AFRY AB Class B

AFRY AB Class B

10.92
EUR
+1.60
(+17.10%)
0.68EPS
13.98P/E
1.07BMarket Cap
Feb 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
95.19
101.48
113.15
126.45
145.02
180.56
194.59
168.74
177.55
207.97
238.21
239.82
227.44
230.96
Basic EPS, GAAP
5.97
6.37
6.95
8.29
8.52
10.98
8.07
8.29
9.97
8.6
9.71
10.85
7.06
7.48
Free Cash Flow per Basic Share
4.13
5.75
5.21
5.97
6.07
9.68
17.6
17.09
12.22
7.87
14.29
16.43
18.77
21.56
Dividend per Share
2.48
2.93
3.14
3.34
4.01
5
5.51
- -
5
5.5
5.5
5.5
6
12.01
Book Value per Share
42.14
45.55
48.48
53.58
57.24
62.69
84.03
88.52
97.09
107.51
109.97
115.92
111.94
112.57
Tangible Book Value per Share
-5.55
-3.73
-6.8
-14.64
-18.08
-19.75
-35.78
-24.41
-26.97
-30.15
-29.19
-24.71
-23.73
-30.68
Basic Weighted Avg Shares
88
87
87
88
87
77
102
113
113
113
113
113
113
113
Sales/Revenue/Turnover
8,337
8,805
9,851
11,070
12,658
13,975
19,792
18,991
20,104
23,552
26,978
27,160
25,758
26,157
Operating Margin (%)
6.96
8.42
8.01
8.95
7.84
8.6
5.83
7.06
7.4
6.39
6.55
7.05
5.44
5.94
Depreciation Expense
75
85
92
102
128
138
868
847
856
861
958
914
836
814
Net Income, GAAP
523
553
605
726
744
850
821
933
1,129
974
1,100
1,229
800
847
Effective Tax Rate (%)
22.41
23.15
23.78
22.97
22.47
22.94
21.08
22.07
18.95
20.16
23.66
24.53
24.22
24.85
Profit Margin (%)
6.27
6.28
6.14
6.56
5.88
6.08
4.15
4.91
5.62
4.14
4.08
4.53
3.11
3.24
Working Capital
345
338
534
1,115
241
750
735
393
1,151
757
967
1,889
337
248
LT Debt
608
611
1,239
2,197
1,559
2,865
6,961
5,360
6,170
5,997
6,059
6,096
4,452
5,277
Total Equity
3,674
3,955
4,229
4,696
4,989
5,465
9,368
10,006
10,993
12,178
12,455
13,151
12,678
12,750
Return on Invested Capital (%)
11.77
11.85
11.69
11.28
10.62
10.96
7.64
6.29
6.87
5.88
6.66
7.12
5.22
5.3
Return on Capital (%)
11.75
12.01
11.53
11.82
10.69
10.81
7.32
6.23
6.93
5.8
6.87
7.38
5.13
6.79
Return on Common Equity (%)
14.79
14.53
14.8
16.31
15.42
16.31
11.08
9.63
10.75
8.41
8.93
9.61
6.2
6.61

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,153
1,919
2,019
LT Borrowings
3,572
4,741
4,382
LT Finance Leases
880
804
895
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
113
113
113
Market Capitalization
16,673
14,486
11,842

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,639
10,644
9,900
Cash, Cash Equivalents & STI
1,378
2,129
1,196
Accounts Receivable, Net
4,743
4,058
4,283
Inventories
- -
- -
- -
Total Current Liabilities
9,302
8,875
9,652
Payables & Accruals
- -
- -
- -
ST Debt
2,153
1,919
2,019
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13%
4.98%
-3.6%
Free Cash Flow
25.15%
9.44%
14.24%
Net Income, GAAP
4.4%
-0.59%
-34.91%
Sales/Revenue/Turnover
10.78%
6.61%
-5.16%
Total Cash Common Dividend
- -
- -
9.15%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,891
7,191
5,993
7,085
27,160
2025
6,749
6,674
- -
6,647
25,758
2026
6,325
6,511
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.13
3.33
1.32
3.07
10.85
2025
2.21
1.7
- -
1.94
7.06
2026
2.12
1.71
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
5.5
- -
- -
5.5
2025
- -
6
- -
- -
6
2026
- -
6
- -
- -
- -

Company Description

CEO
Linda Palsson
Full Time Employees
17,898
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
FrOesundaleden 2A Solna AB Sweden 169 75
IPO Date
Jan 1, 1986
Website
afry.com
Business
Afry AB (AFRY.ST) provides engineering, design, and advisory services across infrastructure, industry, and energy sectors worldwide; its core offerings encompass architecture and design; automation and manufacturing solutions; automotive and mobility services; building solutions for airports, hospitals, offices, and industrial facilities; defense technology systems; digital solutions and IT services; energy and power engineering; sustainable and environmental solutions; food, life science, and pharmaceutical services; management consulting; mining, metals, pulp and paper, and chemical processing; product development; project management; transport infrastructure; and water management consulting and software products. Founded in 1895 and headquartered in Stockholm, Sweden, the Swedish-Finnish company operates in the Nordics, North America, South America, Asia, Europe, and other international markets through divisions including Energy, Industry, Transportation & Places, Industrial & Digital Solutions, Process Industries, and Management Consulting, serving public and private clients with approximately 19,000 employees. Recent developments include the announcement of a new strategy "Unlocking AFRY" with 2028 financial targets in November 2025; a strengthened collaboration agreement with Omega 365 for software implementation across Europe in November 2025; a new framework agreement with Vattenfall for technical consultancy in nuclear, hydropower, and wind power; the publication of restated comparative figures following a new Group structure effective July 1, 2025; an agreement to acquire Reta Engenharia, a Brazilian project and construction management firm focused on mining and metals, expected to close in Q3 2025; and completion of 2024 acquisitions including SOM System Kft., TTSA Mérnökiroda, and Carelin Oy.

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