Q1 2026 Sweco AB (publ) Earnings Call Transcript

Apr 28, 2026 / 07:00AM GMT
Release Date Price: €13.38

Key Points

Positve
  • Sweco AB (STU:7W71) reported a stable Q1 with a 3% increase in net sales to SEK8.3 billion, driven by positive organic growth and acquisition activity.
  • The company achieved an EBITA margin of 10.4%, with EBITA increasing by 5% adjusted for calendar effects.
  • Sweco AB (STU:7W71) maintained a strong order backlog and improved billing ratios, reflecting internal efficiency.
  • The Swedish business area delivered solid organic growth and EBITA improvement, supported by synergies from recent acquisitions.
  • Sweco AB (STU:7W71) continued its active M&A strategy with three acquisitions in Q1, enhancing its market position in Europe.
Negative
  • Restructuring and integration costs, particularly in Finland, negatively impacted results.
  • The Finnish market remains challenging, with flat growth and negative project adjustments affecting performance.
  • Denmark reported a negative growth rate of 2% due to weaker demand in the industry and energy market segments.
  • The EBITA margin decreased from 11.2% last year to 10.4% this year, partly due to higher personnel expenses.
  • The residential and commercial buildings segment remained weak, with no significant improvement in the market outlook.
Operator

(video playing) Good morning, and welcome to this presentation of Sweco's Q1 report. With me this morning, I have Sweco's President and CEO, Asa Bergman; and CFO, Jan Allde. (Operator Instructions)

So over to you, Asa.

Asa Bergman;publ;President
Sweco AB;Chief Executive Officer, Director

()- -

Welcome, everyone, to Sweco's Q1 presentation. Before we present the results for the first quarter, 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 some 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 a mix of competency spread across 23,000 experts. Our focus on organic and acquired growth as well as our efficient and decentralized operational model. With a strong financial track record and financial position, we are focused on continuing our

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