REJL-BNasdaq StockholmIndustrialsIFRS · SEK

Rejlers

Rejlers AB is a prominent engineering consultancy firm in the Nordic region, offering expertise in energy, industry, infrastructure, and real estate. Founded in 1942, the company has a strong focus on sustainability and innovation, helping clients navigate societal challenges. With operations in Sweden, Finland, Norway, and the UAE, Rejlers employs 3,300 experts and is listed on Nasdaq Stockholm. The company is committed to continuous learning and development, encapsulated in its vision 'Home of the learning minds.'

Revenue4,741m SEK
+7.0 %y/y
Operating profit (EBIT)333m SEK
+15.6 %y/y
EBIT margin7.0%
+0.5 ppy/y
Net income201m SEK
−9.5 %y/y
Free cash flow313m SEK
−19.3 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

01,0002,0003,0004,0005,000m SEK2021: 2,899 m SEK2021: EBIT 130 m SEK20212022: 3,513 m SEK2022: EBIT 234 m SEK20222023: 4,088 m SEK2023: EBIT 235 m SEK20232024: 4,431 m SEK2024: EBIT 288 m SEK20242025: 4,741 m SEK2025: EBIT 333 m SEK20254,741333
RevenueOperating profit (EBIT)

Business

Share of revenue
Engineering Consultancy40 %

Includes technical consulting across various sectors.

Project Management20 %

Management of engineering projects from inception to completion.

Energy Solutions15 %

Services related to energy transition and sustainable energy.

Infrastructure Development15 %

Consulting for infrastructure projects.

Digital Solutions10 %

Integration of digital and security solutions.

Customers

Rejlers serves a diverse range of clients, including companies, public authorities, and organizations across the Nordic region. Their services are crucial for sectors undergoing energy transition, industrial transformation, and infrastructure development. Key customer segments include the defense, energy, chemical, and real estate industries. The company is recognized for its ability to support clients in achieving sustainability objectives, which is increasingly important in today's market.

Energy Sector

Buys energy transition solutions to meet sustainability goals.

Infrastructure

Requires consulting for large-scale infrastructure projects.

Industrial Clients

Seeks industrial transformation services for modernization.

Real Estate

Engages in engineering services for property development.

Strategy

Rejlers' strategic priorities focus on sustainability, growth, and innovation. The company aims to double its size from 2018 to 2025, targeting a 10% annual growth rate. Emphasizing energy transition and industrial transformation, Rejlers seeks to be a catalyst for societal change. The strategy includes expanding project-based offerings and complete solutions, particularly in energy and infrastructure. Sustainability is a core component, with science-based targets guiding long-term goals.

SustainabilityLong term

To support clients' transition and societal change.

GrowthMedium term

To increase market share and revenue.

InnovationMedium term

To maintain competitive edge and relevance.

Geography

Rejlers operates primarily in the Nordic region, with significant presence in Sweden, Finland, and Norway, and an expanding footprint in the UAE. The company's geographic focus allows it to leverage regional expertise and cater to local market needs. Sweden remains a key market, contributing significantly to revenue, while Finland and Norway offer growth opportunities in energy and infrastructure sectors. The UAE represents an emerging market for Rejlers' services.

Risks

Rejlers faces several risks, including economic uncertainty impacting client investments, particularly in the property sector. The company's reliance on the Nordic market exposes it to regional economic fluctuations. Additionally, increased material costs and competitive pressures pose challenges. Industry-specific risks include the need to continuously adapt to technological advancements and regulatory changes. Financial risks involve managing liquidity and the impact of acquisitions on financial stability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Uncertainty1Material Costs2Competitive Pressure3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic UncertaintyImpact: HighLikelihood: Medium

    Affects client investment decisions, especially in property.

  2. Material CostsImpact: HighLikelihood: Low

    Rising costs impact project profitability.

  3. Competitive PressureImpact: MediumLikelihood: Low

    Intense competition in consultancy services.

Accounting

Judgemental items
Seasonal Variations

Affects revenue comparability across quarters.

Fair Value Measurements

Critical for acquisition-related liabilities.

Revenue Recognition

Key for long-term contracts and project work.

Goodwill Impairment

Significant post-acquisition financial impact.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Rejlers (REJL-B) Revenue, Earnings & Financials 2025 – Clarifo