Multiconsult Asa Unsp/Adr (MLTCY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of the results for Multiconsult Group, third quarter 2025. My name is Grete Bergli, I am the CEO and together with me today I also have our CFO, Ove Hauptberg. Before I look into the details of the figures, just a brief reminder of who Multiconsult is. Multiconsult is a Norwegian consulting and architecture firm. Our primary operations are in Norway, but we also have a presence in Sweden, Denmark, Poland and the UK. Additionally, we are involved with projects across Europe, Africa and Asia. Our business is divided into four segments. Regions Oslo, which is where the headquarters is in Oslo. Regions Norway, which cover all the engineering offices outside of Oslo. The segment architecture, that contains the four architect companies. And international, where you find our engineering subsidiary, ITERIO in Sweden and Multikonsul Polska in Poland. In the market we operate in four business areas and all segments and subsidiaries address market opportunities within these four business areas. In our portfolio we have a 50-50 balance between public and private customers. In recent years, we have delivered profitable growth based on a robust business model with a diverse portfolio and a strong professional environment that can assist our clients with their challenges across business areas and geographies. We are more than 4,000 employees. We execute more than 15,000 projects on an annual basis. for more than 5,000 clients. Let's move on to the figures. In summary, the third quarter is stable performance in a competitive market. Adjusted organic revenue growth year over year is a solid 6.7%. The billing ratio of 70.1% is also a satisfactory level for the third quarter in our business. But the increased competitive landscape means mai...