AFRY shares drop after 'soft' Q2 report

Ncc AB

15/07/2025 08:58

** Shares of AFRY AFRY.ST slide around 4% after the Swedish construction company April-June sales and earnings missed expectations

**  Q2 sales came in at SEK 6,674 million, while analysts polled by LSEG expected SEK 6,964 million

** "AFRY's 2Q25 results were soft," Jefferies says, noting that adj. EBITA came in 7% below consensus

** The group, which is in the process of implementing a new structure, flagged it expects further restructuring costs in the range of SEK 200-300 million over the next 12 months

** The stock will see its worst day since April, if losses hold

** Peer NCC NCCb.ST, which said "demand is good" in its report on Tuesday, are up 0.6%

 (Reporting by Izabela Niemiec)

 ((Izabela.niemiec@thomsonreuters.com))