Sweco AB (SWEC_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Sweco's Q3 report. Sweco's president and CEO Åsa Bergman is with us this morning together with CFO Jan Alde. Together they will take us through the results of the third quarter and they were presented earlier this morning as you are aware and after their presentation we will open up for questions. So please Åsa. Welcome everyone to Sweco's Q3 presentation. Before we present the third quarter results, let me give you a quick overview of Sweco. Sweco is Europe's leading architecture and engineering consultancy with operation 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 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. With this, let's go into the presentation of Q3 2025. Sweco delivered a strong result in a mixed market. Net sales increased by 5% to 7.1 billion SEK, and the organic growth rate was 4%. EBITDA increased to 702 million SEK, an increase of 19%, with a margin of 9.8%. The positive development was driven by further improvements in average fees and billing ratio and a higher number of employees, as well as improved cost control and realized synergies from previous acquisitions. We also maintained a high M&A activity, closing five acquisitions in the quarter, including the listed company project engagement in Sweden. And after the quarter, we added another three in October. I ...