STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Continued recovery in the fourth quarter
Sweco (STO:SWECA) (STO:SWECB)
October – December 2010
· Net sales of SEK 1,479.0 million (1,429.1).
· Operating profit 128.5 million (95.1).
· Operating margin of 8.7 per cent (6.7).
· Profit after tax of SEK 85.8 million (46.0) and earnings per share of SEK 0.94 (0.51).
January – December 2010
· Net sales of SEK 5,272.4 million (5,338.7).
· Operating profit 432.7 million (443.6).
· Operating margin of 8.2 per cent (8.3).
· Profit after tax of SEK 299.9 million (294.6) and earnings per share of SEK 3.31 (3.31).
· Strong financial position with a net receivable of SEK 240.1 million (418.5).
· The Board proposes a dividend of SEK 3.00 per share (2.00).
Comments from CEO Mats Wäppling:
“Market development in the fourth quarter was characterised by ongoing recovery. Our largest business area, Sweco Sweden, showed stable development and reported an operating margin of just under 12 per cent. Above all, a faster rate of recovery was noted in the industrial and construction sectors.
“In 2010 we continued to strengthen our positions in Central and Eastern Europe and have established a new market in Poland through the acquisitions of Hydroprojekt Kraków and Transprojekt Kraków. In the past year we also acquired Aros Arkitekter and Sweco now have close to 500 architects, which makes us one of the largest architectural firms in Europe.
“Our growth strategy stands firm. Sweco’s healthy finances, leading market positions and wide service offering give us an excellent platform for profitable growth, both organic and through additional acquisitions in both existing and new markets in Europe. ”
Sweco is an international consulting group with combined expertise in consulting engineering, environmental technology and architecture. Sweco has 5,400 employees in 11 countries and recorded annual sales of about SEK 5.3 billion in 2010. The company has projects currently underway in some 80 countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.
The information contained herein may be subject to the disclosure requirements of Sweco pursuant to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 11 February 2011, 12:15 CET.
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