Norconsult ASA (OSL:NORCO)

Q1 2026 Norconsult ASA Earnings Call Transcript

May 12, 2026 / 07:00 AM GMT

Release Date Price: kr35 (-4.89%)

Transcript

Key Points

Positve

Norconsult ASA (FRA:JL80) reported a 14% increase in net revenue for the first quarter, demonstrating strong financial performance.
The company's order book remained stable at 7.6 billion NOC, with significant projects like the Arna Stangele project providing a solid foundation for future growth.
Norconsult ASA (FRA:JL80) experienced a 9% increase in employee numbers, indicating growth and expansion in its workforce.
The company successfully integrated acquisitions such as the Ose Jacobson Group and Metier, enhancing its project management capabilities and multidisciplinary expertise.
Norconsult ASA (FRA:JL80) achieved a strong performance in the renewable energy sector, with organic growth of 21%, driven by hydropower and transmission projects.

Negative

The company's EBITDA margin was slightly impacted by higher costs, despite improvements in billing rates and ratios.
Norconsult ASA (FRA:JL80) faced challenges in Denmark, with profitability below expectations and requiring workforce adjustments.
The integration of Ose Jacobson Group led to a revenue loss of approximately 6% for the group in the quarter.
There is increased uncertainty related to the international political situation, which may affect the macro environment in the Nordic countries.
The private sector for buildings and architecture showed signs of being subdued, with potential impacts from recent interest rate increases.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NORCO.OL - Norconsult ASA
Q1 2026 Norconsult ASA Earnings Call
May 12, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to today's presentation on our consults first quarter results.

I'm the CEO of the company and I'm joined today by our CFO, Flavi.

After the presentation we will take questions. We will start with questions from our audience here in the auditorium and then with questions from those of you following us by video link.

Norconsult is the largest design and engineering company and one of the leading players in the region. We have approximately 7,200 employees divided by 140 offices.

We have a local strategy but using our entire network in order to help our customers.

We are well diversified with an spread on third buildings and architecture, third infrastructure and one

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