Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q1 2025 Earnings Presentation
15 slides from Sweco Ab Class A's earnings presentation, Apr 29, 2025
Slide 1: Asa Bergman, President & CEO; Olof Stalnacke, CFO
Asa Bergman, President & CEO lof Stalnacke, CFO - PPI
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 2024, % Net sales by business area in 2024, % ™ Buildings & Urban areas: 37 Kon * Sweden: 29 » Water, energy & industry
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 8,066 million (7,720) * Organic growth 4 per cent (4), adj. for calendar effects * Total growth 4 per cent (8) EBITA increased to SEK 900 million (793) * Increase of 10 per cent or SEK 81 million, adj. for calendar effects * EBITA margin 11.2 per cent (1
Slide 4: Operational highlights
Operational highlights Continued positive operational trend Solid organic growth Stable order backlog and good order inflow Positive effects from efficiency measures — and further actions initiated in Sweden, Finland and Norway in the quarter Billing ratio improving by 0.9%u to 73.6 per cent (72.7)
Slide 5: Market overview
Market overview Demand remained in line with previous quarters. Good to strong demand * Infrastructure, water, environment and energy segments, as well as security and defence Weak demand * Mainly in residential and commercial real estate, and parts of the industry segment sweco %
Slide 6: Summary result, Q1 2025
Summary result, Q1 2025 Net sales SEK 8,066 million (7,720) * Organic growth 4 per cent, adj. for calendar effects * Acquired growth 1 per cent * Currency effects 0 per cent EBITA SEK 900 million (793) * Increased 10 per cent or 81 MSEK, adj. for calendar effects * EBITA margin 11.2 per cent (10.3)
Slide 7: Q1: Net sales - organic growth in business areas
Q1: Net sales — organic growth in 7 out of 8 Business Areas SEK 8,066 million (7,720) 4% total growth (8%) 4% organic growth (4%), adj for calendar effects Net sales development * Higher average fees and a higher billing ratio had a positive impact Organic growth adjusted for calendar, % Group SE NO
Slide 8: Q1: EBITA increased adjusted for calendar effects
Q1: EBITA increased SEK 81 million adjusted for calendar SEK 900 million (793) EBITA in 01.2025 by business area, MSEK EBITA margin, % 10% increase y-o-y, adj. for calendar effects 11.2% EBITA margin (10.3) Coup A = 11.2 (10.3) SE 11.3 (12.6) NO 12.4 (7.9) FI 9.0 (9.9) OK 16.0 (13.8) NL 10.7 (8.9) B
Slide 9: Q1: Business Areas increased EBITA adjusted for calendar
Q1: 6 of 8 Business Areas increased EBITA adjusted for calendar EBITA development higher average fees improved billing ratio higher personnel expenses net negative impact from restructuring costs of SEK 7 million 2 more working hours corresponding to a positive year-on-year impact of SEK 27 million
Slide 10: Q1: Strong financial position
Q1: Strong financial position Net Debt decreased to SEK 1,607 million (3,118) mainly due to good operating cash flow including improved working capital levels * Cash flow from operating activities of SEK 242 million (351) * M&A cash outflows of SEK 69 million (90) 0.5x Net Debt/EBITDA (1.1x) SEK 4,8
Slide 11: Calendar effects
Calendar effects The number of normal working hours in 2025, based on the 12- month sales-weighted business mix, is broken down as follows: 2025 2024 Diff. Quarter 1 491 489 2 Quarter 2 464 475 -11 . 5 oe - TH enn enn Toek sn 96k sen % - sweco %
Slide 12: Projects
Projects Projects won in the quarter reflect the diversity of our business across several growth segments. Expanding the electricity grid in Denmark This quarter we won a DKK 400 million five-year contract with Cerius-Radius and Nexel, to support expansion of the electricity grid in Eastern Denmark
Slide 13: Well-positioned going forward
Well-positioned going forward * Continued focus on efficiency improvements * Capture growth opportunities and mitigate challenges * Focus on new M&A opportunities sweco 2 18
Slide 14: Thank you!
Slide 15: Sweco
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