Q2 report Apr-Jun 2021

JONAS GUSTAVSSON, CEO / JUUSO PAJUNEN, CFO / JULY 14, 2021

1

Strong organic growth

Q2 2021

Net sales: SEK 5,177 million (4,808)

EBITA: SEK 416 million (383)

EBITA-margin: 8.0% (8.0)

Jan-Jun 2021

Net sales: SEK 10,176 million (10,063)

EBITA: SEK 848 million (858)

EBITA-margin: 8.3% (8.5)

2

  • Continued strengthened demand, especially in our industry segments
  • Strong adjusted organic growth of 7.0%
  • EBITA-marginwas 9.2% when adjusted for change of salary accounting method
  • FX negative impact of Net sales of approx. SEK 134 million and EBITA approx. SEK 12 million
  • 12 acquisitions so far this year equal to annual sales of approx. SEK 500 million or 2.6%

Market update

  • Continued strengthened demand, especially in our industry- segments, driven by sustainability and digitalisation
  • In Infrastructure, continued stable demand driven by increased public spending in construction and transport infrastructure
  • In Industrial & Digital Solutions, strong recovery in all segments, in particular automotive and manufacturing
  • In Process Industries, the market remains stable, especially in smaller scale and mid-sized OPEX projects
  • In Energy, the general sentiment is solid, however we continue to see delays in decision making for large CAPEX projects
  • In Management Consulting, continued positive trend in both the energy and bioindustry sectors

3

Projects to highlight

  • IT agreement for the Swedish public sector, approx. MSEK 100 per year
  • Turn-keyproject, food & pharma for Chr. Hansen in Denmark
  • Engineering partner on pumped storage power plant in Israel
  • Engineering assignment for floating solar project in Thailand
  • Assignment to develop the world's largest thermal energy storage for Vantaa Energy in Finland
  • Main partner in Viking Malt's new production plant project in Finland
  • Assignment for Deutche Bahn for the expansions of the Berlin railway infrastructure
  • Assignment for a pilot project for electrification of the Swedish state road network

4

Eight acquisitions in Q2 and twelve in total 2021

Q1 2021

Segment

Net sales

ProTAK

Digital, Process Industries

MSEK 13

Gärderup

Building, Infrastructure

MSEK 8

EKOM

Water expertise, Energy

MSEK 5

ITE Østerhus

Digital, Process Industries

MSEK 40

Total

MSEK 66

Q2 2021

Segment

Net sales

TM Konsult

Buildings, Infra

MSEK 100

Evolve

Digital, IDS

MSEK 85

Pinja Industry

Digital, Process Industries

MSEK 140

Numerola

Digital, Energy

MSEK 12

MosaicMill

Digital, MC

MSEK 4

Simosol

Digital, MC

MSEK 20

Suunnittelukide

Construction, Infra

MSEK 34

Optima Nexus

Digital, IDS

MSEK 37

Total

MSEK 432

5

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ÅF Pöyry AB published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2021 07:04:02 UTC.