OSLO, Norway, Aug. 21, 2024 /PRNewswire/ -- Multiconsult ASA (OSE: MULTI)Multiconsult delivered a very strong quarter, continuing the positive development with high activity and strong operational efficiency. The EBITA came in at NOK 185.7 million (55.6), equal to an EBITA margin of 13.0 per cent. The performance was influenced by high activity, with a billing ratio of 73.8 per cent, 1.7 percentage points higher than the comparable quarter last year. Net operating revenues grew by 23.5 per cent to NOK 1 424.9 million, the organic revenue growth was 11.4 per cent adjusted for the calendar effect. There was an impact of five more working days compared to the same period last year, with an estimated positive effect of NOK 92.6 million on net operating revenues and EBITA. The order intake was solid at NOK 1 531 million resulting in an order backlog of NOK 4 943 million.
SECOND QUARTER 2024
Successful quarter with strong operational performance and results
Net operating revenues increased by 23.5 per cent to NOK 1 424.9 million (1 153.8)
The organic revenue growth adjusted for the calendar effect was 11.4 per cent
EBITA of NOK 185.7 million (55.6), equal to an EBITA margin of 13.0 per cent (4.8)
Net revenues and EBITA impacted positively by NOK 92.6 million from the calendar effect compared with second quarter 2023
Significantly improved billing ratio of 73.8 per cent (72.1), up 1.7pp
Order intake of NOK 1 531 million (1 572)
Order backlog of NOK 4 943 million (4 943)
Full-time equivalents (FTE) increased by 5.1 per cent, to 3 531 (3 360)
Net profit of NOK 147.9 million (36.0)
Earnings per share NOK 5.36 (1.30)
The overall market outlook remains good and stable
FIRST HALF 2024
Net operating revenues of NOK 2 791.8 million (2 464.0), a y-o-y growth of 13.3 per cent
The organic revenue growth adjusted for the calendar effect was 10.7 per cent
EBITA of NOK 322.4 million (271.9), equal to an EBITA margin of 11.5 per cent (11.0)
Net revenues and EBITA impacted negatively by NOK 21.1 million from the calendar effect compared with first half 2023
Order intake of NOK 3 378 million (4 146)
Net profit of NOK 243.4 million (194.1)
Earnings per share 8.88 (7.07)
Full-time equivalents (FTE) increased by 7.6 per cent, to 3 540 (3 289)
EXTRACT OF COMMENTS FROM CEO, GRETHE BERGLY:
Multiconsult delivered a very strong quarter, continuing the positive development with high activity and good operational performance and efficiency. An all-time high billing ratio of 73.8 per cent registered in the quarter is a testament to a high activity level in the organisation. We continue to deliver strong results and can record a record high first half of 2024. I would like to express my gratitude to all our employees for contributing to the strong results.
Multiconsult's strong performance over time demonstrates that we are succeeding in our strategic priorities to position ourselves to win the right projects and that ...
