SWEC-BNasdaq StockholmIndustrialsIFRS · SEK

SWECO

Sweco AB is a prominent European architecture and engineering consultancy, specializing in the green transition. With over 22,000 professionals, the company collaborates with clients to develop innovative solutions that transform societies. Sweco operates across multiple European markets, providing services in energy, water, environment, infrastructure, and more. The company's strategic focus on efficiency and adaptation to market needs has driven significant growth and profitability improvements.

Ask about the company
Revenue31.6bn SEK
+3.0 %y/y
Operating profit (EBIT)3,203m SEK
+6.2 %y/y
EBIT margin10.1%
+0.3 ppy/y
Net income2,226m SEK
+7.4 %y/y
Free cash flow3,594m SEK
−2.8 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

010203040bn SEK2021: 21.8 bn SEK2021: EBIT 2.0 bn SEK20212022: 24.3 bn SEK2022: EBIT 2.2 bn SEK20222023: 28.5 bn SEK2023: EBIT 2.4 bn SEK20232024: 30.7 bn SEK2024: EBIT 3.0 bn SEK20242025: 31.6 bn SEK2025: EBIT 3.2 bn SEK2025TTM 2026: EBIT 3.3 bn SEKTTM3.3
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Architecture and Urban Planning20 %

Includes design and planning services for urban areas.

Engineering Consultancy25 %

Covers a wide range of engineering services across sectors.

Environmental Services15 %

Focuses on sustainability and environmental impact assessments.

Infrastructure Development20 %

Involves planning and execution of infrastructure projects.

Energy Transition Solutions10 %

Provides consultancy for renewable energy projects.

Water Management Services5 %

Offers solutions for water supply and sanitation.

Climate Adaptation Consultancy5 %

Advises on adapting to climate change impacts.

Customers

Sweco serves a diverse range of clients including government bodies, municipalities, private sector companies, and international organizations. The company's expertise in sustainable development and infrastructure attracts clients focused on the green transition. Public sector clients often engage Sweco for large-scale infrastructure and urban planning projects. Private sector clients, particularly in energy and environmental sectors, seek Sweco's consultancy for compliance and innovation. The company's reputation for delivering comprehensive solutions makes it a preferred partner for complex projects.

Public Sector

Engages Sweco for urban planning and infrastructure projects.

Private Sector

Seeks consultancy in energy and environmental compliance.

International Organizations

Focus on climate adaptation and sustainable solutions.

Strategy

Sweco's strategic priorities include enhancing operational efficiency and expanding its market presence in Europe. The company focuses on the green transition, leveraging its expertise in sustainable development to drive growth. Sweco aims to increase its billing ratio and average fees through strategic client engagements. The company is committed to maintaining a strong order backlog and adapting to market changes to ensure long-term success. Sweco's strategy is underpinned by its ability to deliver innovative solutions that meet evolving client needs.

Enhancing Operational EfficiencyShort term

To improve margins and profitability.

Expanding Market PresenceMedium term

To capture more clients in stable European markets.

Focusing on Green TransitionLong term

To align with global sustainability trends.

Geography

Sweco operates across 15 European markets, with a strong presence in Sweden, Norway, Finland, Denmark, the Netherlands, Belgium, the UK, and Germany & Central Europe. These regions are economically and politically stable, providing a conducive environment for growth. Sweco's local presence in these markets allows for tailored solutions that meet specific regional needs. The company's strategic focus on Europe ensures proximity to key clients and projects, enhancing its competitive position.

Risks

Sweco faces several risks including economic fluctuations in its key markets, regulatory changes, and project execution risks. The company's reliance on the European market exposes it to regional economic downturns. Regulatory changes, particularly in environmental and construction standards, can impact project timelines and costs. Project execution risks, including delays and cost overruns, pose challenges to maintaining profitability. Additionally, competition in the consultancy sector is intense, requiring continuous innovation and adaptation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Fluctuations1Project Execution Risks2Regulatory Changes3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic FluctuationsImpact: HighLikelihood: Medium

    Affects demand for consultancy services.

  2. Project Execution RisksImpact: HighLikelihood: Low

    Delays and cost overruns affect profitability.

  3. Regulatory ChangesImpact: MediumLikelihood: Medium

    Can impact project timelines and costs.

Accounting

Judgemental items
Revenue Recognition Timing

Affects quarterly financial results.

Impact: high

Calendar Effects

Influence reported performance and comparability.

Impact: medium

Pillar II Tax Legislation

Potential impact on tax liabilities.

Impact: medium

Similar listed companies

Publicly listed companies with a comparable business focus.

Skanska

SKA-B · Industrials

NCC

NCC-B · Industrials

Instalco

INSTAL · Industrials

Peab

PEAB-B · Industrials

AFRY

AFRY · Industrials

Swedbank

SWED-A · Financials

Last updated: 24/09/2026