8)
* Earnings per share were SEK 1.35 (0.63)
Statement from Managing Director and Group CEO Peter Rejler
The demand of Rejlers services continues to grow strongly and this quarter was
our best third quarter ever. The economic turmoil creates some uncertainty about
how the economy will evolve over the next year, especially for the industrial
sector.
During the quarter we completed the acquisition of the first 49 per cent of the
shares in Nettkonsult. This gives us an increased presence in the Norwegian
market and increased sales in the energy sector. It is our belief that the
Norwegian energy market will be seeing major investments in areas including
electric mains, which will create high demand for consultants. To strengthen our
competence in the field of mine and tunnel ventilation, Nitek was acquired
during the quarter.
During the quarter customers entrusted us with several new assignments. These
include a framework agreement with the Norwegian National Rail Administration,
an assignment from E.ON in respect of new electric mains in Jämtland, and
planning assignments in the construction and property including electricity and
telecommunication for Finnair's new head office at Helsinki Airport.
We continue to grow strongly through employee recruitment, with a net increase
of 121 employees this year. Growth in revenue so far in 2011 has been 40 per
cent compared with 2010, evenly distributed between acquisitions and organic
growth. My confidence that we will achieve our objective of 3 x 2015 has
increased, i.e. by the year 2015 we will have revenue of at least SEK 2,015
million and at least 2,015 employees, in view of our strong development in
recent years.
For further information, please contact:
Peter Rejler, MD and CEO Tel. +46 (0)70 602 34 24, e-
mail:peter.rejler(at)rejlers.com
Lars Solin, CFO Tel. +46 (0)73 386 15 20, e-mail:lars.solin(at)rejlers.com
Rejlers is a Nordic Group offering technical consultancy services in the fields
of electrical engineering, energy, mechanical engineering, automation,
electronics, IT and telecommunications. Rejlers' shares are listed on the Nasdaq
OMX Nordic Exchange.
Q3 2011 eng:
http://hugin.info/131990/R/1559148/482173.pdf
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Source: Rejlers via Thomson Reuters ONE
[HUG#1559148]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 81955
Anzahl Zeichen: 3696
contact information:
Town:
Stockholm
Kategorie:
Business News
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