Engineering consultancy Sweco reported first-quarter revenue in line with expectations, while operating profit saw a slight contraction.
Net sales rose 3.3 per cent to SEK 8,334 million (8,066), compared to a Modular Finance analyst consensus of SEK 8,463 million. Organic sales growth stood at 3 per cent (4).
Ebita amounted to SEK 869 million (900), against an expected SEK 892 million, yielding an ebita margin of 10.4 per cent (11.2).
Operating profit (EBIT) landed at SEK 837 million (891), with an operating margin of 10.0 per cent (11.0).
Net profit for the period was SEK 591 million (644).
Earnings per share amounted to SEK 1.64 (1.79).
'Sweco reported a solid first quarter of 2026. We delivered positive organic growth and increased both our fee rates and the billing ratio. We navigated the mixed market well, expanded our order book, and continued our acquisition activities', commented Sweco CEO Åsa Bergman.
Most business areas showed strong performance with overall organic growth of 3 per cent, she added. Sweco benefited from higher average fees and an improved billing ratio.
'Markets remained largely unchanged, with stable demand in infrastructure, water, environment, energy, as well as defence and security. Demand remained weak in residential and commercial real estate, as well as in parts of the industrial segment', Bergman stated.
Under the heading 'Priorities ahead', she noted the following:
'Remaining active and flexible is essential to operating in a mixed market with increased geopolitical uncertainty. Sweco's decentralised operating model allows us to stay close to our customers' needs and react swiftly to changing market conditions. We continue to be responsive to market developments while maintaining a clear focus on growth opportunities, internal efficiency, AI development, and our acquisition agenda.'
Sweco AB (publ) is a Sweden-based company engaged in the provision of consulting services within the areas of engineering, environmental technology and architecture. The Company offers multidisciplinary services in segments: The Buildings and urban areas segment develops solutions to help cities grow and become resilient, attractive places to live; The Water, energy and industry segment designs modern technological solutions that ensure society’s and industry’s access to clean water, reliable energy supply and increased resource efficiency; The Transportation infrastructure engaged in the design sustainable transport solutions that enable tomorrow’s cities and societies to manage a growing population and new mobility demands; and The Architecture integrated architecture and engineering operations in seven of its eight main markets.
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