Sustainable engineering

1

• Sustainable engineering design

2
Interim report January-September 2009

• Operating profit of SEK 348.5 million (436.6)
• Operating margin of 8.9 per cent (11.0)
• Net sales amounted to SEK 3,909.6 million
  (3,962.8)
• Profit before tax of SEK 350.6 million (428.9)
• Solid financial position with net cash of SEK
  189.7 million (-58.1) Strong cash flow from
  operating activities of SEK 280.0 million (298.6)
• Profit after tax of SEK 248.6 million (306.5) and
  earnings per share of SEK 2.80 (3.56)

3
Income statement

• Strong underlying result
• in a difficult market
• Global recession had a negative impact but
  local variations
• Operating result decreased
• Negative calender effect

4
Balance sheet

• Solid financial position
• Equity/assets ratio of51.4. Ned debt/equity
  ratio of -13
• Disposable cash and unutilised bank overdraft
  facilities of SEK 890 million
• Net interest-bearing receivable SEK 190 million

5
Cash flow

• Strong cash flow
• SEK 280 million from operating activities

6
Adjustments of resources 2009

• Full Time Equivalents
• Company Termination Temp lay off
• Sweco Sweden 23 -
• Sweco Finland 4 1
• Sweco Russia 15 -
• Sweco CEE 151 10
• Sweco Industry, Finland 31 154
• 224 165
• of employees in divested companies 130
• As of September 30, 2009

7
Sweco Sweden
SEK M

• Highlights
• Net sales SEK 2,148 million (2,181)
• Operating profit SEK 230 million (290)
• Operating margin down from 13.2 to 10.7
• Continued solid development for several sectors
• A record assignment from Jordan regarding
  improvement of drinking water supply to Amman

SEK M
Average of 2007 2008 Q3 2009 Employees 2,336 2,4
79 2,525
8
Sweco Norway
SEK M

• Highlights
• Net sales SEK 944 million (824)
• Operating profit of SEK 95 million (88)
• Operating margin down from 10.7 to 10.1
• The general market situation improved in Q3 -
  signals of an upturn regarding industrial
  investments within the next year
• Big demand for modernising water and sewage

SEK M
Average of 2007 2008 Q3 2009 Employees 582 831 8
45
9
Sweco Finland
SEK M

• Highlights
• Net sales SEK 70 million (94)
• Operating profit SEK 7 million (13)
• Operating margin down from 13.8 to 10.0
• No signs of a turnaround yet
• The development of the market still hard to
  estimate

SEK M
Average of 2007 2008 Q3 2009 Employees 77 87 71
10
Sweco Central Eastern Europe
SEK M

• Highlights
• Net sales SEK 213 million (207)
• Operating profit SEK 0 million (7)
• Operating margin down from 3.4 to 0.0
• Continued tough market situation in the Baltic
  region but improved order intake
• The ongoing adjustment to EU standards continues
  but at a slower pace
• Stable market condition in the Czech Republic and
  Bulgaria

SEK M
Average of 2007 2008 Q3 2009 Employees 529 806 7
24
11
Sweco Russia
SEK M

• Highlights
• Net sales SEK 24 million (14)
• Operating profit SEK 1 million (-5)
• Operating margin up from -34.7 to 5.1
• Increased demand for improvement of water and
  sewage

SEK M
Average of 2007 2008 Q3 2009 Employees 64 126 14
8
12
Sweco Industry
SEK M

• Highlights
• Net sales SEK 587 million (735)
• Operating profit SEK 20 million (73)
• Operating margin down from 9.9 to 3.5
• Finland hit hard by recession industry markets
  in Norway and Sweden still OK
• 3 extensive energy assignments in Russia and
  Kazakhstan

SEK M
Average of 2007 2008 Q3 2009 Employees 1,097 1,1
10 845
13
Market outlook
Trend
Segment
Share of net sales
Water Environment Infrastructure Energy
systems Building Service Systems Industry Structur
al Engineering Architecture Project
Management Geographic IT
18 15 14 14 14 10 7 6 2

• General Drivers and Trends
• Environmental awareness
• Urbanisation
• EU expansion