Edition:
United Kingdom

Sweco April-June EBITA Down At SEK 422 Mln


Tuesday, 16 Jul 2019 

July 16 (Reuters) - Sweco AB (publ) ::INTERIM REPORT JANUARY - JUNE 2019 SWECO AB (PUBL).APRIL-JUNE NET SALES INCREASED TO SEK 5,214 MILLION (4,916).APRIL-JUNE PROFIT AFTER TAX DECREASED TO SEK 281 MILLION (330), CORRESPONDING TO SEK 2.39 PER SHARE (2.78).APRIL-JUNE EBITA DECREASED TO SEK 422 MILLION (464).SWECO CONTINUES TO DEVELOP POSITIVELY, IN LINE WITH TREND FROM RECENT QUARTERS.DEMAND FOR SERVICES IN REAL ESTATE SEGMENT REMAINS GOOD IN MOST COUNTRIES.IN PARTICULAR, FINLAND, BELGIUM AND NORWAY PERFORMED STRONGLY, COMBINING GOOD ORGANIC GROWTH WITH PROFITABILITY IMPROVE-MENTS..UK AND RESIDENTIAL CONSTRUCTION IN NORDICS - DEMAND REMAINS WEAK..SWEDEN CONTINUES TO DELIVER INDUSTRY LEADING PROFITABILITY, COMBINED WITH SOLID ORGANIC GROWTH.REPORTED EBITA AND NET SALES WERE NEGATIVELY IMPACTED BY APPROXIMATELY SEK 97 MILLION DUE TO LESS AVAILABLE CALENDAR HOURS COMPARED TO LAST YEAR - CEO.MARKET FOR SWECO'S SERVICES IS GOOD AND LARGELY UNCHANGED TO RECENT QUARTERS. 

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250.0
-0.8 -0.32%
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