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1

17 July 2

CONPROF APRIL –

Net s

Opera

Opera

Profit

JANUAR

Net s

Opera

Opera

Profit

Net d

Commen

“Swecup bybest b “We hof whand N “Demsustasegm “Todatop ofadditifavou

2012

TINUEDFITABIL

– JUNE 2012

ales of SEK 1

ating profit of

ating margin

after tax of S

RY – JUNE 2

ales of SEK 3

ating profit of

ating margin

after tax of S

ebt of SEK 5

nts from CEO

co continues y 44 per cent business area

have maintainich 14 percen

Norway and th

mand for our sined strong d

ments.

ay Sweco hasf the industryonal acquisit

urable long-te

D STROLITY

2

1,943.1 millio

f SEK 149.6 m

of 7.7 per cen

SEK 121.5 mi

2012

3,852.7 millio

f SEK 380.9 m

of 9.9 per cen

SEK 286.0 mi

09.0 million (

O Mats Wäppl

to perform wcompared to a was Sweco

ned our growtnt organic. Thhe acquisition

services rose development,

s around 7,70, we have excions. Our widrm developm

NG GRO

n (1,506.7).

million (128.0)

nt (8.5).

llion (92.5) an

n (2,927.4).

million (264.6)

nt (9.0).

llion (189.6) a

74.6).

ing:

well. Operatingthe same pe Sweden, wh

th trajectory whe higher volun of FMC Gro

during the qubut there are

00 employeescellent potent

de service offement.”

OWTH

).

nd earnings p

).

and earnings

g profit for theriod of last ye

hich posted an

with overall gumes are maoup in Finland

uarter. Most ae increasing s

s. With a proftial to continuering and lea

WITH S

per share of S

per share of

e first half of tear. Operatingn operating m

rowth of 32 pinly attributab

d.

areas of operasignals of wea

fitability and fiue growing boding market p

SOLID

SEK 1.32 (1.0

SEK 3.11 (2

the year reacg margin was

margin of 11.4

er cent for thble to organic

ation are expeaker developm

nancial strenoth organicallyposition give

01).

.08).

ched SEK 381s 9.9 per cent4 per cent.

he first half of c growth in Sw

ected to enjoment in certa

ngth at the aby and throughus a solid pla

1 million, t. The

the year, weden

oy in

solute h atform for

2

PROFIT A Net salesConsolida3,852.7 mcent and Profit sumSEK M

Sweco Swe

Sweco Nor

Sweco Finl

Sweco CenEastern Eu

Sweco Rus

Sweco Indu

Group-wide

Operating

Consolidatefinancial ite

Profit befo

Operatingmillion (26explainedeffect of a Operatingto SEK 23earnings and risingcent (12.3 Sweco Nooperatingan operatearnings volumes fgrowth an Sweco Fi45.3 millioFMC GroFebruary million, anoperating The negaa significasegment. Sweco Inearnings to improv Consolidaacquisitio

AND FINANC

s and profit, Jated net sales

million (2,927.4acquisition-dr

mmary, Apr-Ju201

eden 94

rway 20

and 29

ntral & urope 1

ssia -3

ustry 12

e, etc. -5

profit 149

ed net ems 2

ore tax 152

g profit was up64.6). The inc

d mainly by higacquisitions.

g profit for Sw33.2 million (2is attributable

g volumes. Op3).

orway achieveg profit to SEKting margin of growth is duefrom both acqnd a better bill

nland reporteon (4.8) and a

oup, which is p2012, contrib

n operating prg margin of 11

ative earnings antly weaker m

dustry has shcompared to t

ved demand in

ated profit wason-related cost

CIAL POSITIO

January – Jus rose by 32 pe4). Organic groriven growth w

un 12

Apr- Jun 2011

.7 113.6

.2 16.4

.5 2.9

.7 0.6

.0 1.7

.1 3.8

.6 -11.0

.6 128.0

.7 -1.8

.3 126.2

p by 44 per cecrease of SEK gher volumes

eco Sweden r219.7). The im to a continue

perating margi

ed a strong imK 88.6 million (f 9.7 per cent ( to a favourab

quisition-drivenling ratio.

d an operatinga margin of 10part of the busuted net sales

rofit of SEK 40.0 per cent.

trend in Russmarket in the i

own a major ithe previous y

n Finland.

s negatively ats of SEK 12.5

ON

ne 2012 er cent to SEKowth was 14 p

was 18 per cen

Jan- Jun 2012

Jan

233.2

88.6

45.3

4.3

-5.8

33.3

-18.0

380.9

-3.5

377.4

ent to SEK 380116.3 million and the accre

rose by 6 per cprovement in d stable markn was 11.4 pe

mprovement in 54.0) and pos(7.8). This ble market, hign and organic

g profit of SEK.9 per cent (10iness area sins of SEK 364.10.1 million and

ia is explainednfrastructure

mprovement iyear, mainly ow

ffected by 5 million (4.4)

K per nt.

n-Jun2011

219.7

54.0

4.8

-2.6

1.4

6.8

-19.5

264.6

-3.9

260.7

0.9 is

etive

cent

ket er

sted

gher

K 0.9).

nce 1 1

d an

d by

in wing

and

amoSEK Operelatmilliocent The was The was ProfGroumillioSEK Prof Retuon c No splac EarnEarnbefo InveInveSEKfurniDepmillioSEK Conamoon c–528 CasThe stron Casmillioincluof thInter(230509. Durishar(272 The equi

ortisation of acK 23.0 million (

erating profit beted intangible on (273.5) andt (9.3).

billing ratio, in74.5 per cent

number of no972 (973).

fit before tax wup’s net financon (–3.9) and

K 10.9 million (

fit after tax wa

urn on equity wcapital employ

significant trane during the p

nings per shanings per sharore dilution and

estments estments in proK 58.6 million (iture, computereciation of eqon (36.3) and

K 27.5 million (

sideration paiounted to SEKconsolidated c8.3 million (–7

h flow and finGroup’s cash

ng at SEK 228

h and cash eqon (155.9). Diuding unutilisehe period totallrest-bearing d0.3). The net in.0 million (74.6

ng the year, dreholders in a 2.8).

net debt/equitty/assets ratio

cquisition-relat(8.9).

efore amortisaassets (EBITAd the EBITA m

ncluding all adt (73.5).

rmal working

was SEK 377.4cial items amoincluded forei

(–1.0).

s SEK 286.0 m

was 32.5 per ced was 33.4 p

nsactions with period.

are re amounted tod SEK 3.11 (2

operty, plant a(44.2) and refeers and other Iquipment amoamortisation o

(12.1).

d for the acqu781.3 million

ash and cash 8.7).

nancial posit flow from ope

8.3 million (80

quivalents amosposable cashd bank overdrled SEK 813.8ebt is reportednterest-bearing6).

dividends weretotal amount o

ty ratio was 33o was 31.7 per

ted intangible

ation of acquisA) was SEK 4

margin was 10

dministrative p

hours during t

4 million (260.ounted to SEKign exchange

million (189.6)

cent (23.7) anper cent (30.2)

related partie

o SEK 3.11 (22.08) after dilu

and equipmenerred mainly toIT investments

ounted to SEKof intangible a

uisition of com(125.1) and tequivalents w

tion erating activiti.0).

ounted to SEKh and cash eqraft facilities a8 million (646.d at SEK 844.g liability was

e paid to Swecof SEK 274.0

3.1 per cent (5r cent (42.1).

assets of

sition-03.9

0.5 per

personnel,

the period

.7). The K –3.5

effects of

).

d return ).

es took

2.08) tion.

t totalled o office s.

K 43.1 assets to

panies he effect

was SEK

es was

K 335.9 quivalents t the end 0). .9 million SEK

co AB’s million

5.5). The

3

EmployeThe numb(5,999). TGroup du Net salesNet sales(1,506.7)acquisitio Operatingoperating ConsolidaacquisitioamortisatSEK 12.7 Operatingrelated inmillion (13(8.9). The billing The numbwas 462 ( Profit befoafter tax w Cash flow148.7 mil Parent CThe Paremillion (42services. million (3SEK 3.2 mat the end THE SWESweco is price for t72.75, anOMX Stoover the s During th4,012 clashares wiArticles othereafterattributabattributab The total was 91,5and 82,13treasury s

ees ber of employThe average nuring the perio

s and profit, As rose by 29 pe. Organic grow

on-driven grow

g profit was 14g margin was 7

ated profit wason-related costtion of acquisit7 million (5.7).

g profit before tangible asset33.7) and the

g ratio was 75

ber of normal (471).

ore tax was Swas SEK 121.

w from operatilion (80.7).

ompany, Janent Company r2.2), all of whiProfit after ne1.9). Investmemillion (0.5) and of the period

ECO SHARE listed on NAS

the Sweco B sn increase of 2ckholm Genersame period.

e period, at thss A shares with the suppor

of Association.r is 17,595,18

ble to class A sble to class B s

number of sh16,847, of wh35,183 were oshares, the nu

ees at 30 Junnumber of empd was 7,200 (

April – June 2er cent to SEKwth was 10 pe

wth was 19 per

49.6 million (17.7 per cent (8

s negatively ats of SEK 0.3 tion-related in

amortisation ts (EBITA) waEBITA margin

5.1 (74.0).

working hours

EK 152.3 mill.5 million (92.5

ng activities a

nuary – June recorded net sich refers to inet financial itements in equipmnd cash and cd totalled SEK

SDAQ OMX Sshare at 30 Ju27 per cent dural Index rose

he request of swere convertedrt of the conve The total num2.3, of which 9shares and 8,2shares.

ares at the enich 9,381,664

of class B. Afteumber of share

e 2012 was 7ployees in the 5,597).

2012 K 1,943.1 millier cent and r cent.

28.0) and 8.5).

ffected by million (2.0) atangible asset

of acquisition-as SEK 162.3n was 8.4 per

s during the pe

ion (126.2). P5).

mounted to S

2012 sales of SEK 1ntra-group ms was SEK 8

ment amountedcash equivalenK 0.2 million (0

tockholm. Theune 2012 was ring the year. by 3 per cent

shareholders, d to class B rsion clause in

mber of votes 9,381,664 are213,518.3 are

nd of the periodwere of class

er deduction oes outstanding

,694

on

and ts of

-

cent

eriod

rofit

EK

113.8

8.9 d to nts

0.0).

e bid SEK The

t

n the

e e

d s A of g at

30 Jwere TreaSwesharcentthe v OPEThe at Swdeve7,70one SweworlareaFinlaRuss SweGrouNorwseveSwegrowEurostrento grorga The showimprgrowincre DemquarEurothe Ndow Therdemare rwhicfor inprodare idevechanareaassetraffiand

une 2012 wase of class A an

asury shareseco holds a totres. The treast of the total nuvotes.

ERATIONS ANengineers, arweco are workelopment of a 00 employees of the largest

eco carries outdwide. Operat

as: Sweco Sweand, Sweco Csia and Sweco

eco is well posup has marketway and Finlaeral countries eco’s home mawth and healthopean averagength at the toprow faster thananically and th

acquired opewing favourabroved performwth and profitaeasingly worki

mand for Swecrter. However,ozone is also sNordic region

wnturn in certai

re are powerfumand for consu

related to urbach are among nfrastructure, duction and coincreasingly stelopment of songe. This is stas like energy essments, renic planning, wsoil/site reme

s 91,342,847, nd 81,961,183

tal of 174,000 ury shares coumber of shar

ND MARKET chitects and eking together tsustainable soin 13 countrieplayers in Eu

t projects in sotions are condeden, Sweco entral & Easteo Industry.

itioned for prot-leading positnd and solid nin Central andarkets have gehier public finae. With a profip of the industn the market arough acquisit

rations in Finnle developmeance for Swec

ability. Sweco’sng in joint ass

co’s services w, the financial starting to affeand there is gn segments.

ul drivers that ulting engineeranisation and other things cindustrial prod

onstruction. At tringent requirociety and adaimulating demefficiency, envewable energater supply, wdiation.

of which 9,383 were of class

class B treasrrespond to 0

res and 0.1 pe

environmentalto contribute t

society. With aes, the Sweco rope. Every yeome 80 countrducted in six bNorway, Swecern Europe, S

ofitable growthtions in Swedeniche positionsd Eastern Euroenerally highe

ances than theitability and fintry, Sweco hasaverage, both tions.

nish FMC Groent and contribco in terms of s Finnish unitssignments.

was good duriturbulence in

ect market foregreater likeliho

are boosting ring services. rising living st

contributing to duction, energt the same timrements for suaptation to clim

mand for servicvironmental im

gy solutions, efwastewater tre

81,664 s B.

ury .2 per

er cent of

experts to the

around Group is ear, ries

business co weco

h. The en, s in ope.

er GDP e nancial s capacity

up are buting to

both s are

ng the the

ecasts for ood of a

long-term These

tandards, a need

gy e, there

ustainable mate ces in mpact ffective atment

4

Sweco S

Net sales a

Net sales, S

Operating p

Operating m

No. of empof period

Sweco Swconsultinglargest busome 50 ArchitectuSystems,ManagemInstitutionproject exAsia, the The markstable devremains pwater supfor buildinalthough developmforecasts revised doffering inand stron In the secplan a nein Eksjö afor sustaiAgency foStockholmconstructspectaculRoyal Opprepare aWeichangwill be debecome aother thin

Sweden

and profit

SEK M

profit, SEK M

margin, %

loyees at end

weden is the cg engineering usiness area, locations. Serure, Structural Infrastructure

ment, Energy Snal Services. Sxports to counMiddle East a

ket for Sweco velopment dupositive in mospply, energy ang-related servthere are incr

ment in certainfor new resid

ownwards. Intn sustainable ng long-term d

cond quarter Sew utility systeand to developnable fishing oor Marine andm, Sweco hasion and projeclar restaurant

pera House. Ina developmentg, which borde

eveloped into aa leading destngs.

Apr-Jun

2012

AprJun

2011

1,013.8 923.3

94.7 113.6

9.3 12.3

country’s leadservices and with around 3rvices are offel Engineering,e, Water & EnvSystems, GeoSweco Swedentries in Easterand Latin Ame

Sweden was ring the periodst areas, suchnd geographicvices is curreneasing signals segments. Amential productterest in Swecurban developemand is anti

Sweco signed ms building atp a geographicon behalf of th Water Manag

s been responsct managemenbuilding on th

n China, Swect plan for the cers on Inner Ma sustainable tination for eco

r- n 1

Jan-Jun

2012

J

2

3 2,044.7 1,79

6 233.2 2

3 11.4

3,329 3

ing provider othe Group’s ,300 employe

ered in the are Building Servvironment, Pro

ographical IT an has extensivrn Europe, Afr

erica.

characterised d. Demand

h as infrastructcal IT. The mantly favourables of a weaker mong other thtion have beenco’s service pment is growcipated.

agreements tt Högland Hoscal IT support he Swedish gement. In censible for nt for The Cub

he roof of the co’s architects county of Mula

Mongolia. The region and o-tourism, amo

Jan-Jun

2011

93.0

19.7

12.3

,055

of

ees in eas of vice oject and ve rica,

by

ture, arket e,

hings, n

wing

to spital tool

ntral

be, a

will an area

ong

Swe

Net s

Net s

Oper

Oper

No. oof pe

SweconsbusiWatInfra Tronsince Swesustis nofrieninfrarailwSwecertiservand of thgeneserv In thfor dcomarearequNorwfor sfish carricontman Swe

Net s

Net s

Oper

Oper

No. oof pe

As oemp

eco Norway

sales and profit

sales, SEK M

rating profit, SEK

rating margin, %

of employees at eriod

eco is one of Nsultancies, witness area is oer & Environm

astructure, Bui

n Kjølhamar ise 14 May 201

eco’s Norwegiaained favoura

oting strong dendly residentiaastructure areaway networks aeco. A joint Noficate system

vices related towind power. A

he country’s werating good lo

vices.

he second quadesign manageplex for Watri

a of 13,500 squirements for awegian consulservices in conoil factory in Uied out jointly tract, which ennagement and

eco Finland

sales and profit

sales, SEK M

rating profit, SEK

rating margin, %

of employees at eriod

of 1 February 2ployees is part

Apr-Jun

2012

438.2

K M 20.2

4.6

end

Norway’s largeh 1,100 emplo

organised in siment, Building

lding Service

s the new Pres2.

an operations ble market. Themand for enel and commer

a, rising investare creating a rwegian/Swedis leading to a

o renewable eA continued neater and wasteong-term dem

arter Sweco waement of an eum Eiendom. uare meters aa passive buildltants have alsnnection with tUruguay. The awith Sweco In

ntails main resprocurement

Apr-Jun

2012

259.3

K M 29.5

11.4

end

2012, FMC Grof the Sweco

Apr- Jun

2011

JaJu

20

339.5 910

16.4 88

4.8 9

1,1

est engineeringoyees. The Noix divisions: E& ConstructioSystems and

sident of Swec

are experienche constructioergy-efficient arcial propertiestments in the

a positive markdish electricitya better marke

energy, primareed for modertewater system

mand for Swec

as given respoeco-certified of

The structureand will meet ading. Sweco’sso been commthe constructioassignment is

ndustry under sponsibility forof contracting

Apr- Jun

2011

JaJu

20

23.9 415

2.9 45

12.0 10

1,3

roup with arouo Finland busin

an-un 12

Jan-Jun

2011

0.7 688.9

8.6 54.0

9.7 7.8

00 960

g orwegian nergy,

on, Vest.

co Norway

cing a on sector and eco-s. In the road and ket for y et for ily hydro rnisation ms is also co’s

onsibility ffice

e has an all the

missioned on of a s being an EPCM

r project g services.

an-un 12

Jan-Jun

2011

5.3 44.0

5.3 4.8

0.9 10.9

36 68

und 1,250 ness

5

area. FMCof structuindustrial Group is leader in also incluprimarily in the infrsectors. Demand fremainedfor commFor publicrising volupositive insector, whhas weakis expecte Two new structuralPetersburmeters anin HelsinkmanagemKangasalstation in Sweco C

Net sales a

Net sales, S

Operating p

Operating m

No. of empof period

Sweco Ceemployeethe Czech The markunchangeare notingwater andBaltic regand indusis showinservices. remains pinfrastruccompetitioparticular The ongoand Easte

C Group offerral engineerinengineering, among other tstructural eng

udes Sweco Poffers project

rastructure, co

for Sweco’s bd favourable dumercial and offic facilities sucumes are awan the renovatiohile the markekened. Overalled to remain s

contracts dur engineering org with a total nd modernisatki. Other assigment for a newla and renovatKirkkonummi

Central & East

and profit

SEK M

profit, SEK M

margin, %

loyees at end

entral & Eastees and is activh Republic, Sl

ket situation ined. The Baltic g increased ded environmentgion is also goostry-related asg strong demaIn Poland, the

positive while cture market ison is being felrly in connectio

oing adaptationern Europe is

rs services mang, building seenergy and enthings the Fin

gineering. TheM with 78 emmanagement

onstruction and

uilding-relateduring the perioice properties

ch as schools aaited. Developon, rebuilding et for residentil demand for Sstable.

ring the quarteof a new shoparea of aroun

tion of the Itis gnments includw healthcare cetion/rebuilding.

tern Europe

Apr-Jun

2012

ApJ

20

68.1 60

1.7 0

2.4 1

ern Europe have in Estonia, Llovakia and Bu

n the business States and th

emand for Swtal services. Dod with regard

ssignments. Inand for projece water and endemand for se

s weaker. Intenlt throughout ton with public

n to EU standcontinuing to

ainly in the arervice systemsnvironment. Fnish market-business area

ployees, whicservices to cl

d industrial

d services od and the mawas unchang

and hospitals,ment is also and expansioal constructionSweco’s servic

er involved pping centre innd 123,000 sqshopping cen

de project entre in g of a railway

pr- un

011

Jan-Jun

2012

0.8 134.5

0.6 4.3

1.1 3.2

884

s close to 900Lithuania, Polaulgaria.

area is largelhe Czech Repuweco’s energy, Demand in the d to infrastructn addition, Estoct managemennvironmental aervices in the nse price the business aprocurements

ards in Centrabenefit all of t

eas s, FMC

a h ients

arket ged. ,

on n ces

n St. uare

ntre

Jan-Jun

2011

115.7

-2.6

-2.2

863

0 and,

y ublic

ture onia

nt area

area, s.

al the

busienvi In Estransof a transout aMaribeenresidhasof mSwein tha stu Swe

Net s

Net s

Oper

Oper

No. oof pe

SweservSweprojeRuss Bo Csince In thlargependprimare aAn imseco Russinveener Swedurinconninnoroada neSt. PwastSosn

ness area’s aronment, ener

stonia Sweco sportation connew LRT linesportation in Ta study on waijampolé and in awarded a pdential projectbeen chosen

motorway betweco will study ee city of Nitra udy on the wa

eco Russia

sales and profit

sales, SEK M

rating profit, SEK

rating margin, %

of employees at eriod

eco Russia hasvices in Infrasteco Russia is aect exports frosia.

Carlsson is thee 1 May 2012

he wake of thee number of pding new deci

marily affectedactive in statemproved markond half of the

sia has strongstment is anticrgy and indust

eco was awardng the period, nected to consovation centre ds in Pskov anew urban commPetersburg. Swtewater treatmnoviy Bor, Soa

ctivities in the rgy and infrast

has won seventracts, such a

and a study oTallinn. In Lithuste managemn Poland, Swe

planning and din Warsaw. Ato provide sereen Brzesko aexpansion of tand in Bulgarter supply in t

Apr-Jun

2012

27.2

K M -3.0

-11.1

end

s around 300 ructure and Walso responsibom the other b

e new Preside.

Russian presrojects have bsions to moveSweco NIPI a-financed projket situation is year.

g public financcipated in the trial areas.

ded a number including add

struction of theoutside Mosco

nd a feasibility munity for 60,0weco has also

ment contractsartavala and T

water and structure areas

eral new publias planning anon future publiuania, Sweco

ment in the cityweco’s architecdesign contracAlso in Polandrvices for a neand Krzyz. In the wastewateria, Sweco wilthe city of Stra

Apr- Jun

2011

JaJu

20

27.1 59

1.7 -5

6.2 -9

3

employees anWater & Enviroble for coordinbusiness areas

ent of Sweco R

sidential electibeen postponee forward. Thisand Sweco IKTjects to a larges expected in t

ces and ongoininfrastructure

of mid-sized cditional assigne new Skolkov

cow, general pstudy on the

000 residentso won several s, for example Tscherepovets

s.

c nd design ic will carry

y of cts have ct for a , Sweco

ew section Slovakia,

er network l perform

aldzha.

an-un 12

Jan-Jun

2011

9.7 32.2

5.8 1.4

9.7 4.4

23 379

nd offers onment. nation of s to

Russia

on, a ed s has TP, which e extent. the

ng , water,

contracts ments vo

planning of design of outside new in

s.

6

Sweco In

Net sales a

Net sales, S

Operating p

Operating m

No. of empof period

Sweco Inindustrial capabilitieproject mdevelopmemployeeNorway, Slargest inIndustry aEurope awith a focpetrochemindustries The markdevelopmassignmenew recruNorway h InvestmeSouth Amdemand fFinland ainvestmenSwedish invest, maindustry hexpectedbeen seeconsultingpetrochem New contprojects fGothenbuhas perfoFinnish aprojects t2012. ACQUISIAcquisitioof employ190 emplgrowth. During tharchitectu

ndustry

and profit

SEK M

profit, SEK M

margin, %

loyees at end

dustry is the Gconsulting se

es include stuanagement se

ment of industres in Finland, 2Sweco Industrdustrial enginalso has operand South Ame

cus on the enemical, pulp ans, as well as o

ket situation inment. The sharents is rising auitment. Markehas also remai

nts in new pulmerica and Rufor Sweco’s in

and Sweden. Snt in the mininpulp and papeainly in existinhas remained . An increase

en in the energg engineering mical industry

tracts won in tfor clients suchurg and Gazprormed a numbnd Swedish phat are expec

ITIONS ons during 201yees in the Swoyees have b

e quarter, Swural firm of Ark

Apr-Jun

2012

ApJ

20

191.9 157

12.1 3

6.3 2

Group’s resouervices. The budies, planningervices for exprial facilities. W230 in Swedery is one of theeering consultations in Russerica. The busergy, chemicad paper, mininffshore projec

n Finland is shre of large and

and there is a get developmenined favourab

lp and paper mssia are expe

ndustrial consuSweden is notng and energyer industry is ang facilities. Thactive and nein the numbe

gy sector. Demservices in this relatively s

the second quh as Andriz, Mrom. In additioer of feasibilityrocess indust

cted to start in

12 have increaweco Group byeen added thr

eco acquired kkitehtitoimisto

pr- un

011

Jan-Jun

2012

7.3 384.7

3.8 33.3

2.4 8.7

707

rce for qualifieusiness area’sg, engineering pansion and

With some 450n and 20 in e Nordic regiotancies. Swec

sia, Eastern siness area wol and ng and mineracts.

owing stable d more long-tegrowing need nt in Sweden ale.

mills in Asia, cted to stimulaultants in both ing continued

y industries. Thalso continuinghe Finnish minw investmentsr of inquiries h

mand for he chemical antable.

arter include Metso, the Porton, Sweco Indy studies for thries regardingthe second ha

ased the numby 1,180. A furtrough organic

the Finnish o Brunow &

Jan-Jun

2011

301.8

6.8

2.3

657

ed s and

0

on’s co

orks

al

erm for and

ate

he g to ning s are has

nd

rt of ustry he

g alf of

ber ther

c

Mauone ACCSweAccothesEurointerInterAccoBoaEntitapplin No RISKThe Swebusiinveattraof podiffeexchsignfromrepo FINAInterYea OUTThe archtherefor wambstrenand finangrowsolid

unula Oy with of Finland’s le

COUNTING POeco complies wounting Stand

se (IFRIC) thatopean Commirim report is prrim Financial Rounts Act and rd’s recommeties. The accoied by the Groote 1 of the an

KS AND UNCsignificant ris

eco Group andness risks tiedstment spend

act and retain olitical decisio

erent types of fhange risk, intificant risks ar

m those presenort for 2011, ”R

ANCIAL CALErim report Janr-end report 2

TLOOK market for co

hitectural servie is a greater weaker develobition is to achngthening its min Central and

nces, leading wth areas and d platform for s

18 employeeseading residen

OLICIES with the Internaards (IFRS) at have been enssion for appliresented in acReporting, thethe Swedish ndation RFR 2

ounting and vaoup are the sannual report fo

CERTAINTIESks and uncerta

d the Parent Cd to the generaing in differencompetent pens. The Groupfinancial risk, serest rate riskre assessed tonted on page 8Risk managem

ENDAR 2012 uary-Septemb012

nsulting enginces is currentlikelihood of apment in certaieve sustainedmarket positiod Eastern Euromarket positiowide offering

stable long-ter

s. Brunow & Mntial architectu

ational Financand interpretatndorsed by thication in the Eccordance withe Swedish AnnFinancial Rep2, Accounting

aluation standaame as those or 2011.

S tainties affectin

Company inclural economic tnt markets, theersonnel and thp is also exposuch as foreig

k and credit riso have arisen 82 of Sweco’s

ment”.

ber 5 Novem

14 Febru

neering and tly favourable,an increased pain segments.d profitable gr

ons in the Nordope. Sweco’s

ons in several of services pr

rm developme

Maunula is ural firms.

cial ions of e EU. This h IAS 34, nual porting for Legal ards described

ng the de rend and

e ability to he effects

osed to gn sk. No aside

s annual

ber 2012 ary 2013

although probability . Sweco’s owth by dic region healthy important

rovide a ent.

7

For addit Mats WäpTelephonmats.wap Jonas DaTelephonjonas.dah Bo JanssTelephonbo.jansso SWECO AGjörwellsSE-100 2TelephonE-mail: in Sweco dipursuant Financial was submCET.

tional inform

ppling, Presidne +46 8 695 6ppling@sweco

ahlberg, CFO ne +46 8 695 6hlberg@sweco

son, Senior Vicne +46 8 695 6on@sweco.se

AB (publ) Cosgatan 22, Box26 Stockholm, ne +46 8 695 6nfo@sweco.se

scloses the into the SecuritInstruments T

mitted for publ

ation contact

ent & CEO 66 07 / +46 70o.se

63 32 / +46 70o.se

ce President 66 06 / +46 73

orp. identity nox 34044, Sweden

60 00, Fax +46e www.sweco

nformation proties Markets ATrading Act. Tication on 17 J

t:

0 645 03 21

0 347 23 83

3 412 66 07

o. 556542-984

6 8 695 66 10group.com

vided herein Act and/or the The informationJuly 2012, 11:

1

0

n :15

8

G B P B Th Em

The Boardprovides aoperations

uncerta

Gunnel DuvebBoard member

Pernilla Ström Board member

homas Holm mployee repre

T

d of Directors a true and fair s of the Parentinties to which

Olle Nord Chairman

lad r

r

esentative

This report ha

and the CEO picture of the

t Company anh the Parent C

Stockh

dström n

J B

C B

G E

M P

B

as not been ex

hereby give te business actnd the Group, Company and

holm, 17 July 2

Johan NordstrBoard membe

Carola Teir-LeBoard membe

Göran KarlojaEmployee rep

Mats WäpplingPresident & CBoard membe

xamined by the

their assurancivities, financiaand describesthe Group com

2012

Anders G Board me

römer

ehtinener

resentative

g EO

er

e company’s a

e that this inteal position ands the significanmpanies are e

G. Carlberg ember

Aina N Board

Kai W Board

Anna Emp

auditors.

erim report d results of nt risks and exposed.

Nilsson Ström d member

Wärn d member

a Leonsson ployee represeentative

9

Income sta

Net sales

Other exter

Personnel c

Amortisatioimpairment

Operating

Net financia

Profit befo

Income tax

PROFIT FO

Profit for t

Owners of t

Non-contro

Earnings peowners of t

- Basic

- Diluted

Average nu

Average nu

Dividend pe

Statement SEK M

Profit for t

Translation

COMPREHPERIOD

Compreheto:

Owners of t

Non-contro

Cash flow

Cash flow fchanges in

Paid tax

Changes in

Cash flow

Cash flow f

Cash flow f

CASH FLO

atement, SEK M

rnal expenses

costs

on/depreciation at

profit

al items

ore tax

x expense

OR THE PERIOD

he period attrib

the Parent Comp

olling interests

er share attributathe Parent Comp

umber of shares

umber of shares

er share, SEK

of comprehens

he period

n differences

HENSIVE INCOM

ensive income a

the Parent Comp

olling interests

statement, SEK

from operating acworking capital

n working capital

from operating

from investing ac

from financing ac

OW FOR THE PE

M

and

D

butable to:

pany

able to pany, SEK

after dilution

sive income,

ME FOR THE

attributable

pany

K M

ctivities before and paid tax

activities

ctivities

ctivities

ERIOD

Apr-Jun 2012

1,943.1

-459.2

-1,297.2

-37.1

149.6

2.7

152.3

-30.8

121.5

120.3

1.2

1.32

1.32

91,342,847

91,342,847

-

Apr-Jun2012

121.5

-20.0

101.5

100.5

1.0

Apr-2

17

-5

2

14

-6

-17

-9

Apr-Jun2011

1,506.7

-358.2

-994.2

-26.3

128.0

-1.8

126.2

-33.7

92.5

92.1

0.4

1.01

1.01

90,941,274

90,952,698

-

Apr-Jun 2011

92.5

29.6

122.1

121.4

0.7

-Jun2012

Apr-Ju20

76.5 151

50.1 -59

22.3 -11

48.7 80

69.1 -80

71.2 -200

91.6 -200

Jan-Jun2012

3,852.7

-876.8

-2,523.6

-71.4

380.9

-3.5

377.4

-91.4

286.0

284.0

2.0

3.11

3.11

91,386,584

91,386,584

-

Jan-Jun 2012

286.0

-16.9

269.1

267.4

1.7

un11

Jan-Jun2012

1.9 428.4

9.3 -142.9

1.9 -57.2

0.7 228.3

0.2 -571.8

0.6 464.6

0.1 121.1

Jan-Jun2011

2,927.4

-684.0

-1,929.5

-49.3

264.6

-3.9

260.7

-71.1

189.6

189.3

0.3

2.08

2.08

90,944,024

90,944,024

-

Jan-Jun 2011

189.6

20.8

210.4

209.9

0.5

n2

Jan-Jun 2011

4 310.5

9 -119.8

2 -110.7

3 80.0

8 -122.2

6 -182.2

1 -224.4

Jul 2011 - Jun 2012

6,912.9

-1,697.9

-4,435.7

-131.7

647.6

-4.1

643.5

-172.3

471.2

468.2

3.0

5.14

5.14

91,079,526

91,079,526

-

Jul 2011 - Jun 2012

471.2

-51.3

419.9

417.5

2.4

Jul 2011 - Jun 2012

775.6

-161.7

47.4

661.3

-762.5

290.9

189.7

Full year2011

5,987.6

-1,505.1

-3,841.6

-109.6

531.3

-4.5

526.8

-152.0

374.8

373.5

1.3

4.11

4.11

90,858,246

90,861,102

3.00

Full year2011

374.8

-13.6

361.2

360.0

1.2

Full year2011

657.7

-138.6

-6.1

513.0

-312.9

-355.9

-155.8

10

�Balance sh

Goodwill

Other intan

Property, p

Financial as

Current ass

Cash and c

TOTAL AS

Equity attrib

Non-contro

Total equit

Non-curren

Current liab

TOTAL EQ

Pledged as

Contingent

Changes in

Equity, ope

Comprehen

Distribution

Non-contro

Acquisition

Change in

Issue of tre

Repurchase

Share owne

EQUITY, C

heet, SEK M

ngible assets

lant and equipm

ssets

sets excl. cash a

cash equivalents

SSETS

butable to owner

olling interests

ty

nt liabilities

bilities

QUITY AND LIAB

ssets

liabilities

n equity, SEK M

ening balance

nsive income for

n to the sharehold

olling interests in

of non-controllin

non-controlling in

easury shares

e of treasury sha

ership programm

CLOSING BALAN

ent

nd cash equivale

incl. short-term

rs of the Parent C

BILITIES

M

the period

ders

acquired compa

ng interests

nterests

ares

me

NCE

ents

investments

Company

nies

30 Ju

Ja

Equity attributable

to owners of the Parent Company

1,493.2

267.4

-274.0

-

0.1

-

46.9

-12.0

0.6

1,522.2

un 2012

1,453.4

168.3

257.8

43.0

2,594.9

335.9

4,853.3

1,522.2

18.1

1,540.3

851.7

2,461.3

4,853.3

28.4

225.8

n-Jun 2012

Non- controlling

interests

10.5 1,5

1.7 2

-0.8 -2

6.9

-0.2

-

-

-

-

18.1 1,5

30 Jun 2011

798.0

85.8

214.9

64.7

1,927.0

155.9

3,246.3

1,355.6

9.6

1,365.2

170.5

1,710.6

3,246.3

16.8

195.8

Total equity

Eattribut

to ownethe PaCom

503.7 1,419

269.1 209

274.8 -272

6.9

-0.1

- -0

46.9

-12.0 -1

0.6

540.3 1,355

1 31

0

8

9

7

0

9

3

6

6

2

5

6

3

8

8

Jan-Jun 2011

Equity table

ers of arent

mpany

Non- controllin

interest

9.6 10.0

9.9 0.5

2.8 -1.0

- -

- -

0.1 0.1

- -

.0 -

- -

5.6 9.6

Dec 2011

907.5

88.3

230.8

34.5

1,776.1

219.6

3,256.8

1,493.2

10.5

1,503.7

192.3

1,560.8

3,256.8

-

207.7

1

ng ts

Total equity

1,429.6

210.4

-273.8

-

-

-

-

-1.0

-

1,365.2

11

�Key ratios

Operating m

Profit marg

Billing ratio

Return on e

Return on c

Net debt/eq

Equity/asse

Earnings pe

- Basic

- Diluted

Equity per sParent Com

- Basic

- Diluted

Interest-bea

Of which, li

Average nu

Number of

Number of

Number of

Number of

�1) The defin Net sales

Business a

Sweco Swe

Sweco Nor

Sweco Finl

Sweco Cen

Sweco Rus

Sweco Indu

Group-wide

Total Grou

Operating

1)

margin, %

in, %

, %

equity, %

capital employed

quity ratio, %

ets ratio, %

er share, SEK

share for profit ampany, SEK

aring liabilities, S

abilities to credit

umber of employe

shares on closin

shares after dilu

shares after full

class B treasury

nitions of key rat

s, operating p

area

eden

rway

and

ntral & Eastern E

ssia

ustry

e, eliminations, e

up

g profit for gro

d, %

ttributable to own

SEK M

t institutions

ees

ng date

tion on closing d

dilution on closin

y shares

tios are unchang

profit, operat

Europe

etc.

up-wide cons

ners of the

ate

ng date

ed and can be fo

ing margin an

Net salesSEK M

2012 2

2,044.7 1,79

910.7 68

415.3 4

134.5 1

59.7 3

384.7 30

-96.9 -4

3,852.7 2,92

ists mainly of

Jan-Ju

91,3

91,3

91,3

ound in Sweco’s

nd average n

OperatingSE

2011 2012

93.0 233.2

88.9 88.6

44.0 45.3

15.7 4.3

32.2 -5.8

01.8 33.3

48.2 -18.0

27.4 380.9

the Parent Co

un 2012

9.9

9.8

74.5

32.5

33.4

33.1

31.7

3.11

3.11

16.66

16.66

844.9

844.2

7,200

342,847

342,847

342,847

174,000

annual report fo

number of em

g profitEK M

Op

2 2011

2 219.7

6 54.0

3 4.8

3 -2.6

8 1.4

3 6.8

0 -19.5

9 264.6

ompany’s loss

Jan-Jun 2011

9.0

8.9

73.5

23.7

30.2

5.5

42.

2.08

2.08

14.9

14.9

230.5

226.8

5,597

90,941,274

90,941,274

92,241,274

575,573

r 2011.

mployees for t

perating margin%

2012 2

11.4 1

9.7

10.9 1

3.2

-9.7

8.7

-

9.9

of SEK –23.9

1 Full

0

9

5

7

2

5

1

8

8

1

1

5

8

7

4 9

4 9

4 9

3

the period Ja

n Averaof emp

2011 2012

12.3 3,159

7.8 1,141

10.9 974

-2.2 828

4.4 338

2.3 745

- 15

9.0 7,200

9 million (–23.4

year 2011

8.9

8.8

73.9

25.6

34.2

-9.4

46.2

4.11

4.11

16.46

16.46

78.7

71.8

5,772

90,719,827

90,719,827

90,719,827

797,020

n–Jun

age no. ployees

2 2011

9 2,857

981

4 70

8 820

8 237

5 616

5 16

0 5,597

4).

12

AcquisitiIn the perArkkitehtiminority saffected tthe acquiIf all of thmillion to recogniseof transac Acquisitio

Intangible a

Property, p

Financial as

Current ass

Non-curren

Deferred ta

Other curre

Non-contro

Equity attrib

Total cons

Unsettled p

Considerat

Cash and c

EFFECT OEQUIVALE

Parent Com

Net sales

Other exter

Personnel c

Amortisatio

Operating

Net financia

Profit after

Appropriatio

Profit befo

Income tax

PROFIT AF

Parent Com

Intangible a

Property, p

Financial as

Current ass

TOTAL AS

Equity

Untaxed re

Non-curren

Current liab

TOTAL EQ

ion of subsidriod under revtoimisto Bruno

shares in Swethe Group’s bared companiee companies net sales and

ed in operatingction tax. Tota

ns, SEK M

assets

lant and equipm

ssets

sets

nt liabilities

ax

ent liabilities

olling interests

butable to owner

sideration

purchase price co

ion paid in share

cash equivalents

ON THE GROUP’ENTS

mpany income s

rnal expenses

costs

on/depreciation a

profit/loss

al items

r financial items

ons

ore tax

x expense

FTER TAX

mpany balance

assets

lant and equipm

ssets

sets

SSETS

serves

nt liabilities

bilities

QUITY AND LIAB

diaries and opview Sweco acow & Maunulaco Projekt. Baalance sheet a

es have contribhad been acq

d around SEK g profit and amal transaction c

ent

rs of the Parent C

ommitments

es

in acquired com

’S CASH AND C

statement, SEK

and impairment

s

sheet, SEK M

ent

BILITIES

perations cquired Pyrama Oy, with a toased on the prand cash and buted net saleuired at 1 Jan51.4 million to

mounted for thcosts amount

Company

mpanies

CASH

K M

mide AS, Finnmotal of 1,180 ereliminary purccash equivale

es of SEK 383nuary 2012, tho operating prohe period to SEto SEK 20.8 m

FMC Gr

6

5

-

-4

7

-

-1

5

Jan-J

map Consultinmployees. Duchase price alents as shown.6 million and e contributionofit. TransactiEK 12.5 milliomillion.

roup Other

636.2

7.0

20.1

560.0

-7.9

-43.6

416.7

-6.9

-

748.2

-

-46.9

93.9

507.4

Jun 2012

113.8

-110.5

-22.1

-5.1

-23.9

32.8

8.9

-

8.9

-0.2

8.7

g Oy, Karasharing the periodlocations, thes in the table boperating prowould have b

on costs for thn, of which SE

r acquisitions

26.3

0.4

0.0

19.7

-

-1.8

-11.6

0.2

-0.1

33.1

-1.9

-

-10.3

20.9

Jan-Jun 20

42

-45

-18

-1

-23

55

31

31

31

30 Jun

1

1

1

1

arju Oy and d, Sweco also

ese acquisitionbelow. During ofit of SEK 42.been around She acquisition EK 12.0 million

11 Fu

2.2

5.4

8.6

1.6

3.4

5.3

1.9

-

1.9

-

1.9

n 2012 3

8.3

11.5

,111.7

701.2

,832.7

,054.0

1.2

660.5

117.0

,832.7

o acquired ns have the period 9 million.

SEK 462.5 are

n consists

ll year 2011

80.3

-92.2

-37.3

-3.9

-53.1

464.3

411.2

-1.1

410.1

-93.7

316.4

31 Dec 2011

9.7

12.0

371.2

1,624.8

2,017.7

1,283.7

1.2

-

732.8

2,017.7

13

Five-year o

Net sales, S

Operating p

Profit befor

Operating m

Billing ratio

Return on e

Return on c

Net debt/eq

Equity/asse

Earnings pe

- Basic

- Diluted

Dividend pe

Redemptio

Average nu

1) The defin

overview1)

SEK M

profit, SEK M

re tax, SEK M

margin, %

, %

equity, %

capital employed

quity ratio, %

ets ratio, %

er share, SEK

er share, SEK

n amount per sh

umber of employe

nitions of key rat

d, %

are, SEK

ees

tios are unchang

JJ

ed and can be fo

Jul 2011-Jun 2012

6,912.9

647.6

643.5

9.4

74.4

32.5

33.4

33.1

31.7

5.14

5.14

-

-

6,537

ound in Sweco’s

2011

5,987.6

531.3

526.8

8.9

73.9

25.6

34.2

-9.4

46.2

4.11

4.11

3.00

-

5,772

annual report fo

2010

5,272.4

432.7

423.7

8.2

73.4

19.9

26.5

-16.8

47.8

3.31

3.28

3.00

-

4,986

r 2011.

2009

5,338.7

443.6

443.6

8.3

73.6

19.6

27.5

-26.2

50.6

3.31

3.28

2.00

2.00

5,082

2008

5,522.8

596.3

588.2

10.8

75.6

34.6

44.4

-11.3

47.0

4.68

4.65

2.00

-

5,453

14

Business a

Net sales,

Sweco Swe

Sweco Nor

Sweco Finl

Sweco CenEastern Eu

Sweco Rus

Sweco Indu

Group-wideeliminations

Total Grou

Operating

Sweco Swe

Sweco Nor

Sweco Finl

Sweco CenEastern Eu

Sweco Rus

Sweco Indu

Group-wideeliminations

Total Grou

Operating

Sweco Swe

Sweco Nor

Sweco Finl

Sweco CenEastern Eu

Sweco Rus

Sweco Indu

Total Grou

area

SEK M

eden

rway

and

ntral & urope

ssia

ustry

e, s, etc.

up

profit, SEK M

eden

rway

and

ntral & urope

ssia

ustry

e, s, etc.

up

margin, %

eden

rway

and

ntral & urope

ssia

ustry

up

2012Q2

1,013.8

438.2

259.3

68.1

27.2

191.9

-55.4

1,943.1

94.7

20.2

29.5

1.7

-3.0

12.1

-5.6

149.6

9.3

4.6

11.4

2.4

-11.1

6.3

7.7

2 2

2012Q1

8 1,030.9 1

2 472.5

3 156.0

1 66.4

2 32.5

9 192.8

4 -41.5

1 1,909.6 1

7 138.5

2 68.4

5 15.8

7 2.6

0 -2.8

1 21.2

6 -12.4

6 231.3

3 13.4

6 14.5

4 10.1

4 3.9

1 -8.5

3 11.0

7 12.1

2011Q4

201Q

1,053.2 750

405.7 307

27.0 21

86.5 54

44.4 33

210.0 137

-40.7 -30

1,786.1 1,274

139.2 53

45.2 26

0.3 2

5.3 -1

5.9 3

14.0 4

-18.3 -13

191.6 75

13.2 7

11.1 8

1.0 10

6.1 -2

13.5 8

6.7 3

10.7 5

11Q3

2011 Q2

0.5 923.3

7.2 339.5

.4 23.9

4.3 60.8

3.1 27.1

7.6 157.3

0.0 -25.2

4.1 1,506.7

3.4 113.6

6.7 16.4

2.2 2.9

.1 0.6

3.0 1.7

4.1 3.8

3.2 -11.0

5.1 128.0

7.1 12.3

8.7 4.8

0.5 12.0

2.1 1.1

8.9 6.2

3.0 2.4

5.9 8.5

2011 Q1

20

869.7 90

349.4 32

20.1 2

54.9 8

5.1

144.5 14

-23.0 -

1,420.7 1,47

106.1 10

37.6 3

1.9

-3.2

-0.3

3.0

-8.5 -1

136.6 12

12.2 1

10.8

9.5

-5.9

-5.1 1

2.1

9.6

010 Q4

2010 Q3

02.1 626.1

24.3 276.1

24.6 18.4

85.1 64.5

7.1 7.7

43.0 114.1

-7.2 -18.0

79.0 1,088.9

06.2 44.1

30.0 25.4

1.3 2.6

3.5 -0.6

1.0 1.4

2.5 -3.3

6.0 0.0

28.5 69.6

1.8 7.0

9.3 9.2

5.3 14.1

4.1 -0.9

4.1 18.2

1.7 -2.9

8.7 6.4

2010 Q2

2

803.0 7

345.6 3

19.3

64.2

7.3

129.4 1

-3.3 -

1,365.5 1,3

98.1

36.2

2.1

3.4

0.5

0.7

-28.8

112.2 1

12.2

10.5

10.7

5.3

6.6

0.5

8.2

2010 Q1

772.7

350.6

19.6

64.4

6.4

150.1

-24.8

339.0

85.8

39.2

1.2

1.0

0.5

1.6

-6.9

122.4

11.1

11.2

6.3

1.6

7.8

1.1

9.1