Q1 2025 Sweco AB (publ) Earnings Call Transcript
Key Points
- Sweco AB (LTS:0H0G) reported a solid start to the year with net sales exceeding SEK8 billion and a stable organic growth rate of 4%.
- EBITDA increased by 10%, with the EBITDA margin rising to 11.2%, indicating improved operational efficiency.
- Six out of eight business areas reported EBITDA improvements, and seven out of eight reported positive organic growth.
- The company has a strong financial position with net debt significantly reduced to SEK1.6 billion and leverage down to 0.5%.
- Sweco AB (LTS:0H0G) secured significant new projects, including a SEK580 million contract in Denmark and involvement in the EU-funded Rail Baltica project.
- The Finnish market remains challenging with continued negative growth, prompting further efficiency measures.
- There is weak demand in the residential and commercial real estate sectors, as well as in traditional industry services.
- Restructuring costs were incurred in Sweden and Finland due to layoffs, impacting financial results.
- The company faces market uncertainty due to political events and potential trade conflicts, although no substantial effects have materialized yet.
- The water infrastructure sector in Sweden is experiencing a slowdown in investment decisions due to financial challenges faced by municipalities.
[Video Playing]
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Good morning and welcome everyone to this presentation of Sweco Q1 report that we released earlier this morning. With me today, I of course have Sweco's President and CEO Asa Bergman together with our CFO Olaf Stalnacke. They will present the results of the first quarter, and after that we will open up for questions, but we no further delay, please, Asa.
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Welcome everyone to Sweco Q1 presentation Before we present the first quarter of the year, let me give you a quick overview of Sweco. Sweco is Europe's leading architecture and engineering consultancy with operations in eight 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 long-term
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