Business description: Afry AB

AFRY AB, formerly AF Poyry AB, is a Sweden-based consulting, engineering and design company active mainly in the fields of energy, industry and infrastructure. The Company’s activities are structured into five divisions: Infrastructure, Industrial and Digital Solutions, Process Industries, Energy, and Management Consulting. The Company's Industrial and Digital offering includes product development, production automation and information technology solutions within the automotive, telecommunications, defense and security, food processing, pharmaceutical, forestry, mining, and oil and gas sectors. In the field of Energy, the Company provides engineering and consulting services in the areas transmission and distribution, as well as power plants for all kinds of energy sources. The Company also provides management and design for infrastructure projects covering roads, railways and buildings. The Company operates worldwide.

Number of employees: 15,935

Sales by Activity: Afry AB

Fiscal Period: December 2021 (SEK) 2022 (SEK) 2023 (SEK) 2024 (SEK) 2025 (SEK)

Industry

- - - - 11.55B

Transportation & Places

- - - - 9.24B

Energy

2.68B 3.03B 3.58B 3.86B 5.66B

Management Consulting

990M 1.16B 1.61B 1.66B -

Industrial & Digital Solutions

5.78B - 6.79B 6.86B -

Group Common

1.16B 1.42B 1.52B 1.59B 1.85B

Group Common/eliminations

-2.04B -2.29B - - -

Eliminations

- - -2.31B -2.47B -2.55B

AFRY X

- 1.18B - - -

Industrial & Digital Solutions (Excluding AFRY X)

- 5.5B - - -

Process Industries

3.82B 4.62B 5.57B 5.19B -

Infrastructure

7.71B 8.94B 10.22B 10.47B -

Geographical breakdown of sales: Afry AB

Fiscal Period: December 2021 (SEK) 2022 (SEK) 2023 (SEK) 2024 (SEK) 2025 (SEK)

Sweden

12.94B 14.17B 14.92B 15.14B 14.84B

Other Countries

3.31B 4.3B 5.68B 6.11B 5.63B

Finland

2.42B 3.4B 3.85B 3.4B 3.06B

Norway

1.91B 2.18B 2.39B 2.46B 2.42B

Switzerland

1.51B 1.72B 1.96B 2.03B 1.92B

Denmark

1.02B 1.26B 1.69B 1.78B 1.9B

Germany

712M 838M 1.05B 1.13B 1.04B

Group Common/Eliminations

-3.71B -4.33B -4.57B -4.89B -5.05B

Executive Committee: Afry AB

Manager TitleAgeSince
Chief Executive Officer 52 2025-01-11
Director of Finance/CFO 51 2021-12-31
Investor Relations Contact - -
Corporate Officer/Principal 59 2026-01-18
Human Resources Officer 53 -

Composition of the Board of Directors: Afry AB

Director TitleAgeSince
Director/Board Member 61 2011-12-31
Director/Board Member 52 2018-12-31
Director/Board Member 65 2020-12-31
Chairman 66 2021-06-02
Director/Board Member 69 2021-12-31
Director/Board Member 54 2020-12-31
Director/Board Member 51 -
Director/Board Member 59 2024-04-23
Director/Board Member 53 2024-04-23
Director/Board Member 55 2025-04-29

Shareholders: Afry AB

NameEquities%Valuation
Fjärde AP-fonden
7.338 %
7,995,829 7.338 % 120 M kr
Capital Research & Management Co. (World Investors)
5.229 %
5,697,593 5.229 % 85 M kr
Första AP-fonden
3.306 %
3,602,000 3.306 % 54 M kr
Cliens Kapitalförvaltning AB
2.491 %
2,714,095 2.491 % 41 M kr
Fondsfinans Kapitalforvaltning AS
2.065 %
2,250,000 2.065 % 34 M kr

Company details: Afry AB

AFRY AB

Frösundaleden 2A

169 75, Solna

+46 1 05 05 00 00

http://www.afconsult.com
address Afry AB(AFRY)

Group companies: Afry AB

NameCategory and Sector
Miscellaneous Commercial Services
AF Mercados Energy Markets International SA
AF Mercados Energy Markets International SA
Engineering & Construction
Engineering & Construction

Other Business Support Services

Change 5d. change 1-year change 3-years change Capi.($)
+2.16%+3.32%-27.89%-30.41% 1.56B
+0.45%+0.34%-13.71%+55.49% 69.99B
+3.41%+5.04%+8.98%+80.53% 19.21B
-3.35%-4.02%+6.98%+7.89% 14.43B
+0.85%+2.99%+5.47%+3.34% 14.17B
+0.62%+8.02%+51.47%+76.94% 8.14B
+1.06%+1.98%-12.09%-4.34% 7.88B
-3.83%-9.43%-26.83%-23.81% 5.8B
+1.50%+2.01%+62.75%+73.52% 6.08B
+0.68%+1.20%+3.33%-18.02% 4.85B
Average +0.36%+1.79%+5.85%+22.11% 15.21B
Weighted average by Cap. +0.44%+1.26%-0.57%+41.79%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
127.70SEK
Average target price
166.25SEK
Spread / Average Target
+30.19%

Quarterly revenue - Rate of surprise