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Investing.com -- Shares of AFRY AB climbed 6% following a mixed financial performance in its latest earnings report. The engineering and design company faced a slight decline in net sales, which came in at SEK 7,085 million, a 0.7% decrease compared to the same period last year. Organic growth also saw a marginal dip of 0.2%, adjusted for calendar effects.
The company’s Infrastructure segment reported a 2.0% increase in sales year-over-year (YoY), reaching SEK 2,790 million, with organic growth at 3.2%. The Energy segment also saw a notable rise, with sales up 9.4% YoY to SEK 1,052 million and organic growth at 6.7%. However, not all segments performed as well; the Process Industries division experienced a 9.7% YoY decline in sales, and Management Consulting sales decreased by 6.9% YoY.
Adjusted earnings before interest, taxes, and amortization (EBITA) fell slightly by 1.7% YoY to SEK 586 million, with an 8.3% margin, a marginal change from the 8.4% margin reported in the fourth quarter of the previous year. The Infrastructure segment’s adjusted EBITA increased by 14.0% YoY, boasting a 9.4% margin, while the Energy segment’s adjusted EBITA grew by 13.6% YoY, with an 11.9% margin.
Jefferies provided insights into the earnings, stating, "Despite these challenges, profitability was somewhat better than expected, thanks to margin improvements in Infrastructure and Energy, while Management Consulting remained stable, and Industrial & Digital Solutions and Process Industries saw declines. AFRY plans to present an updated strategy in 2H25."
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