Sweco AB

Latest Results (26.12.2024):

Net Sales Growth

In the third quarter of 2024, Sweco AB reported an increase in net sales to SEK 6,779 million, up from SEK 6,417 million in the same period the previous year. This represents a 6% growth in net sales, driven by higher average fees and an improved billing ratio. The company also noted a positive calendar effect, which contributed approximately SEK 101 million to net sales and EBITA.

EBITA Improvement

Sweco AB's EBITA for Q3 2024 increased to SEK 588 million from SEK 465 million in Q3 2023, resulting in an EBITA margin of 8.7%, up from 7.2%. The improvement in EBITA was attributed to higher average fees and a higher billing ratio, although higher personnel costs had a negative impact. Adjusted for the calendar effect, EBITA increased by 5% year-on-year.

Profit and Earnings Per Share

For the third quarter of 2024, Sweco AB's profit after tax rose to SEK 376 million, compared to SEK 267 million in the same quarter of the previous year. Earnings per share also increased to SEK 1.05 from SEK 0.75, with diluted earnings per share rising to SEK 1.04 from SEK 0.74, reflecting the company's improved financial performance.

January–September 2024 Performance

Over the first nine months of 2024, Sweco AB's net sales increased to SEK 22,576 million from SEK 20,806 million in the same period of 2023. EBITA for this period rose to SEK 2,175 million, with a margin of 9.6%, up from 9.0% the previous year. The company's profit after tax for January to September 2024 was SEK 1,475 million, compared to SEK 1,250 million in the same period of 2023.

Outlook and Strategic Focus

Sweco AB continues to focus on improving efficiency and capturing growth opportunities in existing and new market segments. The company is actively pursuing acquisitions as part of its growth strategy and has recently made acquisitions in Germany and the Netherlands. Sweco is also involved in significant projects related to the green transition, such as designing a large battery park in Belgium and supporting infrastructure expansion in Sweden.