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MULTICONSULT ASA UNSP/ADR - $MLTCY STOCK NEWS

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Rhea-AI Summary

Multiconsult ASA reported a strong first quarter in 2024 with a high billing ratio, increased order intake, and improved operational performance. The net operating revenues grew by 4.3%, EBITA margin was 10.0%, and order backlog reached NOK 5.09 billion. Despite a negative impact from fewer working days, the company showed solid financial performance with positive growth trends.

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Multiconsult ASA (MLTCY) ended the year with a good quarter, influenced by high activity, increased capacity through organic growth, and overall good operational performance. Net operating revenues grew by 20.8% to NOK 1 361.5 million in the quarter and by 14.6% to NOK 4 802.5 million for the year. EBITA for the full year came in at NOK 419.5 million, while EBITA adjusted for one-offs was NOK 446.2 million, a 9.3% margin. Order intake during the year was NOK 6 926 million and NOK 1 431 million in the fourth quarter, resulting in a strong order backlog going into 2024.
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Multiconsult ASA reports a robust organic revenue growth of 8.4% in the third quarter of 2023. Net operating revenues increased by 11.5% to NOK 977.0 million. The EBITA for the quarter was NOK 29.2 million, with an EBITA margin of 3.0%. The order intake is strong, resulting in a robust and diversified order backlog. The billing ratio was 67.8%, influenced by investment in onboarding and training of new hires.
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Multiconsult delivered a good quarter with strong organic growth of 10.9%. Net operating revenues increased by 10.0% to NOK 1,153.8 million. Order intake increased by 28.5% to NOK 1,572 million. Order backlog reached an all-time high of NOK 4,943 million, up 6.2% from the first quarter and 40.4% from the end of the second quarter last year. The acquisition of A-lab strengthens the position in architecture and urban development. Multiconsult is well-positioned with a solid portfolio and strong demand for its services.
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MULTICONSULT ASA UNSP/ADR

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Payroll Services
Professional, Scientific, and Technical Services
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United States of America
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