Fiery Flash: Sweco Exceeds Q3 Expectations

Sweco, the Swedish engineering consultancy, posted a strong third-quarter performance, with operating profit exceeding analyst expectations at SEK 569 million, slightly above the estimated SEK 559.3 million. Net sales reached SEK 6.78 billion, supported by a higher billing ratio and greater efficiency, though just shy of the SEK 6.86 billion forecast.

 

CEO Åsa Bergman highlighted Sweco’s dual focus on efficiency and growth, with sustained demand in sectors like energy, water, infrastructure, defence, and security. Recent growth in defence and pharmaceuticals reflects Sweco’s strategy to explore new markets and support Europe’s green transition. The EBITA margin improved to 8.7% from last year’s 7.2%, while organic growth rose to 4%, adjusted for a beneficial calendar effect. However, higher personnel costs slightly impacted these gains.

 

Sweco continues to prioritise acquisitions, recently adding Germany’s Frilling + Rolfs and Valstar Simonis, strengthening its expertise in wastewater and sustainable building services. Key new projects include designing Belgium’s 2,800 MWh Green Turtle battery park and expanding Sweden’s transport network. These wins underscore Sweco’s focus on growth and efficiency, cementing its role as a vital advisor in Europe’s shift towards sustainable infrastructure.