Q4 2024 Sweco AB (publ) Earnings Call Transcript
Key Points
- Sweco AB (FRA:7W71) achieved a milestone with net sales surpassing SEK30 billion and EBITA exceeding SEK3 billion, marking a successful year.
- The company reported a full-year double-digit EBITA margin for the first time in over a decade, demonstrating strong financial performance.
- Sweco AB (FRA:7W71) experienced solid organic growth of 5% and an additional 3% from acquisitions, indicating robust business expansion.
- The company improved its EBITA by more than 20%, with all business areas showing EBITA improvements.
- Sweco AB (FRA:7W71) maintained a strong financial position with a significant reduction in leverage to 0.4 times and improved operating cash flow from SEK2.5 billion to SEK4.1 billion.
- The Residential and Commercial Real Estate segments showed weak demand, impacting overall market performance.
- Finland and Belgium experienced negative growth, with the Finnish market remaining challenging.
- Personnel expenses increased, which had a negative impact on the EBITA margin.
- The company faced a negative calendar effect, resulting in a SEK41 million impact on net sales and EBITA.
- Despite a strong financial position, the dividend payout ratio decreased slightly compared to the previous year, indicating cautious financial management.
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Good morning and welcome to this presentation of Sweco's Q4 and Year-End Report for 2024. With us to take us through the result is Sweco's President and CEO, Asa Bergmanand; and CFO, Olof Stalnacke. After their presentation, we will open up for questions. But now, please, Asa.
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Welcome, everyone, to Sweco's Q4 presentation. Before we present the fourth quarter and full year, let me give you a quick overview of Sweco. Sweco is Europe's leading architecture and engineering consultancy, with operations in geographical business areas across 15 markets in Europe. We are a well-diversified business operating across three different segments, with a good balance of private and public clients.
The foundation for Sweco's long-term success is our mix of competences spread across 22,000 experts, our focus on organic and acquired
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