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Sustainable engineering & design

Sustainable engineering & design. Interim report January-September 2009. Operating profit of SEK 348.5 million (436.6) Operating margin of 8.9 per cent (11.0) Net sales amounted to SEK 3,909.6 million (3,962.8) Profit before tax of SEK 350.6 million (428.9)

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Sustainable engineering & design

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  1. Sustainable engineering & design

  2. Interim report January-September 2009 • Operating profit of SEK 348.5 million (436.6) • Operating margin of 8.9 per cent (11.0) • Net sales amounted to SEK 3,909.6 million (3,962.8) • Profit before tax of SEK 350.6 million (428.9) • Solid financial position with net cash of SEK 189.7 million (-58.1) Strong cash flow from operating activities of SEK 280.0 million (298.6) • Profit after tax of SEK 248.6 million (306.5) and earnings per share of SEK 2.80 (3.56)

  3. Income statement • Strong underlying result • in a difficult market • Global recession had a negative impact – but local variations • Operating result decreased • Negative calender effect

  4. Balance sheet • Solid financial position • Equity/assets ratio of51.4%. Ned debt/equity ratio of -13% • Disposable cash and unutilised bank overdraft facilities of SEK 890 million • Net interest-bearing receivable SEK 190 million

  5. Cash flow • Strong cash flow • SEK 280 million from operating activities

  6. Adjustments of resources 2009 • Full Time Equivalents • Company Termination Temp lay off* • Sweco Sweden 23 - • Sweco Finland 4 1 • Sweco Russia 15 - • Sweco CEE 151 10 • Sweco Industry, Finland 31 154 • 224 165 • # of employees in divested companies 130 • * As of September 30, 2009

  7. SEK M Sweco Sweden • Highlights • Net sales SEK 2,148 million (2,181) • Operating profit SEK 230 million (290) • Operating margin down from 13.2 to 10.7 % • Continued solid development for several sectors • A record assignment from Jordan regarding improvement of drinking water supply to Amman SEK M Average # of 2007 2008 Q3 2009 Employees 2,336 2,479 2,525

  8. SEK M Sweco Norway • Highlights • Net sales SEK 944 million (824) • Operating profit of SEK 95 million (88) • Operating margin down from 10.7 to 10.1 % • The general market situation improved in Q3 - signals of an upturn regarding industrial investments within the next year • Big demand for modernising water and sewage SEK M Average # of 2007 2008 Q3 2009 Employees 582 831 845

  9. SEK M Sweco Finland • Highlights • Net sales SEK 70 million (94) • Operating profit SEK 7 million (13) • Operating margin down from 13.8 to 10.0 % • No signs of a turnaround yet • The development of the market still hard to estimate SEK M Average # of 2007 2008 Q3 2009 Employees 77 87 71

  10. Sweco Central & Eastern Europe SEK M • Highlights • Net sales SEK 213 million (207) • Operating profit SEK 0 million (7) • Operating margin down from 3.4 to 0.0 % • Continued tough market situation in the Baltic region – but improved order intake • The ongoing adjustment to EU standards continues – but at a slower pace • Stable market condition in the Czech Republic and Bulgaria SEK M Average # of 2007 2008 Q3 2009 Employees 529 806 724

  11. Sweco Russia SEK M • Highlights • Net sales SEK 24 million (14) • Operating profit SEK 1 million (-5) • Operating margin up from -34.7 to 5.1 % • Increased demand for improvement of water and sewage SEK M Average # of 2007 2008 Q3 2009 Employees 64 126 148

  12. Sweco Industry SEK M • Highlights • Net sales SEK 587 million (735) • Operating profit SEK 20 million (73) • Operating margin down from 9.9 to 3.5 % • Finland hit hard by recession – industry markets in Norway and Sweden still OK • 3 extensive energy assignments in Russia and Kazakhstan SEK M Average # of 2007 2008 Q3 2009 Employees 1,097 1,110 845

  13. Market outlook Trend Segment Share of net sales Water & Environment Infrastructure Energy systems Building Service Systems Industry Structural Engineering Architecture Project Management Geographic IT 18% 15% 14% 14% 14% 10% 7% 6% 2% • General Drivers and Trends: • Environmental awareness • Urbanisation • EU expansion

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