Afry Ab (AFXXF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to AFRI's presentation of our results for the second quarter of 2026. I am Linda Pålsson, I am CEO of AFRI, and as always, I will begin by sharing my perspective on the quarter before handing over to our CFO Bo Sandström, who will take you through the financial results in more detail. Following the presentation, we will open up for questions. So let's begin. In the second quarter, we have continued to make progress in the execution of our strategy. As a result, we strengthened the order backlog further. It increased 8% year over year and now amounts to 22.4 billion SEK. We also continue to improve the utilization rate. And after 14 consecutive quarters of decline, we have now delivered three quarters with consistent improvement. This is a strong validation of the actions we have taken. In the quarter, we completed our restructuring agenda aimed at optimizing our portfolio and adjust capacity. Total sales was minus 2.4% and the organic sales growth adjusted for calendar effect was minus 5.3%. This reflects the strategic capacity adjustments we have implemented over the past year. EBITDA margin excluding items affecting comparability was in line with last year and amounted to 6.7%. It is evident that our progress is not yet reflected in our financial results. We are now shifting focus to organic growth to capture profitability uplift from the actions we have taken. And we have reached several important milestones during this quarter that will improve efficiency and support organic growth going forward. And I will come back to this later in the presentation. But first, let me take you through how our division performed during the quarter, and we will start with energy. The overall energy market remains strong. It's driven by the global energy tr...