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Rejlers after-tax profits up

By BFN News | 03:31 PM | Thursday 02 May, 2013


Rejlerkoncernen reports after-tax profits of SKr24.1m for the first quarter to the end of March - up from SKr23.1m last time. Revenues increased by 11% to SKr364.7m but operating profits fell to SKr26.6m from SKr31.7m a year ago. President and chief executive Eva Nygren said: "Rejlers experienced positive development with new employees who want to work with us and customers who demand our services. "We see a continued good market within Energy and Infrastructure in the Nordic region. "We occupy a strong position here, with an increased inflow of orders and new business opportunities. This primarily applies within telecommunications and railways, where we have recently been given the assignment to contribute our expertise when the Swedish rail network is adapted for high-speed trains. "Building and property continues to do well, particularly in the growing conurbations in Oslo, Helsinki, Stockholm and Gothenburg. A weakening within industry is most apparent in Finland. "Taking into account the calendar effect, Rejlers is reporting profits at the same level as last year. The best development has been in operations in the Sweden/Norway segment. This is where growth in the first quarter was almost 14%, and profits have increased compared with last year. "The recently implemented organisational changes in Sweden have resulted in positive effects with new business and increased cooperation between employees in Sweden and the Nordic region." Story provided by StockMarketWire.com

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