Multiconsult ASA Reports Third Quarter Performance
OSLO, Norway - Multiconsult ASA (OSE: MULTI) recently reported its performance for the third quarter. The company showed a stable performance despite facing a competitive market, rising costs, and other industry challenges. Net operating revenues saw an increase of 4.2 percent, reaching NOK 1,196.4 million, with an adjusted organic revenue growth of 6.7 percent. The EBITA adjusted was NOK 62.1 million with a margin of 5.2 percent.
Financial Highlights
For the latest quarter, EBITA stood at NOK 62.1 million, translating to a year-to-date EBITA of NOK 319.9 million. The EBITA margin was calculated at 5.2 percent for this quarter and 7.7 percent year-to-date. It is essential to note that during the same quarter in the previous year, a one-off settlement payment of NOK 31.2 million negatively impacted performance compared to this year.
Current Market Conditions
While the overall activity level across most segments remained high, certain uncertainties in the market have emerged. Delays in starting large framework agreements have created some challenges, resulting in slightly increased margin pressure. The billing ratio was noted at 70.1 percent, dipping by 1.1 percentage points year-over-year. Despite these challenges, order intake reached NOK 1,205 million, leading to an impressive order backlog of NOK 4,316 million.
The Future Ahead
An important highlight from the third quarter includes the signing of the share purchase agreement for acquiring the ViaNova group, with the closing scheduled for mid-November. Company leadership emphasizes that stabilizing the company's performance is crucial, especially with the fluctuating market conditions.
Year-to-Date Performance Overview
Looking at year-to-date statistics for 2025, Multiconsult has reported net operating revenues of NOK 4,135.7 million, noting a year-over-year growth of 5 percent. The EBITA adjusted number for the year stands at NOK 319.9 million, reflecting an EBITA margin of 7.7 percent.
Insights from the CEO
Grethe Bergly, CEO of Multiconsult, reflected on the company's achievements and the path ahead. She stated, "In the third quarter, we delivered strong organic growth, emphasizing that demand for our services remains robust due to new framework agreements and assignments. However, the results reflect a complex situation that needs addressing, especially to enhance the billing ratio, manage costs effectively, and regain momentum. I am determined to guide the company back on its successful path since 2020."
Expert Staff and Strategic Initiatives
Multiconsult's team of highly skilled professionals, exceeding 4,000, remains dedicated to not only meeting but anticipating future demands across various sectors. The company is focusing on sales and project execution to harness opportunities that align with existing high demand.
Upcoming Presentations and Communiqués
The company invites stakeholders to a presentation regarding the third quarter results, held today in Oslo at the Hotel Continental. Specific sessions will be broadcast on the web, providing an opportunity for participants to submit questions during the sessions.
Frequently Asked Questions
What are the latest highlights from Multiconsult's financial performance?
Multiconsult reported a 4.2 percent increase in net operating revenues in the third quarter, amounting to NOK 1,196.4 million with EBITA at NOK 62.1 million.
Are there any expected changes in market conditions?
The company acknowledges increased uncertainties in the market which may affect future performance, especially concerning larger framework agreements.
What strategic measures is Multiconsult taking?
Multiconsult is implementing initiatives to improve its billing ratio, manage costs, and enhance project execution, aiming to regain its competitive edge.
How many employees does Multiconsult currently have?
The company employs over 4,000 skilled professionals, which is crucial for driving its strategic goals and meeting client expectations.
What is the company's outlook for the rest of the year?
While the overall market outlook seems stable, Multiconsult is preparing for potential challenges in achieving desired growth, ensuring it remains proactive in its strategies.
