University of Dundee Graduates to Showcase Art and Architecture at Prestigious Exhibition

University of Dundee Graduates to Showcase Art and Architecture at Prestigious Exhibition

(IN BRIEF) A dozen graduates from the University of Dundee will participate in the RSA New Contemporaries exhibition in Edinburgh, which opens on March 18. The exhibition features 11 artists and one architect from the university’s Duncan of Jordanstone College of Art & Design and Architecture Degree Show, competing for prizes worth over £20,000. Along with 45 graduates from other art colleges and architecture schools in Scotland, the Dundee graduates will showcase their work at the exhibition. The RSA New Contemporaries exhibition is dedicated to presenting the best contemporary work in Scotland and reflects the Academy’s commitment to supporting emerging artists and architects.

(PRESS RELEASE) STOCKHOLM, 17-Mar-2023 — /EuropaWire/ — At the Capital Markets Day, CEO Jonas Gustavsson together with Group Executive Group Management will present the updated business strategy to improve the EBITA margin and position AFRY as a leader in the sustainability transition. AFRY is reiterating its financial targets and will start reporting order backlog quarterly.  

“In recent years, the strong growth and development of our client offering have transformed the core of AFRY. Today we have an increased international footprint and strong foothold in the green industrial transformation. The focus of our updated business strategy that we present today, is to improve profitability and position AFRY as a leader in the sustainability transition. We see strong demand for our expertise in the market and we are determined to create value to our stakeholders,” said Jonas Gustavsson, President and CEO.

Updated business strategy building on AFRY’s strengths

AFRY has updated the business strategy to improve profitability and position AFRY as a leader in the sustainability transition.

The updated strategy builds on AFRY’s strengths and is based on six pillars.

• Scale globally in decarbonisation, energy and biobased materials
• Strengthen position and profitability in infrastructure
• Grow Nordic industrial and digital portfolio, expand internationally in niches
• Increase client value
• Be the employer of choice
• Drive operational excellence

Financial targets reiterated

The current financial targets are reiterated and will apply over a business cycle.

– Annual growth of 10 percent. The target includes add-on acquisitions.
– An EBITA margin of 10 percent (excluding items affecting comparability)
– Net debt in relation to EBITDA of 2.5

To support the EBITA margin development, we target the Infrastructure Division to reach a 9-11 percent EBITA margin within the next three years.

Introducing quarterly order backlog

To further increase the transparency, AFRY will disclose the order backlog on a quarterly basis. By the end of 2022 the order backlog was strong and amounted to SEK 19.4 billion, supporting further growth.

The presentation material and recorded sessions will be available at afry.com

AFRY is a European leader in engineering, design, and advisory services, with a global reach. We accelerate the transition towards a sustainable society.

We are 19,000 devoted experts in infrastructure, industry, energy and digitalisation, creating sustainable solutions for generations to come.
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Media Contact:

Cathrine Sandegren
EVP & Head of Communications & Brand
Tel: +46 70 292 68 26

SOURCE: AFRY