Afry : Presentation of Interim Report January-September 2021
October 26, 2021 at 12:46 pm IST
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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
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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.
AFRY AB, formerly AF Poyry AB, is a Sweden-based consulting, engineering and design company active mainly in the fields of energy, industry and infrastructure. The Companyâs activities are structured into five divisions: Infrastructure, Industrial and Digital Solutions, Process Industries, Energy, and Management Consulting. The Company's Industrial and Digital offering includes product development, production automation and information technology solutions within the automotive, telecommunications, defense and security, food processing, pharmaceutical, forestry, mining, and oil and gas sectors. In the field of Energy, the Company provides engineering and consulting services in the areas transmission and distribution, as well as power plants for all kinds of energy sources. The Company also provides management and design for infrastructure projects covering roads, railways and buildings. The Company operates worldwide.