Multiconsult Asa Unsp/Adr (MLTCY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of the results of the first quarter 2026 for Multikonsult. My name is Grete Bergli. I am the CEO and with me today is also our CFO, Ove Hautberg. Before I dive into the figures, just a brief reminder of who Multikonsult is. We are an engineering and architect firm with a history going back more than 100 years. We report in three segments, Multikonsult Norway that contains our engineering business, Architecture that contains our four architect subsidiaries, Link in Norway, Sweden, and Denmark, and Alab in Norway. The segment International contains Multikonsul Polska and our Swedish engineering subsidiary ITERIO. In the market we operate in four business areas and all the subsidiaries and segments work across these four business areas. Historically, the split between private and public clients have been 50-50. And over the last few years, we have delivered a profitable growth based on a robust business model and a diversified, strong professional environment. Looking at the figures for the quarter, we had a good start of the year with a 5.5% growth of which 4.4% was organic and excluding calendar days, the revenue growth in the period was 8.4%. The billing rates increased compared to 2025. The EBITDA of 160.5 million represents a margin of 10% and adjusted for calendar effect, the EBITDA percentage is 12.4. We still have a challenge with cost increasing more than revenue, but it is a positive development as far as the gap over the last quarter has been reduced. The sales in the quarter was good, And our ambition and commitment to strengthen profit remains firm, and we work along the axis of the organization, effective business support, and cost control. Ove will go in more detail when it comes to the figures later on. The sa...