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SECTOR REVIEW the Consulting Engineering and Architectural Groups Swedish Federation of Consulting Engineers and Architects (STD), Dec 2009 1 December 2009 SECTOR REVIEW The Consulting Engineering and Architectural Groups. A Swedish and International survey. The charts published in this Sector Review relate to figures from Annual Reports for 2008 and 2008/2009. Swedish Federation of Consulting Engineers and Architects IN CO-OPERATION WITH The Danish Association of Consulting Engineers RÅDGIVENDE INGENIØRERS FORENING Association of Consulting Engineers, Norway The Icelandic Association of Consulting Engineers The Finnish Association of Consulting Firms The Association of Finnish Architects’ Offices 2 Swedish Federation of Consulting Engineers and Architects (STD), Dec 2009 Swedish Federation of Consulting Engineers and Architects (STD), Dec 2009 3 Contents 4 FOREWORD 5 SERVICE SECTOR SPEARHEADS RECOVERY 6 SECTOR DEVELOPMENT IN 2008 AND 2009 8 Swedish corporate events 11 Key business ratios for the largest Swedish consulting firms 12 The 50 largest groups in industrial engineering 13 The 50 largest architectural groups 14 Listed consultancies in the West – a comparison 15 Sweden’s 300 largest groups 21 THE NORDIC MARKET 22 The 100 largest architectural groups in the Nordic area 24 FRI – The Danish market 27 Denmark’s 100 largest groups 29 RIF – The Norwegian market 31 Norway’s 100 largest groups 33 FRV & FSSA – The Icelandic market 34 Iceland’s 20 largest groups 35 SKOL – The Finnish market 37 ATL – The Finnish market 39 Finland’s 100 largest groups 41 THE INTERNATIONAL MARKET 42 International development 42 The world’s 10 largest groups 43 Europe’s 50 largest architectural groups 44 Europe’s 300 largest groups Front cover: Nominations for the Community Development Prize 2009 Upper left: Kiruna Pelletizing Plant 4 (Photo: Fredric Alm), Upper middle: ABB, Testing Hall, Ludvika (Photo: ABB), Upper right: Court of Appeal, Malmö (Photo: Torben Åndahl), Centre and below: Winning contribution, Hus Vänern, Karlstad University (Photo: Åke E:son Lindman) For further information on the projects, see www.samhallsbyggardagen.se Back cover: Nominations for the Community Development Prize 2009 Frankfeldt Grafisk form AB From the top down: Kiruna Pelletizing Plant 4, (Photos: Fredric Alm) (2 photos), Court of Appeal, Malmö JNG Ainscough HB, translations (Photo: Torben Åndahl), ABB, Testing Hall, Ludvika (Photo: ABB) Intellecta Infolog, Solna 2009 For further information on the projects, see www.samhallsbyggardagen.se 4 Swedish Federation of Consulting Engineers and Architects (STD), Dec 2009 Foreword The Swedish Federation of Consulting Engineers and Architects (STD) is a sector and employers’ organisation for Swedish architectural firms and engineering consultancies within the construction and industrial sectors. With almost 740 member companies, which together have over 28 000 employees, STD represents almost two thirds of the sector’s resources. STD’s members develop and play a key role in the overall development of society, incorporating the construction of all types of buildings and urban developments, infrastructure, environment and climate systems – which are so important for society, energy and nature, as well as new products and processes for the manufacturing industry, etc. STD’s member compa- nies are involved in new development, innovations, conversion, mainte- nance and rationalisation, and create sustainable value. Project managers, architects, engineering and industrial consultants inves- tigate, plan, design and participate on the Swedish market in the develop- ment of fixed investments and products worth approximately SEK 320 billion per year. As a consequence, the sector influences the development of some 10 % of the country’s GNP. The downswing within the sector over the past year is continuing, even though many companies are now beginning to show a little more optimism for the future. The order situa- tion for all sectors is expected to level off during the winter and perhaps even show a slight upswing towards the middle of 2010. However, we must not forget the poor starting point faced by many of the sectors that are now expected to attract an increasing order volume. This applies in particular to our industrial consultants. It is consequently too early yet to start talking about a recovery. We can also see that individual developments in the financial world may have significant constraints on the recovery rate. The uncertainty lies in how quickly the volume of incoming orders will increase and what will happen to price levels, and at the same time how the cost structure will develop. There is also a certain degree of uncertainty about how the financial crisis – which we have yet to see the end of – will change the ground rules on the market. The outcome could well be a paradigm shift with respect to both the recruitment of new employees and procurement/project forms. The sector must focus on customer benefit and more effective co-operation with market players. Competition, particularly on an inter- national level, is increasing and the rationalisation of all production is a decisive factor. Consulting firms thus have an important role to play in the continued development of both society and industry. Through their knowledge, consultants contribute towards research, development and rationalisation activities. It is time for rationalisation and efficiency improvement to be given as firm a platform as possible now that we are beginning to see a gradual improvement in the economy. Efforts are already being made to create a society that is sustainable in the long term, and in this context STD’s consultants have an important role to play. The Sector Review is distributed to the member companies of the Swedish Federation of Consulting Engineers and Architects as well as to the other companies that take part in the survey. It is also distributed to influential client companies, journals, economic forecasters, corporate analysts, etc. as well as to Swedish embassies and export offices. This English version, the Sector Review, is distributed to other Nordic organisations and to those foreign companies that take part in our survey, as well as to international development banks, de- velopment organisations and administrations within the EU and to international journals. The Sector Review is dependent for its existence on participation from a large number of companies both within and outside Sweden. We should therefore like to especially thank all those contributors who have helped to make this review possible. Bent Johannesson Managing Director of Ramböll Sverige AB Chairman of the Swedish Federation of Consulting Engineers and Architects Swedish Federation of Consulting Engineers and Architects (STD), Dec 2009 5 Service sector spearheads recovery A decrease in global production on the in production capital investments will be ter, from a significantly deeper low point scale of that witnessed this year – over 2 postponed. than in the case of the service producers. per cent – has not been experienced in any The recovery in Sweden and other Almega estimates in its forecasts that in- recession since the 1980s. Previous down- countries is largely a result of extensive dustrial production will fall by 19 per cent turns have instead tended to slow down, financial and monetary policy incentives, between 2008 and 2009, whereas service but have nevertheless shown a growth and the fact that they can continue to production will decrease by a little over rate of just under 2 per cent, see graph function in the economy. Various “exit” 2 per cent. below. Since Sweden’s own growth is strategies have on the other hand been dis- The fact that the service sector is the largely based on the production of export cussed since the summer, and in certain in- first area to emerge from the recession is items, the change in the country’s produc- dividual countries – such as Australia and explainable on the one hand by the incen- tion pattern has to a large extent followed Norway – the central banks have already tive measures that have favoured service the demand and growth in other coun- begun to raise the key interest rate, since companies, but also by the fact that de- tries over the course of time. This year, the economy has begun to recover more mand has been maintained from sectors Almega (employer and trade organisation quickly there than in other countries. other than industry. As regards building for the Swedish service sector) calculates In Sweden, the Riksbank (Sweden’s investments, we anticipate an increase in in its November assessment that Sweden’s central bank) still plans on keeping both public and private construction in- GNP will decrease by some 4.5 per cent the repo rate at its record low level of vestments, with a total of approximately this year, and gradually increase over the 0.25 per cent, at least until October 2010. 10 per cent both this year and in 2010. coming two years by 0.7 and 2.5 per cent Almega views the situation differently, This increase is explained, among other respectively. This means a slow recovery and anticipates that the high pressure on things, by private investments in the en- in the production rate, and is explained costs within the business sector will help ergy sector, above all within wind power by our assumption that it will take longer to increase inflation pressure. In addition, and CHP. A major contribution is also than usual for both exports and invest- households have begun to consume more being made from continued investments in ments to pick up – a pattern that is com- this year, which will make it easier to raise public infrastructure. On the other hand, mon after deep financial crises. prices within the field of commerce. We there has been a significant downturn The most acute period of financial therefore expect the Riksbank to begin in housing construction this year by ap- unrest, lack of confidence in the banking raising the repo rate as early as July next proximately 25 per cent.
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