Q2 2024 Sweco AB (publ) Earnings Call Transcript

Jul 16, 2024 / 11:30AM GMT

Transcript

Key Points

Positve

Net sales increased by 11% with 6% organic growth.
EBITA improved by 12%, adjusted for the positive calendar effect.
Margin improvement increased to 9.8%.
Six out of eight business areas reported organic growth and EBITA improvements.
Two new acquisitions in Germany and the Netherlands, adding expertise in water treatment and technical installations for sustainability.

Negative

Restructuring costs of SEK58 million impacted the results.
Weak demand in traditional industry services and residential and commercial real estate segments.
Negative growth in the UK and Finland markets.
Significant restructuring actions required in the UK, Sweden, and Finland.
Higher personnel expenses, including restructuring costs, had a negative impact on EBITA.

Marcela Sylvander;publ;Chief Communication Officer

Sweco AB

()-

Hello, everyone. And welcome to this presentation of Sweco's Q2 report. Sweco's President and CEO, Ãsa Bergman, and CFO, Olof StÃ¥lnacke, are with us today to take us through the results of the second quarter. Ãsa?

Asa Bergman;publ;President

Sweco AB;Chief Executive Officer, Director

()- -

Then welcome, everyone, to Sweco's Q2 presentation. And before we present the second quarter of 2024, 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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