AFRY AB Class B: Buy Rating Backed by Strategic Restructuring and Growth Focus

Jefferies analyst Adela Dashian maintained a Buy rating on AFRY AB Class B (AFXXF – Research Report) today and set a price target of SEK250.00.

Adela Dashian has given her Buy rating due to a combination of factors influencing AFRY AB Class B’s performance. Despite a weaker-than-expected first quarter in 2025, with net sales and EBITA falling short of consensus expectations, the company is actively addressing these challenges. AFRY is focusing on strengthening its presence in high-demand areas such as energy and transport infrastructure, which are expected to drive future growth.
Furthermore, the introduction of a new, streamlined group structure with three global divisions is anticipated to enhance operational efficiency and strategic focus. This restructuring, combined with AFRY’s proactive approach to managing market conditions, underpins Adela’s confidence in the company’s potential for long-term value creation, justifying the Buy rating.

According to TipRanks, Dashian is a 3-star analyst with an average return of 5.8% and a 40.68% success rate.

In another report released on April 11, Kepler Capital also maintained a Buy rating on the stock with a SEK233.00 price target.