STOCKHOLM, Aug. 18, 2021 /PRNewswire/ -- Multiconsult
second quarter EBIT came in at NOK 114.6
million, which gives an EBIT for the first half of 2021 at
NOK 213.1 million. The EBIT margin in
the quarter was 11.6 per cent, and 10.8 per cent in the first half
2021. In the second quarter net operating revenues was NOK 986.8 million up 3.7 per cent y-o-y, while
other operating expenses were down 1.1 per cent to 107.2
million.
The foundation for continued good results in the first half
of 2021 has been solid operational performance. The order intake
has been good with sales of NOK 1 080
million in the second quarter, which gives a stable order backlog
of NOK 3 513 million. The strategic
acquisition of leading engineering consultancy Erichsen &
Horgen is an important milestone and will be an important enabler
for continued growth.
---
Second quarter 2021
Net operating revenues came in at NOK 986.8
million (951.7) an increase of 3.7 per cent compared to the
same period last year. Operating expenses increased by 3.1 per cent
to NOK 824.5 million (799.4).
Employee benefit expenses increased by 3.8 per cent compared to the
same quarter in 2020. Other operating expenses decreased by 1.1 per
cent to NOK 107.2 million (108.4),
partly an effect from the nextLEVEL improvement programme.
EBITDA was NOK 162.3 million
(152.3), an increase of 6.6 per cent compared to the same period
last year, reflecting an EBITDA margin of 16.5 per cent (16.0) in the period.
EBIT was NOK 114.6 million
(102.5), reflecting an EBIT margin of 11.6 per cent (10.8) in the period.
First half 2021
Net operating revenues increased by 1.1 per cent to NOK 1 965.9 million (1 945.3). Operating expenses
increased by 1.9 per cent to NOK 1
656.9 million (NOK 1 625.3 million)
driven by an increase in employee benefit expenses due to regular
salary adjustment for the workforce and lower social security costs
in the first half of 2020. Other operating expenses decreased by
5.2 per cent to NOK 206.9 million, a
reduction of NOK 11.5 million
compared to same period last year.
EBITDA was NOK 309.0 million
(320.0), a decrease of 3.5 per cent compared to the same period
last year.
EBIT was NOK 213.1 million
(219.9), a decrease of 3.1 per cent y-o-y, reflecting an EBIT
margin of 10.8%.
Order backlog at the end of the period remains solid at
NOK 3 513 million.
---
The overall market outlook for Multiconsult's services remains
generally good or stable across all business areas. The potential
opportunities in the pipeline are also at a good level in most
business areas. Significant public sector transport projects are
expected to provide stable business opportunities, and demand from
the industry sector for "green" and sustainable projects is
increasing.
Together with the newly acquired Erichsen & Horgen,
Multiconsult will continue to focus on maintaining its industry
leading competence, and further develop solid customer relations
and leading solutions, as well as excellent project execution. The
order backlog provides Multiconsult with a good foundation to
handle the continued uncertainties facing the economy and our
industry.
For a full review of our report, please refer to our Second
quarter and half year 2021 report.
Presentation
The results will be presented in Norwegian at 08:30 (CET) through a
live webcast. Participants will have the opportunity to submit
questions online throughout the webcast session. An English
presentation will be made at 09:30 (CET), followed by a Q&A
session.
The presentations will be held by CEO Grethe Bergly and CFO Hans-Jørgen Wibstad. Live
webcasts, complete report and presentation will be available on our
website https://www.multiconsult-ir.com.
The Norwegian presentation at 08:30 (CET) can also be accessed
at:
https://channel.royalcast.com/landingpage/hegnarmedia/20210818_4/
The English presentation at 09:30 (CET) can also be accessed
at:
https://channel.royalcast.com/landingpage/hegnarmedia/20210818_5/
A recording of the webcast will be made available on our website
immediately afterwards.
For further information, please contact:
Investor relations:
Hans-Jørgen Wibstad, CFO
Phone: +47 916 89 661
E-mail:
hans-jorgen.wibstad@multiconsult.no
Media:
Gaute
Christensen, VP Communications
Phone: +47 911 70 188
E-mail:
gaute.christensen@multiconsult.no
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/multiconsult/r/multiconsult-asa--ose--multi----solid-half-year-with-good-results,c3397872
The following files are available for download:
https://mb.cision.com/Main/12394/3397872/1455168.pdf
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