The first quarter was a good quarter for Projektengagemang Sweden AB ("PE") in terms of profitability, despite the continuing weak market conditions resulting from a subdued willingness to invest. We increase the EBITA margin to 8% and our measures to increase cost efficiency are having a clear effect and demonstrate our potential for when the market turns positive again.

First quarter, 1 January-31 March 2024

  • Net revenue totalled SEK 218.3 million (245.8)

  • The calendar effect on revenue for the quarter was SEK -3.8 million, as the period had eight fewer working hours than the same period in the previous year

  • EBITA was SEK 18.2 million (12.7) and the EBITA margin was 8.3 percent (5.2)

  • EBIT totalled SEK 18.2 million (10.8) and the operating margin was 8.3 percent (4.4)

  • Profit for the period totalled SEK 12.3 million (6.2)

  • Earnings per share for the period amounted to SEK 0.51 (0.26); there is no dilution effect

You will find the full report here.

Webcasted presentation:
At 09.00 CET a conference call will be held in which Liselotte Haglind, Acting CEO and President, 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:
Liselotte Haglind, Acting CEO and President
Mobile: +46 10-516 05 87
E-mail: liselotte.haglind@pe.se

    This disclosure contains information that Projektengagemang Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-04-2024 07:30 CET.

    About Projektengagemang
    Projektengagemang is one of Sweden's leading consulting groups with a focus on buildings and their surrounding environments. The operational activities are conducted within the subsidiary PE Teknik & Arkitektur, which generates an annual turnover of approximately one billion Swedish kronor. As urban developers, PE Teknik & Arkitektur creates innovative and sustainable solutions that contribute to the development and renewal of society. Learn more at pe.se/ir.

    https://news.cision.com/projektengagemang/r/interim-report-on-q1-2024---our-measures-are-having-an-impact,c3967452

    https://mb.cision.com/Main/13544/3967452/2758721.pdf

    https://mb.cision.com/Public/13544/3967452/b8ea3bb52837833e.pdf

    (c) 2024 Cision. All rights reserved., source Press Releases - English