COVID-19: Engineering and architecture consultancy Sweco adjusts its dividend proposal to SEK 3.10 per share

COVID-19: Engineering and architecture consultancy Sweco adjusts its dividend proposal to SEK 3.10 per share

(PRESS RELEASE) STOCKHOLM, 21-Apr-2020 — /EuropaWire/ — Europe’s leading engineering and architecture consultancy Sweco announced its Board of Directors has decided on adjusting the company’s dividend proposal to SEK 3.10 per share. The general level of uncertainty resulting from Covid-19 has led to the Board’s decision.

As announced previously, Sweco’s financial position remains strong, with good liquidity and a project portfolio that is relatively unaffected by Covid-19. In the prevailing circumstances, however, it is not possible to estimate the full impact of Covid-19 on the company.  The proposal should therefore be viewed as a precaution aimed at safeguarding Sweco’s financial strength and flexibility.

The Board intends, should market conditions allow it, to call an extraordinary general meeting in the second half of the year to consider and resolve on an extraordinary dividend.

Media contacts:

Lisa Lagerwall
General Counsel
+46(0)73-412 6616
lisa.lagerwall@sweco.se

Katarina Grönwall
Chief Communications Officer
+46 (0)73-258 9333
katarina.gronwall@sweco.se

SOURCE: Sweco