Q3 2024 Multiconsult ASA Earnings Call Transcript
Key Points
- Multiconsult ASA (FRA:3MC) reported a strong operational performance with a billing ratio of 71.2%, supported by high organic growth.
- The company achieved a significant increase in net operating revenue, up 17.5% from the previous year.
- EBITA increased by 252.3% to NOK 102.9 million, reflecting improved profitability.
- The order backlog remains robust at NOK 4.8 billion, providing a solid foundation for future operations.
- Multiconsult ASA (FRA:3MC) continues to see a strong pipeline of projects, particularly in defense infrastructure and sustainability, driving demand.
- There was a reduction in sales and order backlog due to peak production in some large projects, which was expected.
- The architecture segment, particularly in Oslo, faced challenging market conditions, leading to temporary layoffs.
- The company experienced a negative calendar effect impacting financial results by NOK 6.1 million in the quarter.
- The international segment saw a slight decrease in EBITA, despite increased net operating revenues.
- Increased competition and uncertainty in parts of the market could pose challenges to sustaining growth.
Good morning and welcome to this presentation of the Figures for the third quarter of 2024 for Multiconsult My name is Grethe Bergly. I'm the CEO and with me during this presentation today, we will also have a at CFO.
I would just like to remind you that almost immediately following this presentation, we will have a short break and then we'll go straight on to the Capital Markets Day presentation. To start with just to remind you who is Multiconsult. Multiconsult is a Norwegian based company with, with operations in Scandinavia and Poland. We operate in four segments, regions in Oslo where the headquarter is and a few offices outside Oslo regions, Norway, which is then all the other offices not included in the Oslo segment.
We have an architectural segment that comprises three link, architectural companies in Norway, Sweden and Denmark and the architectural company. International comprises our engineering company Iterio in Sweden and Multiconsult Polska in Poland. We operate in four business areas, building and properties,
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