Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org

Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org
It has been five years since Sweco made its last significant acquisition. In 2015, the company took over Grontmij, which brought 6,000 employees and revenues of EUR 659m.
Sweco had a relatively mild financial performance in Q2 2021 with a 2% yoy growth at cc/cs to SEK 5,643m (USD 649m). The company did not benefit from favorable comps (Q2 2020: +2% yoy at cc/cs). Sweco suffered from its lower utilization rate and headcount
Sweco Was Profitable in Q4 despite the Write-Down Swedish infrastructure engineering Sweco remained profitable despite a
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@erdservices.org.
The more we get to know Sweco, the more we think it is similar to Alten. Sweco impressed in Q3 2020 by limiting its revenue decline by 2% yoy at cc/cs, to SEK 4,547m (~USD 526m).
Sweco’s latest acquisition raises many questions. The company acquired a Norwegian architect firm, TAG Arkitekter (TAG).
Sweco had already demonstrated its resilience in Q1, with a +4% organic growth. In Q2, despite COVID-19, the company remained in positive territory (+2%). The performance is a surprise, as Sweco is very sensitive to the number of working days.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.
Become a ERD Services premium reader to access all of your content, by contacting us at dominique@ERDservices.org.