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SWEC B Sweco AB (publ) News Story

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IndustrialsBalancedLarge CapFalling Star

Sweco tops STOXX600 after Q3 EBITA beat, ongoing efficiency gains

** Shares in Sweco SWECb.ST jump 12.7% to the top of pan-European 600 index .STOXX, after the Swedish consulting services provider posted its Q3 print, with EBITA above market expectations

** The company posted a quarterly EBITA of 702 million Swedish crowns ($74.56 million), ahead of the 644.6 million polled by LSEG

** Jefferies analysts say in a note the EBITA beat was driven by pricing, billing ratio and efficiency gains

** "Demand remained robust in energy, infrastructure, water, environment, and security & defense, while buildings and industry, especially residential and commercial real estate, continued to lag," the broker adds

** Shares of Sweco are on track for a best day in five months

($1 = 9.4155 Swedish crowns)

(Reporting by Jesus Calero)

((jesus.calero@thomsonreuters.com))

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