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    AFRY   SE0005999836

AFRY AB

(AFRY)
  Report
Delayed Nasdaq Stockholm  -  11:29:48 2023-01-27 am EST
189.60 SEK   -0.68%
01/17Afry : Liquid Wind selects AFRY as engineering partner for second electrofuel facility in Sweden
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01/13Afry : advises on key transaction for one of the largest renewable energy operators in Italy
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01/12AFRY Wins Contract to Assess Cementa's Water Treatment Plant in Sweden
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Afry : Global Hydropower Day 11th of October

10/05/2022 | 04:22am EST

Hydropower, when developed sustainably, has brought major advancements in human progress by spurring economic growth, creating jobs, and improving standards of living, as well as increased energy supply.

More than 2 million people are employed in hydropower worldwide. But the benefits of sustainable hydropower reach far beyond the people who work in the sector.

The advantages of hydropower are many, not only being renewable with low climate emissions, but cost-effective and providing electricity at a competitive price. It also provides a secure electricity supply as it can be used both to generate baseload power (electricity that is always needed) and as balancing power (quickly turned on to meet new demand).

The fact that it is flexible is hydro's true strength in the electrical system and this becomes more and more valuable as we get more weather-dependent power in the systems. When there is no wind or the sun is not shining, hydropower can compensate and ensure that there is always electricity. The single largest renewable energy source.

Around 60 per cent of all renewable electricity is generated by hydropower. The sector produces about 16 per cent of total electricity generation from all sources.

In its 2021 Hydropower Special Market Report, the International Energy Agency (IEA) reports that hydropower accounts for nearly a third of the world's capacity for flexible electricity supply and has the potential to provide even more.

If the renewable energy that comes from hydropower was replaced by coal, IHA estimates up to 4 billion tonnes of additional greenhouse gases would be emitted annually, increasing global emissions from fossil fuels and industry by 10 per cent. There would also be 150 million more tonnes of air polluting particulates emitted each year.

Investing in sustainable hydropower will help electricity grids to expand renewable supply in a stable and reliable way, without the need to fall back on fossil fuels to avoid blackouts.

Disclaimer

Afry AB published this content on 05 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2022 08:21:08 UTC.


ę Publicnow 2022
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Financials
Sales 2022 23 386 M 2 266 M 2 266 M
Net income 2022 960 M 93,0 M 93,0 M
Net Debt 2022 6 778 M 657 M 657 M
P/E ratio 2022 22,4x
Yield 2022 3,16%
Capitalization 21 473 M 2 081 M 2 081 M
EV / Sales 2022 1,21x
EV / Sales 2023 1,12x
Nbr of Employees 18 576
Free-Float 77,3%
Chart AFRY AB
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Technical analysis trends AFRY AB
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 189,60 SEK
Average target price 219,67 SEK
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
Jonas Mikael Gustavsson President & Chief Executive Officer
Bo Sandstr÷m Chief Financial Officer & Executive Vice President
Tom Erixon Chairman
Joakim Rafael Rubin Independent Director
Maria Christina Schauman Independent Director
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