Q2 2026 Afry AB Earnings Call Transcript
Key Points
- Afry AB (AFXXF) reported an 8% year-over-year increase in order backlog, reaching SEK22.4 billion, indicating strong demand and future growth potential.
- The company has shown consistent improvement in utilization rates for three consecutive quarters, reflecting enhanced operational efficiency.
- Afry AB (AFXXF) completed its restructuring agenda, optimizing its portfolio and adjusting capacity to better align with strategic goals.
- The Energy division reported a record high order backlog, driven by strong demand for energy transition and electrification solutions.
- Afry AB (AFXXF) secured significant contracts, including a key role in a major hospital project in Sweden and a project for a biofuel plant in Brazil, highlighting its expertise and market position.
- Total sales declined by 2.4%, with organic sales growth adjusted for calendar effects down by 5.3%, reflecting strategic capacity adjustments.
- The EBITA margin remained flat at 6.7%, indicating that financial improvements have not yet materialized despite strategic efforts.
- The Industry division faced weak price development in sectors like automotive and pulp & paper, impacting profitability.
- The Transportation & Places division experienced lower sales volumes due to strategic capacity adjustments and a challenging real estate market.
- Afry AB (AFXXF) continues to face market price pressure in some segments, particularly within industry and transportation & places.
Good morning, and welcome to Afry's presentation of our results for the second quarter of 2026. I am Linda Palsson. I'm CEO of Afry. And as always, I will begin by sharing my perspective on the quarter before handing over to our CFO, Bo Sandstrom, who will take you through the financial results in more detail. Following the presentation, we will open up for questions. So let's begin. In the second quarter, we have continued to make progress in the execution of our strategy. As a result, we strengthened the order backlog further. It increased 8% year-over-year and now amounts to SEK22.4 billion. We also continue to improve the utilization rate. And after 14 consecutive quarters of decline, we have now delivered 3 quarters with consistent improvement. This is a strong validation of the actions we have taken. In the quarter, we completed our restructuring agenda aimed at optimizing our portfolio and adjust capacity. Total sales was minus 2.4%, and the organic sales growth adjusted for calendar effects was minus 5.3%. This reflects the
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