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Multiconsult är ett konsultbolag. Bolaget tillhandahåller specialistkompetens inom projektstyrning och erbjuder mervärdeslösningar för bygg- och fastighetsbranschen, för aktörer inom industri- och energisektorn, samt logistik. Olika tjänster som bolaget erbjuder innefattar rådgivning som inom diverse förvaltningsfrågor, analys och inspektion, samt övriga ingenjörstjänster. Verksamhet innehas idag på global nivå. Bolaget bildades 1908 och har sitt huvudkontor i Oslo.


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2020-05-20 07:00:31
Oslo, 20 May 2020 - Multiconsult first quarter EBIT came in at NOK 117.5
million, reflecting an EBIT margin of 11.8%. In the first quarter, net operating
revenues were up 5.2% y-o-y to NOK 993.6 million. The nextLEVEL improvement
program is on-track, partly reflected in a reduction in other operating expenses
of 12.3% y-o-y to NOK 110.0 million. The order intake was solid at NOK 1 306
million giving a record high order backlog of NOK 3 099 million.

"Multiconsult delivered a solid Q1 with revenue growth and significant improved
profitability compared with 2019. The improvement comes on the back of solid
customer deliveries, and is also caused by significantly reduced operating
expenses resulting from the nextLEVEL improvement program. We are well underway,
but I believe there is potential for further improvement. At the same time we
are delivering solid sales resulting in an all-time high order backlog at the
end of the quarter. This is very important going into a period of more
uncertainly caused by the Covid-19 situation. I would like to thank all of our
dedicated Multiconsult employees for their relentless efforts and dedication in
achieving these improvements" - says Grethe Bergly, CEO in Multiconsult.

Net operating revenues increased by 5.2% to NOK 993.6 million (NOK 944.2
million) compared to the same quarter last year. The increase in net operating
revenues is exclusively organic. Higher activity and higher average group
billing rates compared to the same period in 2019 contribute positively to the
growth in net operating revenues. There was a calendar effect of one more
working day with an impact of NOK 13.4 million.

Reported operating expenses increased by 2.5% to NOK 825.9 million (NOK 805.9
million). Other operating expenses decreased by 12.3%, suggesting that the
nextLEVEL improvement program is on track.

EBIT was NOK 117.5 million (NOK 92.5 million), an increase of 27.0% y-o-y,
reflecting an EBIT margin of 11.8%.

The order backlog at the end of the first quarter 2020 increased to NOK 3 099
million (NOK 2 865 million) and is at an all-time-high level. Order intake
during the first quarter increased by 11.4% compared to the first quarter in

The Covid-19 situation has resulted in considerably increased uncertainty and
will impact our business.  While we so far have seen a relatively modest
negative impact of the Covid-19 situation, it is currently not possible to
predict the consequences for the industry and for Multiconsult going forward. A
softening of the market can be expected in parts of our business as a direct
consequence of the Covid-19 situation. The company is taking prudent,
responsible and necessary actions, to secure our people, our business, and, in
close cooperation with our customers, our deliveries so that our clients are
affected to the minimum extent possible.

With a solid market position, leading competences, technology and solutions for
our customers, Multiconsult believes it is well placed to handle the challenges
of the current uncertainties facing the economy and our industry.

A presentation of first quarter 2020 results will be held today, Wednesday 20
May. In light of the Covid-19 outbreak and the accompanying disease prevention
measures taken into effect by the Norwegian authorities the presentation will
only be held as webcast.

A webcast in Norwegian will be held at 08:30 CET, followed by an audio cast at
09:30 CET in English. The presentations will be held by CEO Grethe Bergly and
CFO Hans-Jørgen Wibstad.

The live webcast from the Norwegian presentation can be accessed at
www.multiconsult-ir.com and at

The live audio cast from the English presentation can be accessed at
https://channel.royalcast.com/webcast/hegnarmedia/20200520_5/ or by conference

Questions to the management can be made directly on the conference call after
the presentations or by in writing on the live Webcast.

Participant Access Information for the conference calls:
Please join the selected event conference 5-10 minutes prior to the start time.
You will be asked to provide the confirmation code or the title of your

    Event Conference Title: Multiconsult Q1 2020
    Confirmation Code: 569168

    Location             Purpose            Phone Number
    Norway              Participant        +47 21956342
    United Kingdom    Participant        +44 (0)203 7696819
    United States      Participant        +1 646-787-0157
    Sweeden            Participant        +46-8-1241-0952
    International       Participant        +44 203 7696819

For further information, please contact:

 Investor relations:
     Hans-Jørgen Wibstad, CFO
     Phone: +47 916 89 661
     E-mail: hans-jorgen.wibstad@multiconsult.no

     Gaute Christensen, VP Communications
     Phone: +47 911 70 188
     E-mail: gaute.christensen@multiconsult.no

Multiconsult is a leading Norwegian multidisciplinary engineering consulting
company, with approx. 3 000 employees and 45 offices in Norway and abroad. The
Company focuses on seven market areas: Buildings & Properties, Transport &
Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and
Architecture. The Company has an operating history that spans more than a
century, with the inception of Norsk Vandbygningskontor in 1908. In 2015
Multiconsult completed more than 9 000 projects for approx. 4 000 different

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.