Multiconsult : 2023 | Q2 Report (print) -Today at 01:18 am

The segments Area Norway and Area Oslo maintained a excessive exercise stage and the Polish enterprise has a constructive growth. Monetary efficiency in LINK Arkitektur was on the identical stage as final yr however stays difficult and the advance programme continues.

We’re happy to report that the demand for our companies stays sturdy, resulting in the continuous strengthening of our order guide. Order consumption within the quarter elevated to NOK 1 572 million, a rise of 28.5 per cent in comparison with the identical quarter final yr. The order backlog now stands at NOK 4 943 million, a rise of 6.2 per cent from the primary quarter and 40.4 per cent in comparison with the tip of second quarter final yr.

By way of the acquisition of 70 per cent of A-lab, we strengthen our place in structure and concrete growth as a device in social growth. Interdisciplinary collaboration between the perfect experience environments is vital when fixing the challenges dealing with society.

The contract for the highway undertaking E10 Hålogalandsvegen was signed throughout the quarter, and we’re proud to be a part of the biggest infrastructure undertaking in Northern Norway, a undertaking that reduces accidents, supplies safer and higher entry, and ties the area collectively. The undertaking will guarantee regional growth and supply higher situations for enterprise. We affirm our sturdy place inside hospital with two new hospital tasks, one in Sweden and one in Denmark. We’re a part of the crew to develop new constructing for psychiatry,

habilitation, superior nursing care within the house and palliative care inside the Malmö Södra Hospital space. LINK Arkitektur Denmark will develop a brand new psychiatric hospital in Viborg, a undertaking with excessive ambitions to design probably the most optimum bodily framework for the remedy of psychological issues. In Poland we have now been awarded one giant railway contract and one giant highway contract.

Multiconsult is actively engaged in varied vitality transition and effectivity tasks, and concerned in analysis and growth tasks to be a part of the forefront of data and allow us to supply progressive future-oriented options in our tasks.

The affirmation of Multiconsult as a most well-liked employer places us in a robust place to draw and retain the precise skills, and we improve the variety of workers by 10.3 per cent. The brand new hires alongside our gifted, devoted workers kind a robust basis for fixing the challenges dealing with us. The demand for Multiconsult’s companies stay sturdy and we’re effectively positioned to fulfill the challenges forward in scaling up on the options relating to local weather adaption, vitality effectivity and renewable vitality. As extra precedence and a spotlight is given to social sustainability, our function in giant transformation tasks for hospitals, faculties and housing is strengthened and we have now a stable portfolio inside these areas.

Grethe Bergly

CEO of Multiconsult ASA

• Good quarter with sturdy natural development, sturdy operational efficiency and ends in most segments
• Web working revenues elevated to NOK
  1 153.8 million (1 048.5), a y-o-y development of 10.0 per cent. The natural income development for the quarter was 10.9 per cent
• EBITA of NOK 55.6 million (74.7) down NOK 19.1 million y-o-y, affected by one much less working day. EBITA margin equal to 4.8 per cent (7.1)
• Different working bills of NOK 150.3 million (132.7)
  • Different opex ratio (ex. IFRS 16) of 17.2 per cent (16.9)
• Robust order consumption of NOK 1 572 million (1 224)
• All-timeexcessive order backlog of NOK 4 943 million (3 521)

• Billing ratio of 72.1 per cent (71.9), up 0.2pp
• Full-timeequivalents (FTE) elevated by 8.0 per cent, to three 360 (3 112)
• Strategic acquisition of A-lab, a number one Norwegian structure agency – introduced in June
• Robust place as a most well-liked employer confirmed in 2023 Universum survey
• Market outlook continues to be thought-about good – uncertainty elevated in comparison with earlier quarter
• Throughout the quarter a political determination was made to droop work on the brand new emergency hospital in Växjö, Sweden

• Web working revenues of NOK 2 464.0 million (2 186.6), a y-o-y development of 12.7 per cent. The natural income development for the interval was 11.6 per cent
• Robust EBITA of NOK 271.9 million (243.9), equal to an EBITA margin of 11.0 per cent (11.2)
• Order consumption at a excessive stage of NOK 4 146 million (2 691)
• Order backlog at a excessive stage of NOK 4 943 million (3 521)

• Different working bills of NOK 290.5 million (259.3)
  • Different opex ratio (ex. IFRS 16) of 15.7 per cent (16.0)
• Web revenue of NOK 194.1 million (179.4)
• Earnings per share 7.07 (6.55)
• Full-timeequivalents (FTE) elevated by 6.2 per cent, to three 289 (3 098)

Multiconsult group (“Multiconsult” or “the group”) includes Multiconsult ASA (“dad or mum firm” or “firm”) and all subsidiaries and related firms. Comparable textual content, and figures in brackets mirror the identical interval prior yr or related stability sheet date in 2022.

Group outcomes

Second quarter 2023 Multiconsult group

Web working revenues got here in at NOK 1 153.8 million

(1 048.5), a rise of 10.0 per cent in comparison with the identical quarter final yr. The natural income development amounted to

10.9 per cent adjusted for calendar impact and acquisition. The rise in internet working revenues was primarily pushed by larger capability, mirrored by a rise in full-time equivalents (FTE) by 8.0 per cent. The vast majority of the rise in full- time equivalents (FTE) was natural development. Moreover, larger billing charges and an elevated billing ratio made constructive contributions to the expansion in internet working revenues.

Working bills include worker profit bills and different working bills. Working bills elevated by 13.1 per cent to NOK 1 044.5 million (923.5) in contrast

to the identical quarter in 2022. Worker profit bills elevated by 13.1 per cent as a consequence of extraordinary wage adjustment, internet recruitment, and better value from the elevated employer contribution tax of 5 per cent (for salaries/compensation above NOK 750 thousand) in Norway. Different working bills elevated to NOK 150.3 million (132.7), a rise of 13.2 per cent partly as a consequence of larger workplace expenditure and basic value improve associated to inflation.

EBITDA was NOK 109.3 million (125.0), a lower of 12.6 per cent in comparison with the identical interval final yr, reflecting an EBITDA margin of 9.5 per cent (11.9) within the quarter.

EBITA was NOK 55.6 million (74.7), reflecting an EBITA margin of 4.8 per cent (7.1) within the quarter.

Web monetary gadgets have been an expense of NOK 11.3 million (5.5). The rise was associated to a internet foreign money loss and better rates of interest and a rise in different monetary gadgets in comparison with second quarter 2022.

Group tax charge was 23.1 per cent (22.0).

Reported revenue for the interval was NOK 36.0 million (57.8). Earnings per share for the quarter have been NOK 1.30 (2.11).

Calendar impact. Within the second quarter of 2023 there was one much less working day in comparison with the second quarter 2022. This had an estimated unfavorable influence of NOK 22.5 million on internet working revenues and on working outcomes for the group when evaluating the figures.

First half 2023 Multiconsult group

Web working revenues elevated by 12.7 per cent to NOK 2464.0 million (2 186.6), when in comparison with the identical interval final yr. The billing charges continued to enhance and contributed positively on internet working revenues. Billing ratio got here in at 71.5 per cent, down 0.1pp. Natural development within the interval was 11.6 per cent, adjusted for calendar impact and acquisition.

Working bills include worker profit bills and different working bills. Reported working bills elevated by 13.1 per cent to NOK 2 083.5 million (1 841.5) in comparison with the primary half yr of 2022. Worker profit bills elevated by 13.3 per cent and got here in at NOK

1 793.0 million (1 582.2), a rise primarily pushed by internet