Year-end Report 2008
2009-02-26
26 February 2009
Continued good profits and growth
Fourth quarterTurnover increased by 25 per cent to SEK 225 million (180) Operating profit amounted to SEK 21 million (21) Operating margin amounted to 9.2 per cent (11.6) Profit after tax increased by 6 per cent to SEK 15.5 million (14.6) Earnings per share increased by 6 per cent to SEK 1.43 (1.35)
January-December Turnover increased by 23 per cent to SEK 798 million (651) Operating profit increased by 36 per cent to SEK 96 million (70) Operating margin amounted to 12.0 per cent (10.8) Profit after tax increased by 40 per cent to SEK 70 million (50) Earnings per share increased by 40 per cent to SEK 6.45 (4.62) Number of full-time employees at the end of the period increased by 14 per cent to 925 (808)
Proposed dividend The Board is proposing a dividend of SEK 2.50 per share (2.50), which means a total dividend amount of SEK 27.1 million (27.0)
Statement from President and CEO Peter Rejler
During the fourth quarter of 2008, the volume of orders remained at a good level, although we experienced reduced demand from parts of the industry as a result of poor market conditions. Measures to meet a lower capacity have already been taken in Finland as well as in Sweden.
The results for the full year are our best ever. Growth has been good during the year, and we have strengthened our market positions in the Nordic region.
We have received several interesting assignments during the fourth quarter, such as planning of a new catenary system on the southern mainline railway link. We have also signed agreements with Telia Sonera Mobile Networks and with Statoil Norge AS.
Market conditions continue to deteriorate, which is most noticeable for Rejlers in reduced demand from industry. At the same time, we are seeing continued good demand within Infrastructure and Energy, sectors which account for a large part of Rejlers' turnover.
Rejlers has a strong financial position and is well positioned on the market. We are now taking measures to adapt activities to better suit market conditions. We have done this, most importantly, with resources being transferred from the industrial sector to infrastructure and energy and also through direct investments in training.
For further information, please contact:
Peter Rejler, President and CEO Tel. +46 (0)70-602 34 24, e-mail: peter.rejler@rejlers.se
Kjell Sandin, CFO Tel. +46 (0)70-399 10 64, e-mail: kjell.sandin@rejlers.se
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 Nordic list of the OMX Nordic Exchange Stockholm.
REJLERKONCERNEN AB (publ)
PO Box 490 61, SE-100 28 Stockholm, SWEDEN Visitors' address: Industrigatan 2A. Telephone +46 (0)8 692 10 00, Fax +46 (0)8 654 33 39
Co. reg. no. 556349-8426. The Board's registered office is in Stockholm. E-mail: info@rejlers.se. www.rejlers.se
Continued good profits and growth
Fourth quarter
January-December
Proposed dividend
Statement from President and CEO Peter Rejler
During the fourth quarter of 2008, the volume of orders remained at a good level, although we experienced reduced demand from parts of the industry as a result of poor market conditions. Measures to meet a lower capacity have already been taken in Finland as well as in Sweden.
The results for the full year are our best ever. Growth has been good during the year, and we have strengthened our market positions in the Nordic region.
We have received several interesting assignments during the fourth quarter, such as planning of a new catenary system on the southern mainline railway link. We have also signed agreements with Telia Sonera Mobile Networks and with Statoil Norge AS.
Market conditions continue to deteriorate, which is most noticeable for Rejlers in reduced demand from industry. At the same time, we are seeing continued good demand within Infrastructure and Energy, sectors which account for a large part of Rejlers' turnover.
Rejlers has a strong financial position and is well positioned on the market. We are now taking measures to adapt activities to better suit market conditions. We have done this, most importantly, with resources being transferred from the industrial sector to infrastructure and energy and also through direct investments in training.
For further information, please contact:
Peter Rejler, President and CEO Tel. +46 (0)70-602 34 24, e-mail: peter.rejler@rejlers.se
Kjell Sandin, CFO Tel. +46 (0)70-399 10 64, e-mail: kjell.sandin@rejlers.se
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 Nordic list of the OMX Nordic Exchange Stockholm.
REJLERKONCERNEN AB (publ)
PO Box 490 61, SE-100 28 Stockholm, SWEDEN Visitors' address: Industrigatan 2A. Telephone +46 (0)8 692 10 00, Fax +46 (0)8 654 33 39
Co. reg. no. 556349-8426. The Board's registered office is in Stockholm. E-mail: info@rejlers.se. www.rejlers.se
Share this page
