Multiconsult Asa Unsp/Adr (MLTCY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation for the fourth quarter and full year 2025 for Multikonsult. My name is Grete Bergli, I am the CEO and with me today I also have our CFO, Ove Hautberg. Before we go into the details, just a short overview of who Multikonsult is. We are an engineering and architectural firm with over a hundred years history. Our primary operations are in Norway, but we also have a presence in Denmark, Sweden, UK and Poland. We have projects across 45 countries in Europe, Asia and Africa. Our business is divided into three segments. Multiconsult Norway, which comprises our engineering business in Norway. architecture that comprises our four architect companies, and international, where you find our engineering subsidiary Multikonsult Polska in Poland, and our Swedish daughter Ethereum. In the market, we operate in four business areas, building and properties, mobility and transportation, energy and industry, and water and environment. Our project portfolio, we have clients roughly 50-50, private and public. We execute over 15,000 projects on an annual basis for 5,500 clients, and we are just above 400 employees. Over the last few years, we have delivered profitable growth based on a very robust business model with a diversified portfolio and strong professional environments that can assist our clients across all these business areas and geographies. Going into the figures, we deliver stable operational results with 3.9 organic growth for the quarter and 4% for the full year. The adjusted EBITDA came in at 9.2 million, representing an EBIT margin of 6.1%. And the adjustments are related to the SOTRA project. The architectural business has been particularly hard hit in this quarter and this is largely due to a challenging market where the buil...