AFRY

AFRY is a global engineering, design, and advisory company that supports the energy and industrial transition towards sustainability. With a workforce of 18,000 experts, AFRY operates across multiple sectors, providing services that include project management, engineering, and strategic advisory. The company is structured into global divisions focusing on energy, industry, and transportation, enabling it to tackle complex challenges and deliver innovative solutions worldwide. AFRY's mission is to unlock transitions towards a sustainable and resilient society, leveraging its deep sector knowledge and local insights.

17.9k

1.04

1.01

— AFRY
%
Energy21% Includes engineering and advisory for energy production, distribution, and storage.
Industry44% Encompasses engineering and advisory for process and manufacturing industries.
Transportation & Places35% Covers engineering services for road, rail, and public places.

AFRY serves a diverse range of clients across the energy, industrial, and infrastructure sectors...

  • Energy Companiesprimary

    They buy engineering and advisory services for energy transition.

  • Industrial Manufacturersprimary

    They seek process optimization and project management services.

  • Public Sectorsecondary

    They require infrastructure development and sustainability solutions.

AFRY has a strong presence in the Nordics, accounting for 72% of its sales, with additional operations across Europe,...

  • Strong presence in the Nordics with 72% of sales
  • Operations in over 50 countries worldwide
  • Key markets include Sweden, Finland, and Norway
  • Expanding presence in Asia and the Americas
  • Geographic diversity mitigates regional risks

AFRY's strategic priorities focus on driving profitable growth through a simplified group structure and harmonized...

01
Simplified Group Structureshort-term

To enhance operational efficiency and profitability.

02
Energy Transition Expansionmedium-term

To capitalize on growing demand for sustainable solutions.

03
Sustainability Commitmentlong-term

To align with global environmental goals and enhance market position.

AFRY faces several risks, including geopolitical tensions and macroeconomic uncertainties that may delay project...

high

Geopolitical Tensions

They can delay decision processes and project launches.

Materiality
high
medium

Macroeconomic Uncertainties

They affect market conditions and demand.

Materiality
high
medium

Currency Fluctuations

They impact financial performance due to global operations.

Materiality
medium
Revenue Recognition
Currency Fluctuations
Hedge Accounting

: 11/08/2026