Sweco Ab Class A · OMXSTO:SWEC_A
Sweco Ab Class A — Q3 2025 Earnings Presentation
17 slides from Sweco Ab Class A's earnings presentation, Oct 29, 2025
Slide 1: Q3 2025
Q3 2025 October29 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 2024, % Net sales by business area in 2024, % Buildings & Urban areas: 37 23,000 experts • Sweden: 29 Water, energy & i
Slide 3: Quarter highlights
Quarter highlights Net sales increased to SEK 7,138 million (6,779) • Organic growth 4 per cent (4), adj. for calendar effects 7,138 702 • Total growth 5 per cent (6) Net sales, SEK million EBITA, SEK million EBITA increased to SEK 702 million (588) • Increase of 19 per cent or 114 MSEK • EBITA marg
Slide 4: Operational highlights
Operational highlights Positive development across most business areas • Increase in orders received and order backlog 7/8 Business Areas • Double-digit margins in Sweco Germany & Central Europe, reportedincreased EBITA Denmark, and Belgium • Strong result in Sweoc Germany & Central Europe driven by
Slide 5: Market overview
Market overview Demand remained in line with previous quarters • Good demand in energy, infrastructure, waterand environment segments • Increased demand in security and defence • Weak demand in parts of the industry, buildings and real estate segments 5
Slide 6: Summary result, Q3 2025
Summary result, Q3 2025 Net sales increased to SEK 7,138 million (6,779) • Organic growth 4 per cent (4), adj. for calendar effects • Acquired growth 3 per cent (3) • Currency effects -2 per cent (-2) • Total growth 5 per cent (6) EBITA increased to SEK 702 million (588) • Increase of 19 per cent or
Slide 7: Q3: Net sales – organic growth in 7 out of 8 Business Areas
Q3: Net sales – organic growth in 7 out of 8 Business Areas Net sales: SEK 7,138 million (6,779) Organic growth, % Net sales by business area, MSEK Organic growth excl calendar effects: 4% (4%) Group 7,138 (6,779) • No calendar effect in the quarter SE 1,963 (1,828) NO 733 (717) Organic growth devel
Slide 8: Q3: EBITA increased SEK 114 million
Q3: EBITA increased SEK 114 million EBITA margin, % EBITA: SEK 702 million (588) Q324 8.7 Group Q325 • 19% increase y -o-y 9.8 • 9.8% EBITA margin (8.7) SE 7.5 6.7 2.7 NO 4.7 9.2 FI 9.1 14.3 DK 17.3 7.8 NL 8.1 12.0 BE 13.6 5.8 UK 7.2 10.3 DE&CE 14.6 8
Slide 9: Q3: 7 of 8 Business Areas increased EBITA
Q3: 7 of 8 Business Areas increased EBITA EBITA development Q3 2025 EBITA contributors +19% • higher average fees 702 702 • improved billing ratio 5 0 • FTE growth 39 • higher personnel expenses • PE transaction & integration costs of SEK 7 33 million, whereof Sweden SEK 28 million 16 11 No calendar
Slide 10: Q3: Strong financial position
Q3: Strong financial position Cash flow YTD impacted by recent acquisitions Net debt, Q3 2021– Q3 2025 (SEK million) 5000 • Cash flow from operating activities of SEK 1,353 million (1,697) 4000 • M&A cash outflows of SEK 739 million (165) 3000 • Dividend of SEK 1,187 million (1,059) paid out 2000 10
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 Quarter 3 516 516 0 Quarter 4 485 484 1 Total 1,956 1,964 -8 11
Slide 12: Acquisitions in Q3
Acquisitions in Q3 Luxembourg: PROgroup and +ImpaKT, 2 July • Engineering firms, 40 experts, net sales SEK ~60 million The Netherlands: Volantis, 4 July • Engineering and architecture, 150 experts, net sales SEK ~219 million Sweden: Projektengagemang, mid-July • Net sales SEK ~800 million, 650 exper
Slide 13: Acquisitions after the quarter
Acquisitions after the quarter Finland: Fimpec Group, 7 October • Fimpec offers specialist expertise in renewable energy, hydrogen, bio- and circular economy, forest industry, and batteries and critical minerals • Net sales SEK ~577 million – adding around 400 experts • The transaction is subject to
Slide 14: Projects
Renewing power lines in Supporting sustainable Sweden transportation in Norway Projects Sweden’s national electricity grid operator has During the quarter, Sweco entered a framework commissioned Sweco to agreement with public renew power lines in transport operator Sporveien Jämtland . This will enh
Slide 15: Well-positioned going forward
Well- positioned going forward • Continued focus on efficiency and margin improvements • Capture growth opportunities in a mixed market • Pursue attractive M&A prospects • Advance Sweco’s position in the planning and designing of a more competitive and resilient Europe 15
Slide 16: THANK YOU!
THANK YOU! February 11, 2026 Q4-2025 Financial report
Slide 17: SWECO
SWECO ras)