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Sweco
Sweco (SWEC) investor relations material
Sweco Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary11 Feb, 2026
Executive summary
Net sales for 2025 exceeded SEK 31.5 billion, with organic growth of 4% and acquired growth of 2%, and EBITA increased 12% year-over-year to SEK 3,332 million, with a margin of 10.5%.
13 acquisitions in 2025 contributed over SEK 2 billion in annual net sales and added more than 1,500 experts.
The Board proposed a dividend of SEK 3.70 per share, up from SEK 3.30, with a payout ratio of 60%.
Profit for the period reached SEK 2,226 million, with EPS of SEK 6.18 for the year.
Financial highlights
Q4 net sales rose 6% year-over-year to SEK 8,548 million, with 5% organic growth and 4% acquired growth, offset by -4% FX impact.
Q4 EBITA was SEK 979 million, up 7% year-over-year, with a margin of 11.5%.
Full-year EBITDA/EBITA reached SEK 3.3 billion, with a margin of 10.5%.
Cash flow from operating activities for 2025 was SEK 4,011 million; net debt/EBITDA at 0.4, unchanged from last year.
Outlook and guidance
Entering 2026 with a strong financial and market position, focused on efficiency, pricing, and active M&A, despite high market uncertainty from geopolitical and economic factors.
Long-term trends in sustainability, resilience, and digitalisation are expected to drive demand.
Calendar effect for 2026: 7 more working hours expected versus 2025, but Q1 2026 will have 5 fewer hours than Q1 2025.
Quantify M&A's net EBITA impact for 2025
Identify key market segments with weak demand
What was the Q4 EBITA impact of Germany's ERP fix?
M&A synergy realization timeline
Germany/CE: sustainable margin outlook?
AI's impact on Sweco's service pricing?
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Next Sweco earnings date
Q1 202628 Apr, 2026
Sweco
Next Sweco earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Sweco AB provides consulting services in engineering, environmental technology, and architecture fields worldwide. Sweco offers integrated planning and design solutions; architecture design and building services with cross-functional teams; construction management services; buildings operation and maintenance services; project development and delivery; operations management, strategy implementation, and business process optimization; infrastructure assurance and monitoring; technical support for new ventures, acquisitions, divestitures and projects.
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