Q2 2025 Multiconsult ASA Earnings Call Transcript
Key Points
- Multiconsult ASA (STU:3MC) reported satisfactory growth in revenue and good sales, maintaining a strong order book.
- The company has a strong position in the energy and industry sector, evidenced by successful projects like a new hydropower plant and involvement in carbon capture.
- Multiconsult ASA (STU:3MC) continues to be recognized as a preferred employer among technical students, aiding in recruiting top talent.
- The acquisition of Villanova is expected to enhance expertise and provide access to more growth opportunities, strengthening the company's market position.
- The company has a solid financial position with a low gearing ratio and increased capacity for further growth through refinancing.
- The EBITDA margin for Q2 2025 was moderate, with a decrease from the previous year, impacted by a negative calendar effect and increased costs.
- There is an intensified trend of costs increasing more than revenue, necessitating measures to mitigate this issue.
- The billing ratio has decreased compared to the previous year, affected by changes in the project portfolio and startup costs in new frame agreements.
- Increased competition, particularly in the building and property sector, is leading to greater margin pressure.
- Employee costs per head have increased, while billable rates have lagged, posing a challenge to ensure wage inflation does not exceed revenue per FTE.
Good morning and welcome to this presentation of the results for Multiconsult for the second quarter 2025 and the half year 2025. My name is Grethe Bergly. I'm the CEO, and with me today is also our CFO, Ove Haupberg, who will take part in this presentation.
Before I start, just a short reminder of who Multiconsult is. We are a Norwegian consulting and architecture firm with a century of history. With our primary operations in Norway, we also have a presence in Denmark, Sweden, Poland, and the UK. And with our projects we have a footprint in 45 countries spanning from Europe, Africa, and Asia.
Our business is divided into four segments Regions Oslo, which is the office and surrounding offices around the capital Oslo, Region Norway, which contain the remainder of the offices outside Oslo, segment architecture that contains our four architecture companies and international that has our Swedish subsidiary Iterio and Multiconsult Polska.
In the market, we operate in four business areas building and properties, mobility and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
