Q2 2024 Sweco AB (publ) Earnings Call Transcript
Key Points
- 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.
- 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.
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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?
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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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