AFRY AB Class B ( (AFXXF) ) has released its Q4 earnings. Here is a breakdown of the information AFRY AB Class B presented to its investors.
AFRY AB Class B is a global engineering, design, and advisory services provider with a focus on accelerating the transition towards a sustainable society, operating primarily in the energy, industry, and infrastructure sectors. The latest earnings report for AFRY AB Class B indicates stable financial performance for the fourth quarter of 2024, with a slight decrease in net sales by 0.7% to SEK 7,085 million, but a strong cash flow strengthening its financial position. The company reported an EBITA of SEK 586 million and a margin of 8.3%, reflecting efficiency improvements despite market challenges, particularly in Process Industries. Notably, AFRY’s energy sector continues to see strong demand, with projects contributing to a solid order backlog of SEK 20.1 billion. Looking forward, AFRY’s management remains optimistic, focusing on leveraging its strategic position in the green transition to drive profitable growth and enhance shareholder value.