Interim report on Q2 2023 – Measures for growth and profitability

Despite uncertainty in the world and a challenging macroeconomic situation, we have increased our attractiveness and strengthened our position as one of Sweden’s leading architectural and engineering consulting firms. The economic situation is affecting the market, including residential and commercial property. Our focus is on ensuring good profitability and growth, and we are implementing further efficiency measures linked to sales, hourly rate increases and the strengthening of our client offering.

Second quarter, 1 April–30 June 2023

• Net revenue totalled SEK 235.0 million (245.3)
• EBITA was SEK 6.4 million (14.8) and the EBITA margin was 2.7 percent (6.0)
• EBIT was SEK 4.5 million (12.9) and the operating margin was 1.9 percent (5.3)
• Profit for the period totalled SEK 0.9 million (8.8)
• Earnings per share for the period amounted to SEK 0.04 (0.37); there is no dilution effect  

Period, 1 January–30 June 2023

• Net revenue totalled SEK 480.8 million (495.7)
• EBITA was SEK 19.1 million (34.8) and the EBITA margin was 4.0 percent (7.0)
• EBIT was SEK 15.3 million (31.0) and the operating margin was 3.2 percent (6.3)
• Profit for the period totalled SEK 7.1 million (20.8)
• Earnings per share for the period amounted to SEK 0.30 (0.86); there is no dilution effect
• A settlement agreement regarding a dispute relating to Soleed Sweden AB (wound up in 2016) affected revenue and EBITA for the period by SEK –5.2 million

 

You will find the full report here

 

 

Webcasted presentation:

At 09.00 CET a conference call will be held in which Helena Hed, President and CEO, and Liselotte Haglind CFO, will present the report. The presentation will be held in Swedish and will be followed by a question and answer session.

 

Link to the webcast:

https://ir.pe.se/en/ir/financial-reports/

 

 

For further information please contact:
Helena Hed, President and CEO
Phone: +46 10‐516 00 00
E-mail: [email protected]

 

Liselotte Haglind, CFO
Mobile: +46 10-516 05 87
E-mail: [email protected]

 

THIS INFORMATION IS INFORMATION THAT PROJEKTENGAGEMANG SWEDEN AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION AND THE SECURITIES MARKETS ACT. THIS INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSONS, AT 07:30 CET 14 JULY 2023.

 

This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.