1

Highlights

• Record earnings and strong growth 2012• Sweco Finland best performer• Solid demand in most segments• Slowdown in some segments Q4• Strong platform for profitable growth

2

October - December 2012

• Net sales amounted to SEK 2,093.5 million (1,786.1)

• Operating profit of SEK 182.5 million (191.6)

• Operating margin of 8.7 per cent (10.7)

• Profit after tax of SEK 114.3 million (129.0) and earnings per share of SEK 1.23 (1.41)

3

Full year 2012

• Net sales amounted to SEK 7,503.5 million (5,987.6)

• Operating profit of SEK 659.3 million (531,3)

• Operating margin of 8.8 per cent (8.9)

• Profit after tax of SEK 459.8 million (374.8) and earnings per share of SEK 4.97 (4.11)

• Net debt of SEK 409.3 million (140.9 net receivable)

• Proposed dividend of SEK 3.25 per share (3.00)

4

Income statement

5

October-December• Net sales growth 17%

– of which organic 2%• Best performer – Sweco Finland• Working hours 490 (496)

Full year• Net sales growth up 25%

– of which organic 8% • Best performer – Sweco Finland• Working hours 1,979

(1,996)

Oct-Dec Oct-Dec Full year Full yearSEK M 2012 2011 2012 2011

Net sales 2,093.5 1,786.1 7,503.5 5,987.6Other operating income 6.7 - 12.5 -Other external expenses -531.4 -481.3 -1,817.4 -1,505.1Personnel costs -1,317.1 -1,081.9 -4,861.6 -3,841.6Amortisation/depreciationand impairment losses -69.2 -31.3 -177.7 -109.6Operating profit 182.5 191.6 659.3 531.3Net financial items -11.3 -0.2 -28.5 -4.5Profit before tax 171.2 191.4 630.8 526.8Income tax expense -56.9 -62.4 -171.0 -152.0Profit for the period 114.3 129.0 459.8 374.8

Operating margin 8.7 10.7 8.8 8.9Billing ratio 74.0 74.8 74.2 73.9

Basic EPS 1.23 1.41 4.97 4.11Diluted EPS 1.23 1.41 4.97 4.11

Non recurring itemsPensions in Norway• Adjustment of defined benefit pension plans• SEK 48 million positive impact on operating profit Q4• Of which SEK 27 million estimated to be annually

recurring• Additional effects on balance sheet

Restructuring in Russia• Restructuring of Sweco IKTP• Impairment of goodwill and intangible assets,

restructuring reserve, add back of contingent considerations

• Net impact SEK -15.3 million on operating profit FY 2012

Impairment of goodwill Sweco Industry• Impairment of goodwill related to minor non-core holding

in Sweco Industry• SEK -11.5 million impact on Q4 operating profit

6

Balance sheet

7

• Net debt/equity ratio 23.9% (-9.4)

• Disposable cash and unutilized bank overdraft facilities of SEK 916.5 million (687.8)

• Proposed dividend of SEK 3.25 (3.0)

• Net impact of pensions SEK -60 million on equity Q1 2013 (IAS19R, adjusted discount rate principles and defined benefit plans in Norway)

SEK M 31 Dec 2012 31 Dec 2011

Goodwill 1,418.1 907.5Other intangible assets 144.6 88.3Tangible assets 288.5 230.8Financial assets 71.2 34.5Current assets exclusive cash and cash equivalents 2,400.3 1,776.1Cash and cash equivalents 366.8 219.6Total assets 4,689.5 3,256.8Equity attributable to owners ofthe Parent Company 1,692.2 1,493.2Non-controlling interest 22.3 10.5Total equity 1,714.5 1,503.7Non-current liabilities 835.3 192.3Current liabilities 2,139.7 1 560.8Total equity and liabilities 4,689.5 3,256.8Pledged assets 1.8 -Contingent liabilities 194.3 207.7

Equity/assets ratio, % 36.6 46.2Net interest-bearing liabilities, SEK M 409.3 140.9Net debt/Equity, % 23.9 -9.4Net debt/EBITDA, x 0.5 -0.2

Cash flow

8

Oct-Dec Oct-Dec Full year Full yearSEK M 2012 2011 2012 2011

Cash flow from operating activities before changes in working capital and paid tax 194.8 244.5 763.2 657.7Paid tax -17.0 -41.2 -197.7 -138.6Changes in working capital 116.8 120.9 -150.7 -6.1

Cash flow from operating activities 294.6 324.2 414.8 513.0Cash flow from investing activities -51.9 -157.6 -655.5 -312.9Cash flow from financing activities -208.4 -73.6 393.2 -355.9Cash flow for the period 34.3 93.0 152.5 -155.8

• Cash consideration of SEK 539.6 million paid for acquisitions during 2012, mainly related to acquisition of FMC

• Dividends of SEK 274.0 million paid during Q2

• Working capital within normal variations

Sweco SwedenHighlights• 2012 net sales growth 11%

• Strong market in most segments

• Slowdown in the residential sector

• Internal efficiency in focus

9

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 1,130.3 1,053.2 3,995.9 3,596.7

Operating profit, SEK M 134.4 139.2 413.2 412.3

Operating margin, % 11.9 13.2 10.3 11.5

Number of employees, end of period 3,395 3,202

Sweco NorwayHighlights• 2012 net sales growth 22%

• Continued strong market

• Positive effect from changes of pension plans

• Internal efficiency in focus

10

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 456.3 405.7 1,716.3 1,401.8

Operating profit, SEK M 76.7 45.2 190.0 125.9

Operating margin, % 16.8 11.1 11.1 9.0

Number of employees, end of period 1,144 1,060

Sweco FinlandHighlights• Best performer 2012, operating margin 11.7%

• FMC Group major contributor to group performance

• Stable demand in a challenging environment

11

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 263.8 27.0 893.5 92.4

Operating profit, SEK M 26.7 0.3 104.8 7.3

Operating margin, % 10.2 1.0 11.7 7.9

Number of employees, end of period 1,341 70

Sweco IndustryHighlights• Challenging environment in Finland end of year

- Significant drop in billing ratio- Temporary lay-offs- Impairment of goodwill

• Stable demand in Sweden

12

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 179.9 210.0 707.5 649.4

Operating profit/loss, SEK M -10.6 14.0 24.0 24.9

Operating margin, % -5.9 6.7 3.4 3.8

Number of employees, end of period 712 694

Sweco Central & Eastern EuropeHighlights• Improved demand in the Baltics and Bulgaria,

but from low levels

• Stable demand in Czech Republic

• Consolidation and restructuring of Polish operations

13

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 85.4 86.5 281.6 256.5

Operating profit, SEK M 0.7 5.3 6.6 1.6

Operating margin, % 0.8 6.1 2.4 0.6

Number of employees, end of period 863 917

Sweco RussiaHighlights• Very weak market for infrastructure

• More actions taken to adjust to current market situation - Restructuring charges - Impairment of goodwill

• Signs of improvement end of year

14

Oct-Dec 2012

Oct-Dec 2011

Jan-Dec 2012

Jan-Dec 2011

Net sales, SEK M 28.0 44.4 94.4 109.7

Operating profit/loss, SEK M -21.2 5.9 -36.0 10.3

Operating margin, % -75.8 13.5 -38.2 9.4

Number of employees, end of period 298 366

Market outlook

15

• Slowdown in certain segments, particularly in the housing sector and in some industrial segments

• Sweco’s markets trailing the general economic development

• Sweco’s home markets has stronger GDP growth and healthier public finances than the European average

• Well positioned for continued profitable growth