Q3 report Jul-Sep 2021

JONAS GUSTAVSSON, CEO / JUUSO PAJUNEN, CFO / OCTOBER 26, 2021

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Strong organic growth driven by our industrial segments

Q3 2021

Net sales: SEK 4,419 million (4,021)

EBITA*: SEK 369 million (288)

EBITA-margin: 8.3% (7.2)

Jan-Sep 2021

Net sales: SEK 14,596 million (14,084)

EBITA*: SEK 1,217 million (1,146)

EBITA-margin: 8.3% (8.1)

  • Increased demand in Q3, especially in our industrial segments
  • Strong growth close to 10%, adjusted organic growth 7.5%
  • Stable result driven from strong performance in four out of five divisions
  • Strong focus in Infrastructure to improve growth and profitability
  • Announced acqusitions in 2021 is adding SEK 1 billion in net sales

2*Excl Items affecting comparability

Market update

  • Continued strengthened demand, especially in our industrial segments, driven by sustainable transition and the recovery from the pandemic.
  • In Infrastructure, the overall market is stable, however we have seen a more challenging market in Sweden, especially in transport infrastructure
  • In Industrial & Digital Solutions, strong demand across all segments such as automotive, manufacturing and food & life science
  • In Process Industries, the market remains stable, especially in OPEX services and smaller scale projects
  • In Energy, the general outlook is improving, however we continue to see delays in decision making for new projects and and delayed starts of awarded projects
  • In Management Consulting, continued positive trend in both the energy and bioindustry sectors

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Projects to highlight

  • Hitachi ABB Power Grids choose AFRY's digital twin as they take the next step on their digitalisation journey
  • Assignment by The Swedish Transport Administration for AFRYs Flowity - artificial intelligence for measuring traffic flows
  • Engineering assignment for Metsä Board at the Husum mill in Sweden
  • Rail engineering assignment for One Hour Train between Helsinki and Turku in Finland
  • National Power Supply Public Co has awarded
    AFRY the owner's engineer services assignment for floating solar PV project in Thailand

4

Acquisitions will add 1 billion in net sales

ACQUISITIONS Q3

  • Cubiq Analytics, Finland 67 SEK million net sales
  • Zert, Sweden
    16 SEK million net sales
  • INSUCO, Denmark
    15 SEK million net sales
  • Finnish consulting company in real estate
  • 470 SEK million net sales, 2020
  • 500 employees
  • Agreement to acquire all shares, conditional on approval from competition authorities

In total 16 announced acquisitions in 2021, adding SEK 1 billion in net sales

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ÅF Pöyry AB published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 07:15:15 UTC.