AFRY Infrastructure AB
ABActiveOrg 5561852103Frösundaleden 2 A, 169 75 SolnaEngineering activities and related technical consultancy· NACE 7112Est. 1973 · 52 years old2,777 employees
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Overview
AFRY Infrastructure AB is a Swedish AB based in Solna, operating in the Engineering activities and related technical consultancy sector. Incorporated in 1973, the company has 2,777 employees and reported revenue of SEK 3.8bn in its latest annual filing.
Revenue 2025
3.8B SEK
−8% vs 2024
EBITDA margin
5.1 %
−43% vs 2024
Net profit 2025
-0B SEK
-1826% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
24.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-1.0 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 3.8B SEK | -8% |
| EBITDA | 0.2B SEK | -43% |
| Net profit | -0B SEK | -1826% |
| Total assets | 1.4B SEK | -8% |
| Equity | 0.3B SEK | -4% |
| Employees | 2,777 | — |
Company information
Legal name
AFRY Infrastructure AB
Org number
5561852103
Legal form
Aktiebolag
NACE code
Founded
22 November 1973 · 52 years
Share capital
SEK 1,000,000
Employees
2,777 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas två i förening av ledamöterna Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Verksamhet för bolaget är att bedriva konsulttjänster inom infrastrukturen, både inom kommunikationer och byggnader, såsom järnväg, spårvägar, gatu- och vägnät, flygplatser, hamnar, telekommunikation, el-, värme-, ventilations-, styr-, övervak= nings-, kyl-, värmepumps-, kraft-, transmissions- och distributionsanläggningar, inom akustik- och vibrationsteknologi, inom sanitetstekniska områden, inom tekniska och teknisk-ekonomiska områden inklusive besiktning av elektriska anläggningar, inom data- och dataelektronikområdet och därmed förenlig verksamhet.
(no translation available)
Contact
Address
Frösundaleden 2 A, 169 75 Solna
Phone
+46105050000
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Financial development
In its most recent annual report (2025), AFRY Infrastructure AB reported revenue of SEK 3.8bn, a decrease of 8% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of SEK 14.2m, and the EBITDA margin stood at 5.1%.
At the end of 2025, equity financed 24% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3,815,366 | 4,137,767 | 4,124,550 | 3,823,947 | 3,638,978 |
| Staff expenses | -2,456,942 | -2,436,446 | — | — | — |
| EBITDA | 196,355 | 343,203 | 257,826 | 227,517 | 249,850 |
| Depreciation & amort. | -20,952 | -21,653 | -21,102 | -19,202 | -21,098 |
| EBIT | 175,403 | 321,550 | 236,724 | 208,315 | 228,752 |
| Net financials | -104,990 | -38,386 | -57,121 | 1,389 | -17,732 |
| Profit before tax | 14,993 | 16,380 | 20,714 | 9,257 | -23,214 |
| Tax | -29,199 | -15,557 | -19,360 | -4,823 | -757 |
| Net profit | -14,206 | 823 | 1,354 | 4,434 | -23,971 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,426,154 | 1,541,982 | 1,492,835 | 1,328,344 | 1,448,063 |
| Equity | 342,625 | 356,836 | 356,013 | 354,659 | 400,226 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1,014,758 | 1,060,912 | 1,008,722 | 852,640 | 934,564 |
| Total debt | 1,014,758 | 1,060,912 | 1,008,722 | 852,640 | 934,564 |
Financial ratios
5-year trendEBITDA margin
5.1 %
20212025
Equity ratio
24.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
-4.1 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Net profit margin
-0.4 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
2.68×
Very strongAmong the 10% highest rated companies in the industry
20212025
Debt / equity
3.16×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 40% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginWeak
Among the 30% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 30% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 30% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery weak
Among the 20% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalAverage
Around the average of companies in the same industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery weak
Among the 20% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 30% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
BE Chief Executive Officer | Chief Executive Officer | 2025 |
JE Chief Auditor | Chief Auditor | 2024 |
Former (3)
LJ Chief Auditor | Chief Auditor | 2022 – 2024 |
MV Chief Executive Officer | Chief Executive Officer | 2023 – 2023 |
LM Chief Executive Officer | Chief Executive Officer | 2022 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
CE Board of Directors | Board of Directors | 2026 |
RJ Chairman | Chairman | 2026 |
AE Board of Directors | Board of Directors | 2022 |
Former (6)
MV Chairman | Chairman | 2023 – 2023 |
KM Board of Directors | Board of Directors | 2022 – 2022 |
BE Chairman | Chairman | 2025 – 2026 |
PJ Board of Directors | Board of Directors | 2022 – 2024 |
LM Chairman | Chairman | 2022 – 2025 |
SH Board of Directors | Board of Directors | 2025 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 0001 |
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Company hierarchy
Afry AB100%
AFRY Infrastructure AB (this company)Koncept Arkitektur och Design ÅF AB100% ownedAFRY sandellsandberg AB100% ownedBoard network connections
Board members of AFRY Infrastructure AB also hold positions in 282 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lars Joakim Thilstedt | Chief Auditor | 126 companiesMany roles |
| Johan Emil Telander | Chief Auditor | 107 companiesMany roles |
| Lars Mats Robert Larsson | Chief Executive Officer | 16 companiesMany roles |
| Cecilia Eva Maria Ekdahl Krohn | Board of Directors | 10 companiesMany roles |
| Bo Erik Sandström | Chief Executive Officer | 8 companiesMany roles |
| Malin Victoria Frenning | Chief Executive Officer | 6 companiesMany roles |
| Susan Harriet Gustafsson | Board of Directors | 6 companiesMany roles |
| Per Johan Åkerman | Board of Directors | 2 companies |
| Karin Margareta Mellegård Djärf | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of AFRY Infrastructure AB?
AFRY Infrastructure AB is registered with Bolagsverket / SCB under Org 5561852103.
What is the revenue of AFRY Infrastructure AB?
AFRY Infrastructure AB reported revenue of SEK 3.8bn in 2025.
How many employees does AFRY Infrastructure AB have?
AFRY Infrastructure AB employs 2777 people as of the latest annual report.
Who is the CEO of AFRY Infrastructure AB?
Bo Erik Sandström is the CEO of AFRY Infrastructure AB, in role since 2025.
Who is the chairman of AFRY Infrastructure AB?
Richard John Beard chairs the board of AFRY Infrastructure AB, in role since 2026.
Where is AFRY Infrastructure AB headquartered?
AFRY Infrastructure AB's registered address is Frösundaleden 2 A.