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Strong organic growth driven by our industrial segments
"There was strong demand in the third quarter, particularly within our industrial segments, driven by societal transitions and the recovery from the pandemic. The quarter can be summarised by strong organic growth and a stable result, so far this year
Third quarter 2021
- Net sales amounted to
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 8.3 percent (7.2)
- EBITA totalled
- EBITA margin was 8.3 percent (6.7)
- EBIT (operating profit) was
- Basic earnings per share:
January-
- Net sales amounted to
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 8.3 percent (8.1)
- EBITA totalled
- EBITA margin was 8.3 percent (7.9)
- EBIT (operating profit) was
- Basic earnings per share:
COMMENTS BY THE CEO
There was strong demand in the third quarter, particularly within our industrial segments, driven by societal transitions and the recovery from the pandemic. The quarter can be summarised by strong organic growth and a stable result, so far this year
Continued strong organic growth
We delivered strong growth in the third quarter with net sales of
Results
EBITA, excluding items affecting comparability, was
Performance in the divisions
The Infrastructure Division reported a modest growth during the quarter, however with a weak result. The result was negatively impacted by a lower utilisation rate. The development was particularly weak in transport infrastructure in
After the end of the quarter we have entered into an agreement to acquire all the shares in
The Industrial & Digital Solutions Division had a strong quarter with improved growth and results driven by a strong trend in all segments. The largest automotive clients have expanded both their ambition and the pace of product development and production investments, which are driven to a large extent by electrification and the need for software development, an area in which
The Process Industries Division showed a strong growth and result trend during the quarter, particularly in
The Energy Division showed a strong result, partly due to well-executed major projects. However, a negative growth was reported due to the pandemic continuing to impact decision-making processes for new projects and delaying starts of awarded projects. That said, the division is well positioned with great opportunities to participate in the ongoing energy transition, and it has a clear focus on growth in 2022.
The Management Consulting Division showed a strong growth and results trend, driven by an increased demand for strategic consultancy services within the energy and bio industry.
Sustainable and digital solutions
We entered several new agreements during the quarter, and I am particularly proud of the fact that
Strong focus on growth and digitalisation
To meet higher levels of demand, we have accelerated the pace of recruitment in all divisions and growth through acquisitions. A total of four acquisitions have been announced during and after the quarter, which amounts to 16 acquisitions since the beginning of the year. In total, the acquired companies, including
One of
Well positioned for sustainable development
We are seeing a continued increasing demand, particularly in our industry segments, although the pandemic is continuing to affect certain decision-making processes for new major projects. The ongoing transition in society towards sustainable solutions and increased digitalisation give us great opportunities for a positive development going forward. We are well positioned to take a leading role and have a strong focus on growth and value creation.
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www.afry.com / info@afry.com
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This report has been subjected to scrutiny by the company's auditors.
This information fulfils
All assumptions about the future that are made in this report are based on the best information available to the company at the time the report was written. As is the case with all assessments of the future, such assumptions are subject to risks and uncertainties, which may mean that the actual outcome differs from the anticipated result.
This is a translation of the Swedish original. The Swedish text is the binding version and shall prevail in the event of any discrepancies.
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