Sweco AB (SWEC_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome everyone to this presentation of Sweco's Q1 report that we released earlier this morning. With me today I of course have Sweco's President and CEO Åsa Bergman together with our CFO Olof Stolnake. They will present the results of the first quarter and after that we will open up for questions. But with no further delay, please Åsa. Welcome everyone to Sweco's Q1 presentation. Before we present the first quarter of the year, 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. With a strong financial track record and financial position, we are focused on continuing our growth journey and build on Sweco's success. With this introduction, let me start the presentation of Q1. We began the year with a solid quarter with continued growth and improved margins. Net sales exceeded 8 billion CET and we delivered a stable organic growth rate of 4%. EBITDA increased by 10% and the EBITDA margin increased to 11.2%. We sustained our positive operational trend with higher average fees, improved billing ratio and positive effects from cost control measures. Altogether, this shows a solid start of the year. Let us now dive into more details in the first quarter. In this quarter, six out of eight business areas reported EBITDA improvements and seven out of eight reported positive organic growth. We...