Sweco AB (SWEC_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and thank you for joining us for this presentation of Sweco's Q2 report. Åsa Bergman, Sweco's president and CEO, is here together with Jan Alde, Sweco's CFO, to take us through the results of the second quarter. And after their presentation, there will of course be an opportunity for you to ask questions. So with that said, please Åsa. Welcome everyone to Sweco's Q2 presentation. Before we present the result for the second quarter, 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 14 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 23,000 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. Let's start with a summary of the second quarter of 2026. It was a solid second quarter in a continued mixed market, characterized by broad organic growth, higher average fees, a strong billing ratio, and continued acquisition activity. Net sales increased by 9% to 8.6 billion SEK, and organic growth amounted to 3% adjusted for calendar effects. EBITDA increased to 864 million SEK corresponding to an EBITDA margin of 10.1% and EBITDA increased by 7% adjusted for calendar effects. The positive development was supported by higher average fees and an improved billing ratio as well as positive contributions from recent acquisitions. We also continue to execute on our M&A agend...