Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q3 2026 Earnings Presentation
19 slides from Sweco Ab Class A's earnings presentation, Oct 29, 2026
Slide 1: Q3 2026
Q3 2026 October 29 Åsa Bergman, President & CEO Jan Allde, CFO
Slide 2: Sweco - Europe's leading architecture and engineering consultancy
Sweco - Europe’s leading architecture and engineering consultancy Operations in three segments Drivers for success Eight geographical business areas Net sales by service segment in 2025, % Net sales by business area in 2025, % Buildings & Urban areas: 38 23,000 experts • Sweden: 29 Water, energy & i
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 7,606 million (7,138) • Total growth 7 per cent (5) 7,606 786 • Organic growth 2 per cent (4), adj. for calendar effects Net sales, SEK million EBITA, SEK million EBITA increased to SEK 786 million (702) • Increase of 10 per cent or SEK 72 million, adj.
Slide 4: Operational highlights
Operational highlights Strong quarter with increased efficiency • Organic growth in 5 out of 8 business areas 6/8 Business Areas • EBITA growth in 6 out of 8 business areas reported increased EBITA • Billing ratio improving by 1.1%u to 75.1% (74.0) • Main EBITA improvement from Sweco Sweden, Norway
Slide 5: Market overview
Market overview Demand in line with previous quarters • Good demand in energy, infrastructure, water and environment segments • Continued growing demand in security and defence • Public and commercial buildings segments improved driven by investments in hospitals, defence and data centres • Weak dem
Slide 6: Summary result, Q3 2026
Summary result, Q3 2026 Net sales SEK 7,606 million (7,138) • Organic growth 2 per cent (4), adj. for calendar effects • Acquired growth 3 per cent (3) • Currency effects 1 per cent (-2) • Total growth 7 per cent (5) EBITA SEK 786 million (702) • Increase of 10 per cent or SEK 72 million, adj. for c
Slide 7: Q3: Net sales – organic growth in 5 out of 8 Business Areas
Q3: Net sales – organic growth in 5 out of 8 Business Areas Net sales: SEK 7,606 million (7 ,138) Organic growth adjusted for calendar, % Organic growth: 2% (4%), adj. for calendar effects Group 2% SE 2% Net sales drivers: NO 6% • Higher average fees FI 5% • Higher billing ratio DK -7% • Negative or
Slide 8: Q3: EBITA margin increased to 10.3 per cent
Q3: EBITA margin increased to 10.3 per cent EBITA: SEK 786 million (702) Reported EBITA margin, % Q3 25 Q3 26 • 10% increase y -o-y, adj. for calendar effects • 10.3% margin (9.8) 17.3 15.2 14.6 EBITA drivers: 13.6 13.9 12.8 • Higher average fees • Higher billing ratio 9.8 10.3 10.0 8.9 9.1 8.9 • Hi
Slide 9: Q3: EBITA increased SEK 72 million adjusted for calendar
Q3: EBITA increased SEK 72 million adjusted for calendar Q3 2026 EBITA contributors EBITA development +10% • Restructuring and integration (+72) 786 costs of SEK 16 million (28) in SE 20 -25 11 -12 2 -5 773 13 5 • Integration costs of SEK 2 million 24 (0) in FI 51 1 more working hour 702 • Correspon
Slide 10: Q3: Strong financial position
Q3: Strong financial position Net debt, Q3 2021– Q3 2026 (SEK million) Cash flow YTD 2026 5,000 • Cash flow from operating activities of SEK 1,121 million 4,000 (1,353), impacted by seasonal increase of working capital 3,000 • M&A cash outflows of SEK310 million (739) 2,000 • Dividends paid of SEK 1
Slide 11: Calendar effects 2026 and 2027
Calendar effects 2026 and 2027 The number of normal working hours, based on 12-month sales- weighted business mix, is broken down as follows: 2025 2026 2027 Delta hours Delta hours 2026 vs 2027 vs 2025 2026 Quarter 1 491 486 469 -5 -17 Quarter2 464 468 491 5 23 Quarter 3 516 517 517 1 0 Quarter 4 48
Slide 12: Acquisitions in Q3
Acquisitions in Q3 Germany: STEIN, 14 July • Specialists within the water sector • Net sales SEK 67 million – adding around 60 experts Sweden: Sitowise Sverige AB, 31 July • Experts in structural engineering, transport infrastructure • Net sales SEK 296 – adding around 257 experts Belgium: All Soil
Slide 13: Sweco AI-strategy update
Sweco AI-strategy update Level 3 • AI is built into our operating model Accelerate digital innovation • Strategy creates three levels of value Level 2 Develop tailored solutions • We are moving from broad adoption to Automate core processes as a part of client project redesign of entire end-to-end w
Slide 14: Core strengths – enhanced by AI
Core strengths – enhanced by AI • We understand our clients needs • Our decentralised organisation makes us agile • We have the scale to invest • We are multidisciplinary 14
Slide 15: AI in practice
AI in practice WATER ENERGY ENVIRONMENT ENVIRONMENT Smart Water Sweco Flexibility Tool CAPTURE Platform Sampling Plan Helps cities anticipate floods Simulates flexible energy use to Uses machine learning to protect AI-automated data collection, and prevent water pollution. reduce peak consumption. h
Slide 16: Projects
High-security facilities in Future-proofing energy Sweden infrastructure in Denmark Projects Sweco won a SEK 500 million framework agreement for Sweco has been appointed sole consultant to Aalborg high-security facilities for a Forsyning, one of Denmark’s Swedish state -owned largest utility compani
Slide 17: Priorities going forward
Priorities going forward • Maintaining high internal efficiency and driving further margin improvements, with emphasis on FTE growth • Pursuing an active M&A agenda and continued effective integration of acquisitions • Combining our strong market position with AI to create greater value for clients
Slide 18: THANK YOU!
THANK YOU! February 11 Q4-2026 Financial Report
Slide 19: SWECO
SWECO ras)