Sweden · Delayed Price · Currency is SEK Sweco AB Earnings Call Transcripts
Fiscal Year 2026
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Solid Q2 with 9% sales growth and 10.1% EBITA margin, driven by higher fees, strong billing, and acquisitions. Order backlog and cash flow improved, while recent acquisitions and AI initiatives support future growth. Short-term margin dilution expected from new acquisitions.
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Q1 saw 3% net sales growth and a 10.4% EBITA margin, with strong performance in Sweden and Germany, but challenges in Finland. Acquisition activity remained high, and order backlog increased, while market demand stayed mixed with sectoral strengths and weaknesses.
Fiscal Year 2025
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Profitable growth in 2025 with net sales over SEK 31.5 billion, 13 acquisitions, and improved margins. Q4 saw 6% sales growth, strong cash flow, and a proposed 12% dividend increase. Entering 2026 with a robust financial position and continued focus on M&A and efficiency.
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Net sales grew 5% to SEK 7.1 billion, with EBITDA up 19% and margin at 9.8%. Seven of eight business areas saw organic growth, led by Germany and Central Europe. Twelve acquisitions in 2025 added SEK 2 billion in annual revenues.
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Stable Q2 performance with SEK 7.8bn net sales and 2% organic growth (calendar adjusted), strong EBITDA margin, and increased M&A activity. Order backlog and operational efficiency improved, with robust demand in infrastructure and energy, but continued weakness in real estate.
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Q1 saw solid growth with net sales over SEK 8 billion, 4% organic growth, and a 10% EBITDA increase. Margins improved, leverage dropped to 0.5x, and new project wins supported a stable order backlog. Efficiency measures and selective M&A remain key priorities.
Fiscal Year 2024
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Record net sales and EBITDA were achieved in 2024, with strong Q4 growth and margin improvements across most business areas. Efficiency measures, higher billing ratios, and strategic acquisitions supported profitability, while the outlook remains positive with a focus on M&A and operational excellence.
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Q3 2024 saw solid growth and margin improvement, with net sales up 6% and EBITA margin at 8.7%. Strong demand in energy, water, and infrastructure offset weaker real estate segments, while efficiency and pricing actions drove profitability.
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Q2 2024 saw 11% net sales growth and a 12% EBITDA increase, with margin up to 9.8%. Efficiency measures and restructuring drove improvements, while demand remained strong in water, energy, and infrastructure but weak in real estate. Two acquisitions and strong cash flow further strengthened the position.