Continued growth in a challenging quarter
Third quarter 2023
- Net sales increased by 14.3 percent to
- Organic growth adjusted for calendar effects was 8.9 percent (10.4)
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 5.4 percent (7.3)
- EBITA totalled
- EBITA margin was 5.1 percent (7.1)
- EBIT (operating profit) amounted to
- Basic earnings per share:
January-
- Net sales increased by 17.1 percent to
- Organic growth adjusted for calendar effects was 11.9 percent (6.9)
- EBITA, excl. items affecting comparability, was
- EBITA margin, excl. items affecting comparability, was 7.2 percent (7.7)
- EBITA totalled
- EBITA margin was 7.0 percent (6.9)
- EBIT (operating profit) amounted to
- Basic earnings per share:
COMMENTS BY THE CEO
The third quarter was characterised by continued organic growth, while the result was impacted by a negative calendar effect and volatility in certain segments, leading to a lower utilisation rate. To strengthen profitability, we have increased the pace and scope of the ongoing improvement programme in Infrastructure and restructured AFRY X.
The market is mixed, with strong underlying demand in the energy sector. For the industrial sector, the uncertainty in the market has increased, which is impacting for example large investment projects within pulp and paper. The development in the real estate segment remains weak.
Net sales during the third quarter came in at
EBITA, excluding items affecting comparability, amounted to
Infrastructure had a weak performance during the quarter, as the result was impacted by a continued weak real estate market, and a negative project item. Despite implemented measures, the performance remains unsatisfactory. To strengthen profitability and meet a weaker market, we have under new management expanded the ongoing improvement programme. This entails structural changes and capacity adjustments with a planned reduction of approximately 300 full-time positions, of which 150 positions in
The programme also includes measures to strengthen commercial and operational steering and improved resource planning. At the same time, the portfolio review is being intensified in all markets.
In order to optimise the IT-consultancy business and achieve synergies, AFRY X has as of
During the quarter,
For further information:
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Tel: +46 10 505 00 00
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.
The full report including tables (pdf) is available for download.
Link to press-images
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https://news.cision.com/afry/r/interim-report-january-september-2023,c3863959
https://mb.cision.com/Main/15400/3863959/2390010.pdf
https://mb.cision.com/Public/15400/3863959/8e7ce6b0a24c1f1f.pdf
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