Q2 2024 Multiconsult ASA Earnings Call Transcript
Key Points
- Strong operational performance with high billing ratio and good sales.
- Continuous high order backlog with organic growth of 11.4%.
- EBITA of NOK186 million, representing a margin of 13%.
- Positive impact from the put option related to A-lab.
- Increased focus on diversity and inclusion within the organization.
- Increased competition in all business areas.
- Temporary and permanent layoffs in the Architecture segment due to a challenging market.
- Bad debt provision in Multiconsult Polska due to a pending court case.
- Reduced call-off on some frame agreements in Iterio, affecting results.
- Slightly lower recruitment rate in Q3 compared to the same quarter in 2023.
Good morning, and welcome to this presentation of the results for Multiconsult, the second quarter of 2024. My name is Grethe Bergly. I'm the CEO. And with me today is also our CFO, Ove Haupberg.
Before we look at the figures, we'll just give a brief overview of Multiconsult. We are a Norwegian-based engineering and consultant company. We operate mainly in Norway, but we have a footprint in Scandinavia, Poland, and we have a project footprint in large parts of Europe, some in Africa, and also some in Asia.
We have four segments. Region Oslo, that's where the headquarter is. And in addition to offices in Oslo, there's an office at the Lillehammer and Lillestrøm. Then Region Norway is, of course, the other location where we're present along Norway.
Then we have the segment Architecture that comprises three LINK Arkitektur companies, one in Norway, one in Sweden, and one in Denmark, and the Arkitektur A-lab who have their main office in Oslo. The last segment is International. That comprises the Swedish engineering
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
