Sweco AB (OSTO:SWEC A)
kr 172.5 -2.5 (-1.43%) Market Cap: 62.55 Bil Enterprise Value: 69.30 Bil PE Ratio: 32.86 PB Ratio: 5.54 GF Score: 81/100

Q2 2024 Sweco AB (publ) Earnings Call Transcript

Jul 16, 2024 / 11:30AM GMT
Release Date Price: kr165 (+5.43%)

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

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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?

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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