Sweco AB (STU:7W71)
€ 11.95 -0.040 (-0.33%) Market Cap: 4.30 Bil Enterprise Value: 4.89 Bil PE Ratio: 22.46 PB Ratio: 3.70 GF Score: 95/100

Q2 2026 Sweco AB (publ) Earnings Call Transcript

Jul 17, 2026 / 10:30AM GMT
Release Date Price: €11.95 (-0.33%)

Key Points

Positve
  • Sweco AB (LTS:0H0G) reported a solid second quarter with net sales increasing by 9% to SEK8.6 billion.
  • The company achieved an EBITA margin of 10.1%, up from 9.6% last year, indicating improved profitability.
  • Sweco AB (LTS:0H0G) continued its acquisition strategy, announcing two new acquisitions during the quarter, which are expected to strengthen its market position.
  • The company maintained a strong focus on efficiency, reflected in an increased billing ratio of 75.9%.
  • Sweco AB (LTS:0H0G) secured several significant client projects, contributing to a stronger order book and demonstrating continued demand for its expertise.
Negative
  • The UK reported a negative growth rate of 3% due to fewer subconsultants and FTEs, indicating challenges in that market.
  • Denmark was impacted by lower investment in the pharmaceutical industry, although it managed to compensate with growth in other segments.
  • The EBITA margin in Germany and Central Europe was lower than last year, partly due to higher personnel costs.
  • Restructuring and integration costs in Sweden and Finland negatively impacted the quarter's results by SEK30 million.
  • The residential and commercial buildings segments, as well as parts of the industry segment, remained weak, reflecting ongoing market challenges.
Unidentified Company Representative

Hello, everyone, and thank you for joining us for this presentation of Sweco's Q2 Report. Asa Bergman, Sweco's President and CEO, is here together with Jan Allde Sweco's CFO, to take us through the results of the second quarter. And after the presentation, there will, of course, be an opportunity for you to ask questions.

So with that said, please Asa.

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

()- -

Welcome, everyone, to Sweco's Q2 presentation. Before we present the results for the second quarter, let me give you a quick overview of Sweco. Sweco is Europe's leading architecture and engineering consultancy with operations in 8 geographical business areas across 14 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 competency spread across 23,000 experts, our focus on organic and acquired growth as well as

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