Historical numbers for 2022 and 2023 recalculated in relation to the new divisional structure
As previously communicated, AFRY X ceased to exist as a division on October 1, 2023 and the existing business units were integrated into the Industrial & Digital Solutions, Infrastructure and Management Consulting divisions. As a consequence, AFRY's reporting structure changed from six to five divisions and below are the restated historical numbers for 2022 and the first three quarters of 2023.
As previously communicated, AFRY X ceased to exist as a division on October 1, 2023 and the existing business units were integrated into the Industrial & Digital Solutions, Infrastructure and Management Consulting divisions. As a consequence, AFRY's reporting structure changed from six to five divisions and below are the restated historical numbers for 2022 and the first three quarters of 2023.
Net sales, SEK million |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Q4 2022 |
FY 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Infrastructure |
2,276 |
2,305 |
1,966 |
2,492 |
9,039 |
2,629 |
2,601 |
2,249 |
Industrial & Digital Solutions |
1,574 |
1,627 |
1,392 |
1,785 |
6,378 |
1,814 |
1,747 |
1,455 |
Process Industries |
1,060 |
1,157 |
1,107 |
1,294 |
4,617 |
1,402 |
1,457 |
1,282 |
Energy |
695 |
771 |
726 |
840 |
3,032 |
867 |
884 |
869 |
Management Consulting |
293 |
333 |
311 |
366 |
1,304 |
372 |
398 |
385 |
Group common/eliminations |
-228 |
-218 |
-203 |
-169 |
-818 |
-167 |
-218 |
-182 |
Group |
5,670 |
5,975 |
5,298 |
6,609 |
23,552 |
6,916 |
6,869 |
6,059 |
EBITA, SEK million |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Q4 2022 |
FY 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Infrastructure |
188 |
174 |
121 |
195 |
679 |
260 |
103 |
65 |
Industrial & Digital Solutions |
143 |
127 |
98 |
152 |
521 |
182 |
101 |
69 |
Process Industries |
123 |
113 |
101 |
148 |
486 |
199 |
168 |
122 |
Energy |
72 |
71 |
58 |
94 |
294 |
91 |
80 |
79 |
Management Consulting |
35 |
44 |
38 |
48 |
164 |
48 |
50 |
42 |
Group common/eliminations |
-89 |
-77 |
-33 |
-59 |
-258 |
-91 |
-80 |
-51 |
Group |
472 |
451 |
384 |
578 |
1,886 |
689 |
421 |
326 |
EBITA-marginal, % |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Q4 2022 |
FY 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Infrastructure |
8.3 |
7.5 |
6.2 |
7.8 |
7.5 |
9.9 |
4.0 |
2.9 |
Industrial & Digital Solutions |
9.1 |
7.8 |
7.1 |
8.5 |
8.2 |
10.1 |
5.8 |
4.7 |
Process Industries |
11.6 |
9.8 |
9.2 |
11.5 |
10.5 |
14.2 |
11.5 |
9.5 |
Energy |
10.3 |
9.2 |
8.0 |
11.2 |
9.7 |
10.5 |
9.0 |
9.1 |
Management Consulting |
11.8 |
13.1 |
12.3 |
13.0 |
12.6 |
12.9 |
12.3 |
10.8 |
Group |
8.3 |
7.6 |
7.3 |
8.8 |
8.0 |
10.0 |
6.1 |
5.4 |
Full-time equivalent (FTE) |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Q4 2022 |
FY 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Infrastructure |
6,475 |
6,483 |
6,460 |
6,620 |
6,509 |
6,767 |
6,923 |
6,867 |
Industrial & Digital Solutions |
3,679 |
3,771 |
3,784 |
3,870 |
3,776 |
3,839 |
3,840 |
3,834 |
Process Industries |
3,870 |
4,072 |
4,202 |
4,314 |
4,116 |
4,394 |
4,383 |
4,334 |
Energy |
1,676 |
1,738 |
1,783 |
1,819 |
1,754 |
1,851 |
1,907 |
1,906 |
Management Consulting |
599 |
641 |
658 |
696 |
649 |
712 |
758 |
774 |
Group common/eliminations |
525 |
563 |
523 |
527 |
535 |
527 |
531 |
537 |
Total |
16,824 |
17,267 |
17,412 |
17,846 |
17,340 |
18,091 |
18,342 |
18,252 |
Orderstock, SEK million |
Q1 2022 |
Q2 2022 |
Q3 2022 |
Q4 2022 |
FY 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Infrastructure |
7,187 |
7,523 |
8,010 |
8,133 |
8,133 |
8,077 |
8,848 |
9,002 |
Industrial & Digital Solutions |
2,697 |
2,692 |
2,705 |
2,750 |
2,750 |
2,730 |
2,732 |
2,691 |
Process Industries |
3,332 |
3,365 |
3,295 |
3,428 |
3,428 |
3,770 |
3,587 |
3,251 |
Energy |
3,874 |
4,068 |
4,424 |
4,798 |
4,798 |
4,882 |
4,947 |
4,985 |
Management Consulting |
342 |
404 |
398 |
331 |
331 |
414 |
476 |
463 |
Total |
17,433 |
18,052 |
18,831 |
19,440 |
19,440 |
19,871 |
20,59 |
20,392 |
Corporate Communication AFRY AB (publ)
For further information, please contact:
Ebba Vassallo, Investor Relations +46 70 471 81 98
AFRY provides engineering, design, digital and advisory services to accelerate the transition towards a sustainable society. We are 19,000 devoted experts in industry, energy and infrastructure sectors, creating impact for generations to come. AFRY has Nordic roots with a global reach, net sales of 24 BSEK and is listed on Nasdaq Stockholm.
Making Future