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AFRY

Engineering, design, and advisory for sustainability.

Overview

AFRY provides engineering, design, and advisory services across infrastructure, energy, and industry to advance sustainable development. It assembles multidisciplinary teams to offer end-to-end support, including planning, design, engineering, feasibility studies, and long-term advisory and implementation. It differentiates itself with a global footprint and an integrated, full-lifecycle offering that covers from concept to operation, demonstrated by large-scale projects like floating solar PV. Its goal is to accelerate the transition to a sustainable society through value-driven, long-term partnerships with clients.

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About AFRY

Simplify's Rating
Why AFRY is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

ConsultingIndustrial & ManufacturingEnergyDesign

Company Size

10,001+

Company Stage

IPO

Headquarters

Solna kommun, Sweden

Founded

1895

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What believers are saying

  • AFRY's order backlog reached SEK 22.1 billion in Q3 2026, up 8.3 percent.
  • Q3 2026 EBITA margin improved to 6.8 percent, with utilization rising to 72.9 percent.
  • Uniper awarded AFRY FEED for NorthStarH2, targeting 2031 e-methanol commissioning.

What critics are saying

  • Organic growth stayed negative at minus 1.5 percent in Q3 2026.
  • AFRY cut employees from 17,990 to 17,301 by June 2026, signaling ongoing restructuring.
  • Another failed restructuring would trigger deeper cuts and force a breakup of underperforming divisions.

What makes AFRY unique

  • AFRY spans energy, transportation, and industry, letting clients bundle complex multidisciplinary delivery.
  • Swissgrid hired AFRY in October 2026 for substations, microtunnels, and BIM-led grid renewal.
  • TactoTek chose AFRY in September 2026 to commercialize IMSE across automotive programs.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Unlimited Paid Time Off
  • Flexible Work Hours
  • Remote Work Options
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

4%

2 year growth

4%
Creamer Media
Nov 9th, 2026
Creamer Media's Research Channel Africa

Creamer Media's Research Channel Africa Intelligence on industry and mining | Back Email | 09 Nov 2026 Meridian appoints EPCM firm for Cabaçal, mulls funding offers By: Marleny Arnoldi Online News Editor COPPER & GOLD London and Toronto-listed Meridian Mining has tasked international engineering firm AFRY to undertake engineering, procurement and construction management (EPCM) on Brazil's next copper/gold mine, Cabaçal. The contract marks another step toward a final investment decision on the project, with Meridian also advancing the selection of project finance partners. This content is only available to subscribers. Username Password Forgot your password? Click here Don't have any login details? Free Trial Access | / |

Yahoo Finance
Oct 23rd, 2026
Afry Q3 net income jumps 49% to $18.8M as EBITA margin improves to 6.8%

Afry reported third-quarter 2026 net income of SEK 204m, up about 48.9% from SEK 137m a year earlier. Basic earnings per share rose to SEK 1.80 from SEK 1.21. Revenue grew about 1.9% to SEK 5,793m from SEK 5,687m. The EBITA margin improved to 6.8% from 6.4%, helped by better utilisation and a firmer order backlog, which reached SEK 22.1b. Utilisation hit 72.9%, close to the company's 74% target for 2028. Adjusted organic sales still fell 1.5%, so revenue growth remains a concern. The shares stood at SEK 120.9 ahead of the report. Investors now watch whether the margin recovery can last after several years of pressured earnings.

MarketScreener
Oct 16th, 2026
Chief architect leaves Afry to start own architecture firm - Di.

Chief architect leaves Afry to start own architecture firm - Di. Published on 10/16/2026 at 12:36 am EDT Finwire - Translated by Marketscreener - See original Architect Thomas Sandell is leaving his role as chief architect at engineering consultancy Afry to launch Studio Sandell together with three other architects, business daily Dagens industri, Di, reports. Sandell has worked at Afry since 2016, when the company acquired his architecture firm Sandell Sandberg. He will continue to be engaged as a consultant on certain projects. The departure follows several executive departures after Afry's reorganization in April 2025, the business daily writes. (C) Finwire - 2026

AFRY
Oct 14th, 2026
AFRY awarded engineering assignment for Swissgrid transmission project in Switzerland.

AFRY awarded engineering assignment for Swissgrid transmission project in Switzerland. Wed, 14/10/2026 - 07:50 CEST AFRY has been selected by Swissgrid to provide multidisciplinary engineering services for three substations and associated infrastructure in the Innertkirchen-Ulrichen transmission project. The project will strengthen Switzerland's high-voltage network, support future electricity transmission needs and help transport increasing volumes of renewable electricity from southern Switzerland to other parts of the country. The 27-kilometre transmission line between Innertkirchen and Ulrichen, which is more than 60 years old, will be renewed and prepared for a future upgrade from 220 kV to 380 kV. The upgrade will increase transmission capacity, support future electricity demand and help ensure the reliable transmission of increasing electricity generation from southern Switzerland to other parts of the country. Approximately 23 kilometres of the route between Innertkirchen and Oberwald will be constructed as underground cable connections. AFRY will provide engineering services for three substations along the transmission corridor between Innertkirchen and Ulrichen. This scope includes the planning of the new Oberwald substation as well as extensions to the existing Innertkirchen and Handeck substations. In addition, AFRY is providing engineering services for civil works, building infrastructure and a microtunnel associated with the cable transition structure connecting to the Oberwald substation. The project will be delivered using Building Information Modelling (BIM), supporting Swissgrid's ambition to establish BIM as a standard methodology for grid projects by 2027. "We are proud to support Swissgrid in this strategically important infrastructure project. Modern and reliable transmission networks are critical to meeting future electricity demand and integrating more renewable energy. Through this assignment, AFRY is helping to strengthen the foundation of Switzerland's future energy system," said Fredrik Persson, VP and Head of Segment Transmission and Distribution at AFRY. AFRY has worked with Swissgrid since its foundation in 2006 and has successfully delivered numerous substation and transmission line projects across Switzerland. The multidisciplinary nature of the Innertkirchen-Ulrichen project builds on AFRY's extensive experience in transmission infrastructure and complex grid development projects. AFRY provides engineering, project management, and advisory services that enable the energy and industrial transition and strengthen resilience in society. With 18,000 experts worldwide, Afry Ab combine a global reach with local insights and deep sector knowledge to make a lasting impact for generations to come. Making future Niels Hornig, Director & Head of Transmission & Distribution in Switzerland and Germany, AFRY +49 1523 4640251 [email protected] Josephine Sirander, Communications Manager, Global Energy Division, AFRY +46 73 034 47 62 [email protected] Related images.

AFRY
Sep 29th, 2026
AFRY Management Consulting again recognized among the World's Best Management Consulting Firms by Forbes.

AFRY Management Consulting again recognized among the World's Best Management Consulting Firms by Forbes. 29/09/2026 AFRY Management Consulting has once again been recognized in Forbes' annual list of the World's Best Management Consulting Firms, underlining its position as a globally leading sector-focused advisor in Market Advisory, Strategic Advisory, Transaction Advisory and Operational Advisory. The list, produced by Forbes in partnership with market research company Statista, is based on a worldwide survey of executives and consulting professionals. The recognition reflects AFRY Management Consulting's role in the sectors undergoing the most significant transformation. It advises businesses, investors and policymakers across the energy, industry and infrastructure transition, along value chains and asset life cycles, backed by AFRY's Engineering and Technical Advisory depth. Afry Ab is very proud to be recognized again by Forbes. It reflects the trust its clients place in Afry Ab with their most consequential mandates. Energy, industry and infrastructure are being transformed at the same time. Its role is to guide leaders from market signal to tangible outcome, and its ambition is to shape the sustainable transformations of its time. This recognition belongs to its entire Management Consulting team and to the colleagues across AFRY with whom Afry Ab work closely, combining its strengths to create unique value for its clients. * Roland Lorenz, SVP and Head of AFRY Management Consulting The Forbes World's Best Management Consulting Firms list is produced in partnership with Statista and recognizes consulting firms across a range of industries and functional consulting areas. See the full Forbes list. Explore the World's Best Management Consulting Firms 2026, published by Forbes in partnership with Statista. Contact. Roland Lorenz. SVP and Head of AFRY Management Consulting

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