Sweden's Rejlers Q1 adj EPS narrows on recruitment costs

Rejlers AB (publ)

29/04/2026 12:21

Overview

Sweden engineering consultancy's Q1 net sales rose 3.4% yr/yr, organic growth 0.6%

Adjusted EPS for Q1 fell to SEK 2.19 from SEK 2.96 last year;

EBITA was negatively impacted by SEK 12 mln in extraordinary recruitment costs

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

RECRUITMENT COSTS - Co said EBITA was negatively impacted by SEK 12 mln in extraordinary recruitment for Division Buildings in Sweden

HIRING DRIVE - CEO said strong organic growth in Sweden was driven by recruitment of 140 new engineers in three months

ACQUISITIONS - Co completed three acquisitions, adding 200 employees and about SEK 350 mln in revenue, strengthening energy and infrastructure position

Company press release: ID:nWkr1qhVF6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
SEK 1.24 bln
SEK 1.27 bln (2 Analysts)
Q1 Adjusted EPS
SEK 2.19
Q1 Net Income
SEK 51.40 mln
Q1 EBIT
SEK 69.90 mln
Q1 EBITA
SEK 91.30 mln
Q1 EBITA Margin
7.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Rejlers AB (publ) is SEK195.00, about 29.8% above its April 28 closing price of SEK150.20

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)