Sweco Q1 Profit Misses Amid Finland Drag

Net sales increased 3.35% to SEK 8.33 billion, falling 2% short of consensus estimates.
EBITA fell 4% to SEK 869 million, margin narrowed to 10.40% from 11.20%, missing forecasts.
Finland EBITA dropped 33.73% to SEK 55 million, margin 5.50% due to project adjustments and SEK 17 million restructuring costs.
Net debt rose to SEK 1.88 billion; operating cash flow turned negative SEK 65 million, while headcount grew to 21,836 employees.