Sweco AB

Latest Results (04.04.2026):

Sweco AB — Q4 2025 (full-year 2025 results): Sweco reported a strong and profitable year in 2025 with net sales of SEK 31,586 million and EBITA of SEK 3,332 million (EBITA margin 10.5%). Adjusted for calendar effects, EBITA rose roughly 12% year‑on‑year, organic growth (calendar‑adjusted) was about 4%, and profit for the year increased to SEK 2,226 million (+7%). The company completed 13 acquisitions during 2025, adding roughly SEK 2.1 billion in annual net sales and ~1,500 experts, while maintaining a solid order backlog and stable demand in energy, water, environment, infrastructure and defence.

Key financials

Net sales: SEK 31,586 m (2025) vs SEK 30,676 m (2024). EBITA: SEK 3,332 m; EBITA margin: 10.5% (10.0). Profit for the year: SEK 2,226 m. Earnings per share before dilution: SEK 6.18. Proposed dividend per share: SEK 3.70 (versus SEK 3.30 prior).

Profitability & growth drivers

EBITA increased ~12% adjusted for calendar effects, driven by higher average fees, improved billing ratio (74.4% vs 73.9) and productivity gains. Calendar‑adjusted organic growth ~4% (vs 5% prior year).

Acquisitions & headcount

Sweco completed 13 acquisitions in 2025, adding about SEK 2.1 bn in annual net sales and roughly 1,500 experts (detailed list in the report). Number of full‑time employees at year‑end: 21,294 (20,823 in 2024).

Operational metrics

Billing ratio: 74.4%. Net debt/EBITDA: 0.4x. Sweco emphasised improved operational efficiency, continued knowledge sharing and increased use of digital tools and AI (SwecoGPT and other assistants) to raise project quality and productivity.

Market outlook & demand

Order backlog described as solid. The company sees stable demand in energy, water, environment, infrastructure and defence & security while demand remained weak in residential and commercial buildings. Sweco notes continued market opportunities from Europe’s green transition, digitalisation and preparedness investments.

Sustainability & governance

Greenhouse gas emissions reported at 64,478 tonnes CO2e (emission intensity declined). No confirmed incidents of bribery, corruption or human‑rights violations were reported. Sweco highlights integration of sustainability in project delivery and stronger focus on circularity, climate adaptation and resilience.

Cash return to shareholders

The Board proposed a dividend of SEK 3.70 per share for 2025 (up from SEK 3.30), reflecting stronger profitability and cash generation while maintaining a conservative leverage profile.