Sweco shares rise after Q3 sales beat

Sweco AB (publ)

30/10/2024 11:32

** Shares in Swedish consulting company Sweco  SWECb.ST  are
up 11% after Q3 beat on sales of SEK 6,779 million ($635.92
million), that grew +6% year on year 
    ** "The positive performance for the quarter was mainly
driven by higher average fees and an improved billing ratio as a
result of the continued focus on internal efficiency", Sweco CEO
Åsa Bergman wrote in the report
    ** Sweco reported positive organic growth in Sweden, Norway,
Denmark, the Netherlands, Belgium and Germany & Central Europe
and negative in Finland and the UK 
    ** "Demand was robust, particularly in areas related to the
green transition, though the residential and commercial
buildings segments remained weaker", Jefferies analysts says
   


($1 = 10.6601 Swedish crowns)

 (Reporting by Agnieszka Oleńska)
 ((Agnieszka.Olenska@thomsonreuters.com;))