Interim Report January-March 2022 – Stronger margin
EBITA improved to SEK 20.0 million (18.2) in the quarter, which equates to an EBITA margin of 8.0 percent (6.5). The improvement is driven by our focus on buildings, which has led to a higher utilisation rate, lower overheads and a more efficient organisation. Net revenue totalled SEK 250 million (282.0). The decline is an effect of our new strategic direction, which has involved divesting and discontinuing businesses.
First quarter, 1 January–31 March 2022
- Net revenue totalled SEK 250.3 million (282.0)
- EBITA was SEK 20.0 million (18.2) and the EBITA margin was 8.0 percent (6.5)
- EBIT was SEK 18.1 million (15.5) and the operating margin was 7.2 percent (5.5)
- Profit for the period totalled SEK 12.0 million (9.3)
- Earnings per share for the period amounted to SEK 0.49 (0.38); there is no dilution effect
- On 18 January, it was announced that Liselotte Haglind will take on the position as Chief Financial Officer. Liselotte will officially take on her new position at the latest in July 2022. The current Chief Financial Officer, Peter Sandberg, will leave the company in July
- During the quarter, the Board of Directors of Projektengagemang Sweden AB, based on the authorisation granted by the Annual General Meeting held on 5 May 2021, resolved to acquire class B treasury shares on Nasdaq Stockholm. On 30 March 2022, 500,000 class B shares were acquired
You will find the full report here.
Webcasted presentation:
At 09.00 CET a conference call will be held via Zoom in which Helena Hed, President and CEO, and Peter Sandberg, 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://www.projektengagemang.se/en/ir/financial-reports
For further information please contact:
Helena Hed, President and CEO
Phone: +46 10‐516 00 00
E-mail: helena.hed@pe.se
Peter Sandberg, CFO
Mobile: +46 10-516 03 67
E-mail: peter.sandberg@pe.se
THIS INFORMATION IS INFORMATION THAT PROJEKTENGAGEMANG SWEDEN AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THIS INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSONS, AT 07:30 CET 5 May 2022.
This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.