Sweden · Delayed Price · Currency is SEK Afry AB Earnings Call Transcripts
Fiscal Year 2026
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Order backlog hit a record SEK 22.4 billion, up 8% year-over-year, with strong demand in energy and strategic growth areas. Q2 net sales declined 2.4%, but operational cash flow and utilization improved. Focus shifts to organic growth and efficiency gains.
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Order backlog reached a record SEK 21.5 billion, with improved EBITDA margin and utilization rates. Organic sales declined due to market and restructuring impacts, but Energy and Industry divisions showed margin gains. Restructuring is nearly complete, with growth focus ahead.
Fiscal Year 2025
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Q4 saw improved margins, utilization, and a strengthened order backlog, despite negative sales growth due to FX and restructuring. Strong cash flow, robust energy and defense segments, and a solid financial position support continued strategy execution into 2026.
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A new strategy focuses on profitable growth, global expansion, and segment prioritization, with 2028 targets of SEK 35 billion in sales and a 10% EBITDA margin. Operational improvements, digitalization, and a leaner structure support this transformation, while sustainability and talent remain central.
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Q3 saw stable results with a 6.4% EBITDA margin despite a 5.1% sales decline, driven by negative currency effects and lower volumes. Order backlog grew 5.3% currency-adjusted, and restructuring efforts continue as the new group structure is implemented.
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Q2 saw net sales of SEK 6.7 billion and an EBITDA margin of 6.6%, with order backlog up 5.6% year-over-year. Restructuring and efficiency efforts are underway, with SEK 200–300 million in further costs expected, aiming for improved profitability and growth.
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Q1 2025 saw a slight sales decline and pressured profitability, mainly in Industrial & Digital Solutions and Process Industries, while Energy delivered strong growth. A new group structure and executive team were announced to drive efficiency and future growth.
Fiscal Year 2024
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Stable 2024 results with improved profitability and strong cash flow, led by Energy and Infrastructure. Order backlog grew 4% year-over-year, but Process Industries and IT/telecom remain weak. Focus for 2025 is on streamlining operations and core business.
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Profitability improved in Q3 2024, driven by strong Energy and Infrastructure segments, while Process Industry and Real Estate remained weak. Order stock was stable at SEK 20 billion, with flat growth and a focus on margin improvement and strategic project wins.
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Q2 saw stable sales and improved profitability, with EBITA margin rising to 8.0% and strong performance in Infrastructure and Energy. Process Industries faced weaker pulp and paper demand, while order stock and liquidity remained solid. Focus remains on operational efficiency and selective growth.