Multiconsult Asa Unsp/Adr (MLTCY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of the results for Multiconsult for the second quarter 2025 and the half year 2025. My name is Grete Bergele, I'm the CEO and with me today is also our CFO, Ove Haffberg, who will take part of this presentation. Before I start, just a short reminder of who Multiconsult is. We are a Norwegian consulting and architecture firm with a century of history. With our primary operations in Norway, we also have a presence in Denmark, Sweden, Poland and the UK. And with our projects, we have a footprint in 45 countries spanning from Europe, Africa and Asia. Our business is divided into four segments. Regions Oslo, which is the office and surrounding offices around the capital, Oslo. Regions Norway, which contain the remainder of the offices outside Oslo. Segment Architecture, that contains our four architecture companies. and international that has our Swedish subsidiary ITERIO and Multikonsult Polska. In the market we operate in four business areas, building and properties, mobility and infrastructure, energy and industry and water and environment. in our portfolio it's a roughly 50 50 split between public and private customers and in recent years we have delivered a profitable growth based on a robust business model with a diverse project portfolio and strong professional environment we have more than 3 900 employees in the company Moving over to the summary for the quarter. In comparing Q2 2025 with the second quarter of 2024, it is largely affected by when in the year Easter falls, but the results in the quarter is somewhat weaker than we had wanted. There is a satisfactory growth in revenue and good sales, But the EBITDA margin picture is moderate, and we have some drop in the billing ratio. Although in the second quarter in 20...