# AFRY > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/afry). ## Overview 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. ## Products & services • Engineering and design services • Project management • Strategic advisory • Energy transition solutions • Industrial process optimization • Infrastructure development • Lifecycle optimization services - **Energy** (21%) — Includes engineering and advisory for energy production, distribution, and storage. - **Industry** (44%) — Encompasses engineering and advisory for process and manufacturing industries. - **Transportation & Places** (35%) — Covers engineering services for road, rail, and public places. - Engineering and design services - Project management - Strategic advisory - Energy transition solutions - Industrial process optimization - Infrastructure development - Lifecycle optimization services ## Customers AFRY serves a diverse range of clients across the energy, industrial, and infrastructure sectors. Its customers include major energy companies, industrial manufacturers, and public sector organizations seeking to transition to more sustainable operations. Clients rely on AFRY for its expertise in managing complex projects and delivering innovative solutions that enhance operational efficiency and sustainability. The company's global reach and local insights make it a preferred partner for organizations looking to navigate the challenges of energy and industrial transitions. - **Energy Companies** (primary) — They buy engineering and advisory services for energy transition. - **Industrial Manufacturers** (primary) — They seek process optimization and project management services. - **Public Sector** (secondary) — They require infrastructure development and sustainability solutions. - Energy companies seeking transition solutions - Industrial manufacturers optimizing processes - Public sector organizations enhancing infrastructure - Clients needing strategic advisory for sustainability - Companies requiring lifecycle optimization services ## Geography AFRY has a strong presence in the Nordics, accounting for 72% of its sales, with additional operations across Europe, Asia, and the Americas. The company operates in over 50 countries, leveraging its global reach to provide localized solutions. Key markets include Sweden, Finland, and Norway, where AFRY's expertise in energy and industrial projects is highly sought after. This geographic diversity allows AFRY to mitigate risks associated with regional economic fluctuations and tap into emerging markets. - **Nordics** (72%) — Main market with significant operations - 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 ## Strategy AFRY's strategic priorities focus on driving profitable growth through a simplified group structure and harmonized operations. The company aims to achieve net sales of SEK 35 billion by 2028, with an EBITA margin of 10%. Key strategic initiatives include expanding its service offerings in energy transition and industrial optimization, and enhancing operational efficiency. AFRY is also committed to sustainability, aligning its business model with global environmental goals to strengthen its competitive position. - **Simplified Group Structure** (short-term) — To enhance operational efficiency and profitability. - **Energy Transition Expansion** (medium-term) — To capitalize on growing demand for sustainable solutions. - **Sustainability Commitment** (long-term) — To align with global environmental goals and enhance market position. - Simplified group structure for operational efficiency - Targeting SEK 35 billion in net sales by 2028 - Expanding energy transition and industrial services - Commitment to sustainability and environmental goals - Enhancing competitive position through strategic initiatives ## Risks AFRY faces several risks, including geopolitical tensions and macroeconomic uncertainties that may delay project decisions and launches. The company is also exposed to strategic risks related to market dynamics and acquisitions, as well as operational risks in project execution and talent retention. Financial risks, such as currency fluctuations and interest rate changes, also pose challenges. AFRY's global operations help mitigate some risks, but regional variations in demand can impact performance. - **Geopolitical Tensions** [high] — They can delay decision processes and project launches. - **Macroeconomic Uncertainties** [medium] — They affect market conditions and demand. - **Currency Fluctuations** [medium] — They impact financial performance due to global operations. - Geopolitical tensions causing project delays - Macroeconomic uncertainties affecting market conditions - Strategic risks from market dynamics and acquisitions - Operational risks in project execution and talent retention - Financial risks from currency and interest rate fluctuations ## Accounting AFRY's financial statements are prepared in accordance with IFRS standards, with key considerations including revenue recognition and the impact of currency fluctuations. The company uses hedge accounting to manage financial risks related to interest rates and foreign exchange. Seasonal variations in project execution can lead to fluctuations in quarterly revenue and profitability. AFRY's restructuring efforts also involve significant accounting judgments related to provisions and impairments. - **Revenue Recognition** - **Currency Fluctuations** - **Hedge Accounting** - Revenue recognition timing affects financial results - Currency fluctuations impact reported numbers - Hedge accounting used for managing financial risks - Seasonal variations cause quarterly revenue fluctuations - Restructuring involves provisions and impairments --- *Last updated: 2026-08-11T04:04:50.751414+00:00*