Sweco AB: Initiation of Coverage- Will Operational Cuts & Efficiency Moves Drive a Turnaround? 

Sweco AB, a prominent architecture and engineering consultancy in Europe, reported a strong start to the fiscal year with its Q1 results. The company achieved a growth in net sales exceeding SEK 8 billion, marking a 4% organic growth increase. EBITDA rose by 10%, and the EBITDA margin improved to 11.2%, reflecting enhanced operational efficiency through higher average fees, improved billing ratios, and effective cost control measures. However, while the broader performance was positive, certain markets and segments showed mixed results.