macro

AFRY: margin and backlog up as organic growth stays negative

AFRY reported third-quarter sales up 1.9% and EBITA margin at 6.8%, while reaffirming its year-end leverage target of 2.5x or below. Source: TradingView.

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what happened

According to TradingView, AFRY's third-quarter sales grew 1.9%, and EBITA margin improved to 6.8%. Adjusted organic growth, however, stayed negative at 1.5%.

The company's backlog reached SEK 22.1 billion. Management reaffirmed that year-end leverage is expected at or below 2.5x.

why it matters

The key signal for investors is the divergence: profitability and orders are improving while organic revenue is still shrinking. This suggests the gains currently rest on efficiency rather than business expansion.

market impact

AFRY: higher margin and backlog support the stock, but negative organic growth limits enthusiasm

tags

instruments

AFRYSEK

sources

  1. AFRY: Margin and backlog improved as organic growth remained negative; year-end leverage target reaffirmed — TradingView, 22 October 2026 at 08:58 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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