Sweco's 2024 Annual and Sustainability Report Highlights Robust Growth and Commitment to Green Transition

Introduction

On March 31, 2025, Sweco (NASDAQ: SWEC-B) released its Annual and Sustainability Report for the year 2024, showcasing a notable growth trajectory fueled by Europe's green transition. The consultancy experienced significant advancements in profitability and market expansion, emerging as a leader in architecture and engineering within the European market.

Financial Performance

Sweco’s financial highlights for the year include net sales that exceeded SEK 30 billion, showcasing an 8% increase over the previous year. Moreover, the EBITA rose impressively by 20%, surpassing SEK 3 billion. This growth is particularly remarkable as it marks the company's first full-year double-digit margin in over a decade, a testament to its strategic focus on sustainability and innovation.

Market Conditions

The green transition played an essential role across all of Sweco's markets, particularly benefiting the energy and industry sectors. Positive trends were noted across various segments, including infrastructure, water, environment, and energy, where demand was robust. Furthermore, areas such as defense, security, healthcare, and data centers also witnessed increased interest. While some segments, particularly within real estate and industry, faced challenges, the overall market conditions have remained favorable.

Leadership Insights

Åsa Bergman, the President and CEO of Sweco, shared her pride in the company's achievements in 2024, stating, "Our experts are instrumental in planning and designing a more competitive and resilient Europe. We excel in guiding our clients through the green transition, while digitalization and AI bolster our efficiency and project value." This perspective highlights Sweco's commitment to evolving with market demands and innovations.

Workforce Growth

Despite a challenging industry atmosphere regarding transaction activity, Sweco managed to recruit 3,500 new employees through strategic recruitment efforts and acquisitions. This indicates the company's attractiveness as an employer, reflected in high employee satisfaction and decreasing turnover rates.

Client Satisfaction

Sweco's client-focused initiatives were affirmed by an annual survey, yielding an impressive average satisfaction score of 8.8 out of 10. This score reinforces their commitment to delivering quality services and maintaining strong relationships with clients across various sectors.

Commitment to Sustainability

Sweco aims to make significant contributions to sustainable societal development. The company's ongoing projects, amounting to over 150,000 for both public and private sectors, are a testament to this commitment. Furthermore, Sweco has set ambitious goals to achieve net-zero emissions by 2040 and to cut its emissions by 50% by 2030, compared to the base year of 2020. These targets received validation from the Science Based Targets initiative (SBTi), underscoring the company's dedication to environmental stewardship.

Conclusion

In summary, Sweco's 2024 Annual and Sustainability Report illustrates a company that is not only thriving financially but also committed to environmental and societal responsibilities. With continued focus on growth, sustainability, and client satisfaction, Sweco solidifies its position as a key player in the future of green transitions in Europe. The path ahead looks promising as the company plans to expand on its successes and continue making impactful contributions toward a sustainable future.

For further insights or details from the report, Sweco has made the complete document available for download on their website.