Multiconsult ASA
OSE:MULTI
Multiconsult ASA
Multiconsult ASA engages in the provision of construction and engineering services. The company is headquartered in Oslo, Oslo and currently employs 3,200 full-time employees. The company went IPO on 2015-05-22. The company offers multidisciplinary consultancy, design, planning, project supervision, management, and verification and control, dedicated to various industry sectors. The firm operates in six business areas: Building and Property, offering advice, planning and building management; Industry, comprising consultancy and project design services; Oil and Gas, providing services for the whole value chain, from phase studies to construction follow up; Transport and Infrastructure, including assessment, planning, design and consulting; Energy, including consulting, project design and project management; and Environment and natural resources, offering environmental consultancy, surveying and reporting. Multiconsult ASA operates as a parent of the Multiconsult Group, comprising around 100 subsidiaries in such countries as Poland, the United Kingdom, Singapore and Russia.
Multiconsult ASA engages in the provision of construction and engineering services. The company is headquartered in Oslo, Oslo and currently employs 3,200 full-time employees. The company went IPO on 2015-05-22. The company offers multidisciplinary consultancy, design, planning, project supervision, management, and verification and control, dedicated to various industry sectors. The firm operates in six business areas: Building and Property, offering advice, planning and building management; Industry, comprising consultancy and project design services; Oil and Gas, providing services for the whole value chain, from phase studies to construction follow up; Transport and Infrastructure, including assessment, planning, design and consulting; Energy, including consulting, project design and project management; and Environment and natural resources, offering environmental consultancy, surveying and reporting. Multiconsult ASA operates as a parent of the Multiconsult Group, comprising around 100 subsidiaries in such countries as Poland, the United Kingdom, Singapore and Russia.
Revenue Growth: Net operating revenue increased by 5.4% in Q4 and 5.1% for the full year, with organic growth of 3.9% for the quarter and 4% for the year.
Margins Under Pressure: EBITA margin dropped to 4.9% in Q4 (from 6.8% last year), and to 7% for the full year (from 9.7%), mainly due to lower billing ratios, higher employee costs, and Sotra Link project-related expenses.
Order Backlog: Order intake was NOK 1.6 billion for the quarter, with an order backlog of NOK 4.2 billion; management addressed a year-on-year decrease by highlighting robust defense-related contracts and stability in activity.
Challenging Architecture Segment: The architecture division posted a loss and faced significant market headwinds, especially in Norway and Sweden, leading to layoffs and cost-cutting initiatives.
Cost Measures & Digital Investments: Significant cost programs are underway, with focus on IT efficiency, office space optimization, and digitalization, including major investments in AI and data-driven tools.
Dividend Proposal: Board proposes NOK 5 per share, with management emphasizing balance between shareholder returns, M&A activity, and maintaining a strong balance sheet.
Outlook: Activity levels expected to remain stable, but continued uncertainty in timing of investments. Defense, energy, and infrastructure are bright spots; property market remains tough.
