Q3 2025 Afry AB Earnings Call Transcript
Key Points
- Afry AB (FRA:B3Y1) improved its EBITA margin to 6.4% in Q3, indicating better profitability.
- The order backlog increased by 3.6% year-over-year, or 5.3% when adjusted for currency effects, showing strong future demand.
- The company completed the acquisition of Rie Engineering, enhancing its presence in the mining and metal sectors.
- Afry AB signed a strategic framework agreement with Sweden's national grid operator, strengthening its position in the energy sector.
- Transportation and places division saw sales growth driven by high project activity and improved attendance rates.
- Net sales declined due to significant negative currency effects amounting to 118 million Swedish crowns.
- The global division industry faced a challenging market, impacting net sales development.
- Restructuring costs of 31 million Swedish crowns were reported, affecting comparability.
- The Nordic real estate market demand remains low, driven mainly by refurbishments and public investments.
- Utilization rate was reported at 72%, indicating room for improvement in operational efficiency.
Good morning everyone, and a warm welcome to our presentation of AFIS Q3 results.
I will begin with some of the highlights from the quarter, and then our CFO Boundstrom will provide a more detailed overview of the financials.
So in the third quarter, we delivered stable results and improved our EBITA margin to 6.4%. We also saw positive development of the order backlog, which increased 3.6% compared to the same period last year, or 5.3% when adjusted for currency effects.
We achieved this despite a decline in net sales, with the total year over year growth of 5.1%. Similar to what we saw in the second quarter, currency effect had a significant negative impact on sales. For Q3, it amounted to 118 million Swedish crowns.
Sales volumes were also impacted by a challenging market we experience in parts of our business, mainly in our global division industry.
The 3rd quarter was also the 1st within our new group structure and our 3 global divisions.
Under the new group structure,
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