Q2 2025 Sweco AB (publ) Earnings Call Transcript
Key Points
- Sweco AB (LTS:0GX5) delivered a stable performance in Q2 2025 despite a significant negative calendar effect.
- EBITA increased by 15% or SEK115 million adjusted for calendar, with a margin of 9.6%.
- Six out of eight business areas reported EBITA improvements, and five out of eight reported positive organic growth.
- The company announced several new acquisitions, strengthening its presence in the Netherlands and Luxembourg, adding significant net sales and expertise.
- Sweco AB (LTS:0GX5) continues to see improvements in average fees and billing ratio, contributing to a solid operational trend.
- Net sales were down 3% in the quarter, affected by a negative currency effect and the negative calendar effect.
- The Finnish market remains challenging, with continued negative growth.
- Denmark experienced slightly negative growth due to a slower energy segment and more vacation absence.
- Higher personnel expenses and vacation absence negatively impacted the financial results.
- The generally weak demand continues in residential and commercial real estate as well as in parts of the industry segment.
Good afternoon, everyone and welcome to this presentation of Sweco's Q2 report. With us today we have Sweco's President and CEO, Asa Bergman and CFO, Olof Stalnacke.
They will take us through the results of the second quarter of the year, and after that we will open up for questions. So please.
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Welcome everyone to Sweco's Q2 presentation. Before we present the second quarter result, 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's long-term success is our mix of competencies spread across 22,000 experts, our focus on organic and acquired growth as well as our efficient and decentralized operational model,
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