SWECO AB (publ) Interim report January - June 2008

SWECO AB (publ) Interim report January - June 2008

Continued strong growth in earnings 

• Operating profit improved by 39 per cent to SEK 335.0 million (240.4). 

• Operating margin was 11.9 per cent (10.4).

• Net sales increased by 22 per cent to SEK 2,803.7 million (2,302.7).

• Profit before tax was SEK 329.1 million (238.6).

• Profit after tax was SEK 236.3 million (166.4), equal to earnings per share of
SEK 2.76 (1.91).


Comments from CEO Mats Wäppling:

“Sweco performed well in the first half of 2008 and delivered continued growth
in both earnings and margins. Operating margin rose to 11.9 per cent. The most
significant improvement was seen in Norway, where operating profit nearly
doubled. 

Development in the long-term growth areas of infrastructure, energy and
environment remains very positive in all of Sweco's markets. In particular,
there is a growing interest in Sweco's special expertise in climate-related
issues and sustainable development. The current climate of economic uncertainty
has not had any appreciable impact on demand for our services.

We are working with a sustained focus on the emerging markets of Central and
Eastern Europe. In Russia Sweco acquired the remaining shares in the water and
environmental consulting company Lenvodokanalproekt and in Bulgaria we acquired
the country's leading energy consultancy Energoproekt Hydropower.

Sweco's healthy finances and leading market positions in areas like water and
environment, infrastructure and energy provide a solid platform for robust
long-term development.”


For additional information contact:

Mats Wäppling, President & CEO of SWECO AB
Phone +46 8 695 66 07 / Mobile +46 706 45 03 21
mats.wappling@sweco.se

Bo Jansson, Executive Vice President & CFO of SWECO AB 
Phone +46 8 695 66 06 / Mobile +46 734 12 66 06
bo.jansson@sweco.se

The information from Sweco contained herein is subject to the disclosure
requirements in the Securities Market Act and/or the Act on Trading in Financial
Instruments. The information was submitted for publication on 22 July 2008, 8:30
a.m.

Sweco is an international consulting company with combined expertise in
engineering, environmental technology and architecture. The Group has annual
sales of approximately SEK 4.6 billion and 5,500 employees in ten countries. The
company has projects currently underway in some 80 countries worldwide. Sweco is
a member of the OMX Nordic Exchange Stockholm.