Company Performance: AFRY's financial results like revenue, profit margins, and earnings per share significantly impact investor confidence and stock price.

Industry Trends: Developments in the engineering, design, and consulting sectors, including technological advancements and market growth, can influence AFRY's valuation.

Macroeconomic Factors: Overall economic conditions such as interest rates, inflation, and GDP growth in key markets where AFRY operates can affect its stock price.

Market Sentiment: Investor attitudes and general market optimism or pessimism, often driven by news and events, can create buying or selling pressure on AFRY's shares.

Competition: The competitive landscape and actions of rival firms in the engineering consulting industry can affect AFRY's market share and perceived value.

Major Contracts: Winning or losing large projects or contracts can substantially influence AFRY's revenue projections and stock performance.

Regulatory Environment: Changes in environmental regulations, infrastructure policies, and other relevant government policies can impact AFRY's business and stock price.

Dividend Policy: AFRY's decisions regarding dividend payments can attract or deter investors, thus affecting stock valuation.

Sustainability Initiatives: Increasing focus on ESG factors means AFRY's sustainability performance and initiatives influence investor perception and stock price.