Multiconsult Asa Unsp/Adr (MLTCY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

For the first quarter 2025 for Multiconsult. My name is Grete Bergle. I'm the CEO and with me today is also our CFO, Ove Hautberg. Before I start going through the figures, just a short reminder of who Multiconsult is. We are a multidisciplinary engineering and architecture company with more than 100 years history. We have our main presence in Norway, but we also have businesses in Denmark, Sweden, UK and Poland. We operate in four segments, regions Oslo, which is also where the headquarters is, regions Norway, which are all the offices outside region Oslo, architecture that contain our four architecture companies, Link, Norway, Sweden and Denmark, and the architect company Alab. We have four business areas, building and properties, mobility and transportation, energy and industry, water and environment. And our portfolio consists of 50-50 when it comes to public and private clients. We have more than 15,000 projects on an annual basis. We are almost 4,000 employees. And over the last few years, we've had a solid profitable growth and profit development. As the key figure shows, we've had a good start of this year. Good operational, resulting in a revenue of 1.5 billion NOK and an EBITDA of 12.5%. Note that the comparisons year over year varies a lot over Q1 and Q2, depending on when the Easter break falls. The results were influenced by positive rate development and increased capacity. Slightly lower billing ratio of 72.1 from a very high level at the first quarter of 2024. We experienced some variations between our different business units and Ove will give you some more insight into this. It is pleasing also to see the great improvements within the architectural segment, but it is still vulnerable due to market uncertainties. Looking into market and sales, there h...