# Rejlers

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/rejlersab).

## Overview

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.'

## Products & services

• Engineering consultancy services
• Project management
• Energy transition solutions
• Infrastructure development
• Industrial transformation services
• Real estate engineering
• Digital solutions integration

- **Engineering Consultancy** (40%) — Includes technical consulting across various sectors.
- **Project Management** (20%) — Management of engineering projects from inception to completion.
- **Energy Solutions** (15%) — Services related to energy transition and sustainable energy.
- **Infrastructure Development** (15%) — Consulting for infrastructure projects.
- **Digital Solutions** (10%) — Integration of digital and security solutions.

- Engineering consultancy services
- Project management
- Energy transition solutions
- Infrastructure development
- Industrial transformation services
- Real estate engineering
- Digital solutions integration

## 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** (primary) — Buys energy transition solutions to meet sustainability goals.
- **Infrastructure** (primary) — Requires consulting for large-scale infrastructure projects.
- **Industrial Clients** (secondary) — Seeks industrial transformation services for modernization.
- **Real Estate** (secondary) — Engages in engineering services for property development.

- Companies in energy and infrastructure sectors seeking sustainable solutions
- Public authorities requiring engineering consultancy for societal projects
- Industries undergoing transformation, such as defense and chemicals
- Real estate developers needing engineering expertise
- Clients focused on digital integration and security solutions

## 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.

- Strong presence in Sweden, Finland, and Norway
- Expanding operations in the United Arab Emirates
- Sweden as a major revenue contributor
- Growth opportunities in Finland's energy sector
- Norway's infrastructure projects drive demand

## 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.

- **Sustainability** (long-term) — To support clients' transition and societal change.
- **Growth** (medium-term) — To increase market share and revenue.
- **Innovation** (medium-term) — To maintain competitive edge and relevance.

- Doubling size from 2018 to 2025 with 10% annual growth
- Focus on energy transition and industrial transformation
- Expansion of project-based and complete solutions
- Sustainability as a core strategic component
- Science-based targets for climate action

## 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.

- **Economic Uncertainty** [high] — Affects client investment decisions, especially in property.
- **Competitive Pressure** [medium] — Intense competition in consultancy services.
- **Material Costs** [high] — Rising costs impact project profitability.

- Economic uncertainty affecting client investment decisions
- Regional economic fluctuations in the Nordic market
- Increased material costs impacting project margins
- Competitive pressures in the engineering consultancy sector
- Technological advancements requiring continuous adaptation
- Regulatory changes affecting industry operations

## Accounting

Rejlers' financial reporting is subject to seasonal variations, with higher sales in the first and fourth quarters. The company applies IFRS standards, with significant focus on fair value measurements for acquisition-related liabilities. Revenue recognition is crucial, particularly for long-term contracts and project-based work. The impact of acquisitions on goodwill and intangible assets requires careful impairment assessments. Lease accounting under IFRS 16 also affects financial statements.

- **Seasonal Variations**
- **Fair Value Measurements**
- **Revenue Recognition**
- **Goodwill Impairment**

- Seasonal variations with higher sales in Q1 and Q4
- Fair value measurements for acquisition-related liabilities
- Revenue recognition for long-term contracts
- Goodwill impairment assessments post-acquisitions
- Lease accounting under IFRS 16 impacting balance sheet

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*Last updated: 2026-08-11T04:04:55.499516+00:00*