Q4 2025 Multiconsult ASA Earnings Call Transcript
Key Points
- Multiconsult ASA (FRA:3MC) reported a stable operational result with 3.9% organic growth for Q4 and 4% for the full year.
- The company has made significant investments in IT and technology, which are expected to provide efficiency gains.
- Order intake for the quarter was NOK 1.6 billion, with a strong order backlog of NOK 4.2 billion.
- The company has a diversified project portfolio across 45 countries, which helps mitigate regional market risks.
- Multiconsult ASA (FRA:3MC) continues to invest in digitalization and AI, enhancing data utilization and project execution efficiency.
- The architectural business faced challenges due to a slowdown in the building and property market, impacting financial performance.
- The Sotra project incurred legal costs and write-downs, affecting the overall financial results.
- There was a decrease in the billing ratio, which remains a challenge across different segments and geographies.
- The order backlog decreased by 12% year-on-year, raising concerns about future project pipelines.
- The company is experiencing competitive pressure in the building and property market, affecting margins and pricing.
Good morning and welcome to this presentation for the fourth quarter and full year 2025 for Multiconsult. My name is Grethe Bergly. I am the CEO and with me today I also have our CFO Ove Haupberg.
Before we go into the details, just a short overview of who Multiconsult is. We are an engineering and architectural firm with over 100 years' history. Our primary operations are in Norway, but we also have a presence in Denmark, Sweden, UK, and Poland. We have projects across 45 countries in Europe, Asia, and Africa.
Our business is divided into three segments Multiconsult Norway, which comprises our engineering business in Norway, architecture, that comprises our 4 architect companies, and International, where you find our engineering subsidiary Multiconsult Polska in Poland, and our Swedish daughter.
In the market, we operate in 4 business areas building and properties, mobility and transportation, energy and industry, and water and environment. Our project portfolio, we have
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