Business
Multiconsult : Q1 2026 | Presentation (multi q126 presentation)
Multiconsult : Q1 2026 | Presentation (multi q126
About this update from Multiconsult Asa
First quarter results Grethe Bergly, CEO Ove B. Haupberg, CFO 12 May 2026 Introduction and highlights Grethe Bergly, CEO This is the Multiconsult Group Segments (share of net operating revenues 2025) Business areas (share of operating revenues 2025) Sector balanced portfolio (share of operating revenues 2025) > 5 500 clients > 15 500 projects > 45 countries > 4 100 employees Highlights first quarter 2026 EBITA adjusted 1C0.G NOK million EBITA margin 10.0% EBITA 1C0.5 NOK million EBITA margin 10.0% NET OPERATING REVENUES 1 C08 NOK million 5.5% y-o-y Good start to 2026, with strong growth and gradually improving performance Market conditions remained stable, with continued pricing pressure and high competitive intensity Profitability impacted by calendar effects, slightly lower billing ratio and cost growth Higher billing rates contributed positively EPS 3.GG EPS NOK per share ORDER INTAKE 1 77G NOK million 4.9% y-o-y BILLING RATIO 71.8 per cent -0.3pp y-o-y The overall market outlook remains unchanged with several new opportunities in the pipeline Results Net operating revenues increased by 5.5% y-o-y to NOK 1 608.0 million - Organic growth of 4.4% EBITA was NOK 160.5 million and the EBITA margin was 10.0% EBITA adj. margin of 10.0% Billing ratio of 71.8 (72.1), down 0.3pp Market G Sales Large sales G new contracts Ongoing projects HP4 Lavhusene in Brøndby (renovation) KSÅ-3 Furnesbakken - Stange (railway) Thermal uprating of power lines (Statnett SF) Northern Lights (CCS) New Aker Hospital The Fornebu Line Water supply to Oslo New Rikshospitalet Yggdrasil - Power from Shore E10 Hålogalandsvegen Market Ǫ1 2026 Market conditions largely unchanged compared with the previous quarter Stable activity levels and continued uncertainty across most segments Order intake increased year-on-year, reflecting stable underlying activity levels Historical high volume of large framework agreements lays the foundation for future assignments Defence -related opportunities have continued to increase framework agreements Clear trend towards increased use of Contributes to a lower reported order backlog Significant volume of framework agreements not recognised in the order backlog People G organisation People Organisation Excellence 4 140 permanent fixed employees, a 4.5% increase y-o-y 3 819 full time equivalents (FTE), up 5.5% y-o-y 6 600 MULTI shares were transferred to new employees as part of the share ownership programme The general meeting approves the establishment of a profit-sharing model Multiconsult Norway is certified in accordance with the recognised information security standard ISO/IEC 27001:2023 Baneseminaret (Rail Seminar) 2026 gathered more than 150 participants Annual top management summit held under the theme "Always the first choice - Lead the future" Prime Minister Jonas Gahr Støre unveiled the foundation stone for the New Rikshospitalet and emphasised the significant societal importance of the project LINK Architecture won "Årets Bygge" for adult education centre in Umeå LINK Architecture nominated to "Guldstolen" for the University building Natrium in Gothenburg Financial Review Ove B. Haupberg CFO Financial highlights Ǫ1 2026 Net operating revenues came in at NOK 1 608.0 million (1 523.4), a y-o-y increase of 5.5% Organic revenue growth (ex. calendar effect) of 4.4% y-o-y EBITA of NOK 160.5 million (190.4), equal to an EBITA margin of 10.0% (12.5) Negative calendar effect of NOK 43.1 million on net operating revenues and operating results EBITA adj. of NOK 160.9 million (199.4), margin 10.0% (13.0) Order intake of NOK 1 778.6 million Strong order backlog of NOK 4 101.7 million Billing ratio of 71.8, declined by (0.3) percentage points Reported profit for the period was NOK 110.0 million (134.8) Earnings per share 3.99 (4.86) Consolidated key figures Amounts in NOK million Ǫ1 202C Ǫ1 2025 Change FY 2025 Net operating revenues 1 C08.0 1 523.4 5.5% 5 657.3 EBITA 1C0.5 1G0.4 (15.7%) 3G4.8 EBITA margin % 10.0% 12.5% (2.5pp) 7.0% EBITA adjusted 1C0.G 1GG.4 (1G.3%) 431.7 EBITA adjusted margin % 10.0% 13.0% (3.0pp) 7.6% Order intake 1 77G 1 6G6 4.G% 6 077 Order backlog 4 102 4 74G (13.6%) 4 233 Billing ratio % 71.8% 72.1% (0.3pp) 71.8% Permanent fixed employees 4 140 3 G63 4.5% 4 160 Permanent employees 4 210 4 02G 4.5% 4 223 Full-time equivalents (FTE) 3 81G 3 620 5.5% 3 731 +5.5% -0.3pp +4.5% Financial highlights Norway Revenue growth supported by higher billing rates and increased capacity EBITA impacted by lower billing ratio and a negative calendar effect Market conditions remained stable 4 448.1 1 1G5.5 1 304.C Net operating revenues FY 2025 Ǫ1 2025 Ǫ1 202C Amounts in NOK million EBITA 1C0.0 170.1 38G.G EBITA margin (%) 12.3% 14.2% 8.8% Billing ratio 71.5% 71.6% 71.4% Full-time equivalents (FTE) 2 815 2 625 2 6G4 Architecture Challenging market conditions and lower billing ratio impacted profitability Capacity adjustments to protect margins Amounts in NOK million Net operating revenues Ǫ1 202C 207.2 Ǫ1 2025 217.4 FY 2025 781.8 EBITA margin (%) 4.3% G.7% 1.8% EBITA G.0 21.1 14.1 Billing ratio CG.G% 71.8% 70.6% Full-time equivalents (FTE) 522 525 528 International Amounts in NOK million Ǫ1 202C Ǫ1 2025 FY 2025 Net operating revenues 110.3 110.0 432.8 Modest revenue growth, supported by higher billing rate and capacity Early signs of improvement in Sweden EBITA 4.7 6.6 25.3 EBITA margin (%) 4.3% 6.0% 5.G% Billing ratio 78.8% 78.G% 78.5% Full-time equivalents (FTE) 4C0 446 485 Financial position Cash flow from operations NOK 191 million (202) Change in working capital YTD negative NOK 11 million (negative 224) Net interest-bearing debt NIBD NOK 697 million Gearing ratio 1.87 (NIBD excl. lease liabilities, restricted cash/EBITDA) Gearing ratio adj. 1.74 481 Grey areas show IFRS 16 (non-cash) effects on Cash Flow (CF) from operations and financing NIBD excl. lease liabilities Free cash flow Business areas and Closing remarks Grethe Bergly, CEO Market structure Operating Revenues % of total Multiconsult Group Buildings G Properties Mobility G Transportation Energy G Industry Water G Environment 1 848 618 473 527 229 6% -3% 8% 15% 6% Ǫ1 202C NOK nillion Change y-o-y We set high ambitions for where and how to grow Long-term, sustainable and profitable development Projects 1 Developing position in complex and large projects Robust platform for growth Positions 2 3 4 Expanding our position as preferred partner in the energy transition Driving urban transformation and development Safeguarding biodiversity and climate Enabling the green transition Markets 5 Increasing our impact in the Nordics and Poland Expanding our position Driving urban transformation and development Multi-disciplinary excellence that elevates customer value A cross-disciplinary group bringing together leading urban development expertise within the Group Developing new and inventive services that create greater customer value Designing rail services on users' terms Innovative pilot supporting Bane NOR's user-centred transport hubs Data -driven and user-centred design to improve flow and reduce congestion The digital backbone of Bjørvika, Oslo A shared digital 3D model consolidating all building data (City of Oslo C ViaNova) Key tool for Bjørvika's holistic and successful transformation Highly transferable to other urban transformation projects In use in new projects at Lilleakerbyen, Oslo The first quarter, in brief The first quarter marks a good start to the year Focus on profitability improvement measures continues in line with financial ambitions Good sales in a highly competitive market Solid market position and order backlog Leading position in defence-related engineering and architectural services was strengthened Deichman, Oslo | Photo: Thomas Haugersveen Outlook The overall market outlook remains unchanged with several new opportunities in the pipeline Continued uncertainty regarding timing and investment decisions Defence, energy, industry, and infrastructure continue to be key drivers Building and property market is expected to remain challenging Strong market position and solid order backlog entering the remainder of 2026 Barlia, Bergen | Photo: PART Visuals Grateful for the journey - confident in the future "Multiconsult is, above all, built by people, by professional curiosity, a strong sense of responsibility, and the will to succeed together." Financial calendar 12 May 2026, Ǫ1 2026 results 18 Aug 2026, Half-yearly 2026 report 03 Nov 2026, Ǫ3 2026 results Teknostallen, Trondheim | Photo: Marianne Fon / Multiconsult Appendix Voss Biogas Plant | Photo: LINK Arkitektur / Bjørn Feltens Order backlog Ǫ1 2026 -13.6% Note: Variations in time horizon and size across business areas and business units. In addition, call-offs on frame agreements to be included when signed Spira, Sweden | Photo: Felix Gerlach / LINK Arkitektur Order intake Ǫ1 2026 The Fornebu Line | Photo: Multiconsult Number of working days 2026 vs 2025 - Calendar effect, 1Ǫ negative NOK 43.1 million NOK 0.5 million NOK 49.6 million NOK -43.1 million NOK 3.9 million 2025 2026 Segments Ǫ1 2026 28 Attention : This is an excerpt of the original content. To continue reading it, access the original document here .