Sweco AB (SWEC_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to this presentation of Sweco's Q2 report. With us today, we have Sweco's president and CEO, Åsa Bergman, and CFO, Nås Dolnacke. They will take us through the results of the second quarter of the year, and after that, we will open up for questions. So please, Åsa. Welcome, everyone, to Sweco's Q2 presentation. Before we present the second quarter result, 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 a 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 Q2 2025. FECO delivered a stable performance in a quarter marked by a significant negative calendar effect. Net sales were 7.8 billion set and the organic growth rate was 2% adjusted for calendar. Net sales were down 3% in the quarter affected by a negative currency effect and the negative calendar effect. EBITDA amounted to 750 million SEK and the EBITDA margin was 9.6%. EBITDA increased by 15% or 115 million SEK adjusted for calendar. We continue to see further improvements in average fees and billing ratio. We are also executing on our M&A agenda with the announcement of several new acquisitions during the quarter. I will get back to the acquisitions later in this pr...