Multiconsult second quarter and first half 2025 - a moderate second quarter, with increased M&A activity
Multiconsult (MLTCY) reported moderate Q2 2025 results with increased M&A activity. The company posted Q2 EBITA of NOK 67.4 million, down from NOK 185.7 million year-over-year, with an EBITA margin of 4.8%. Net operating revenues decreased 0.6% to NOK 1,415.9 million, while organic revenue growth adjusted for calendar effects was 4.2%.
A significant highlight was the announced acquisition of the ViaNova group, marking Multiconsult's largest strategic acquisition since 2021. The company maintained a strong order backlog of NOK 4,575 million, with Q2 order intake at NOK 1,539 million. The quarter was notably impacted by four fewer working days compared to Q2 2024, affecting both revenues and EBITA.
Multiconsult (MLTCY) ha comunicato risultati moderati per il secondo trimestre 2025, accompagnati da un aumento dell'attività M&A. L'azienda ha registrato un EBITA Q2 di 67,4 milioni NOK, in calo rispetto ai 185,7 milioni NOK dell'anno precedente, con un margine EBITA del 4,8%. I ricavi operativi netti sono diminuiti dello 0,6%, attestandosi a 1.415,9 milioni NOK, mentre la crescita organica dei ricavi, aggiustata per gli effetti del calendario, è stata del 4,2%.
Un elemento saliente è l'annuncio dell'acquisizione del gruppo ViaNova, la maggiore operazione strategica di Multiconsult dal 2021. L'azienda ha mantenuto un robusto portafoglio ordini di 4.575 milioni NOK, con acquisizioni ordini nel Q2 pari a 1.539 milioni NOK. Il trimestre è stato influenzato da quattro giornate lavorative in meno rispetto al Q2 2024, con impatto su ricavi ed EBITA.
Multiconsult (MLTCY) presentó resultados moderados en el 2T 2025, junto con una mayor actividad de fusiones y adquisiciones. La compañía reportó un EBITA del 2T de 67,4 millones NOK, frente a 185,7 millones NOK interanuales, con un margen EBITA del 4,8%. Los ingresos operativos netos bajaron un 0,6%, hasta 1.415,9 millones NOK, mientras que el crecimiento orgánico de ingresos, ajustado por efectos de calendario, fue del 4,2%.
Un punto destacado fue el anuncio de la adquisición del grupo ViaNova, la mayor adquisición estratégica de Multiconsult desde 2021. La compañía mantuvo una sólida cartera de pedidos de 4.575 millones NOK, con tomas de pedidos en el 2T por 1.539 millones NOK. El trimestre se vio afectado por cuatro días laborables menos en comparación con el 2T de 2024, lo que impactó tanto a ingresos como al EBITA.
Multiconsult (MLTCY)는 2025년 2분기에 인수합병(M&A) 활동이 증가한 가운데 보통 수준의 실적을 보고했습니다. 회사는 2분기 EBITA가 6,740만 NOK로 전년 동기 1억8,570만 NOK에서 감소했으며, EBITA 마진은 4.8%를 기록했습니다. 순영업수익은 0.6% 감소한 1,415.9백만 NOK였고, 달력 효과를 보정한 유기적 매출 성장률은 4.2%였습니다.
주요 소식으로는 ViaNova 그룹 인수가 발표되었는데, 이는 Multiconsult가 2021년 이후 단행한 최대 규모의 전략적 인수입니다. 회사는 강한 수주 잔고 4,575백만 NOK을 유지했으며, 2분기 수주액은 1,539백만 NOK였습니다. 해당 분기는 2024년 2분기보다 근무일이 4일 적어 매출과 EBITA에 영향을 미쳤습니다.
Multiconsult (MLTCY) a publié des résultats modérés pour le T2 2025, avec une activité M&A en hausse. La société a enregistré un EBITA T2 de 67,4 millions NOK, en baisse par rapport à 185,7 millions NOK l'an dernier, avec une marge EBITA de 4,8%. Les revenus d'exploitation nets ont diminué de 0,6% pour atteindre 1 415,9 millions NOK, tandis que la croissance organique des revenus, ajustée des effets de calendrier, s'est élevée à 4,2%.
Fait marquant : l'annonce de l'acquisition du groupe ViaNova, la plus importante opération stratégique de Multiconsult depuis 2021. La société a conservé un solide carnet de commandes de 4 575 millions NOK, avec des prises de commandes au T2 à 1 539 millions NOK. Le trimestre a été notablement impacté par quatre jours ouvrés en moins par rapport au T2 2024, affectant revenus et EBITA.
Multiconsult (MLTCY) meldete für das zweite Quartal 2025 moderate Ergebnisse bei verstärkter M&A-Aktivität. Das Unternehmen erzielte ein EBITA im Q2 von 67,4 Mio. NOK, nach 185,7 Mio. NOK im Vorjahreszeitraum, bei einer EBITA-Marge von 4,8%. Die Netto-Betriebserlöse sanken um 0,6% auf 1.415,9 Mio. NOK, während das organische Umsatzwachstum bereinigt um Kalendereffekte 4,2% betrug.
Ein bedeutender Meilenstein war die angekündigte Übernahme der ViaNova-Gruppe, die größte strategische Akquisition von Multiconsult seit 2021. Das Unternehmen behielt ein starkes Auftragsbestand von 4.575 Mio. NOK bei, mit einem Auftragszugang im Q2 von 1.539 Mio. NOK. Das Quartal wurde durch vier Arbeitstage weniger im Vergleich zum Q2 2024 beeinträchtigt, was Umsatz und EBITA beeinflusste.
- Successful refinancing with total available credit facilities of NOK 2.5 billion
- Strategic acquisition of ViaNova group to strengthen mobility and transportation capabilities
- Organic revenue growth of 4.2% adjusted for calendar effects
- Strong order backlog of NOK 4,575 million supporting future activity
- Full-time equivalents increased by 6.6% to 3,762 employees
- EBITA declined significantly to NOK 67.4 million from NOK 185.7 million year-over-year
- EBITA margin decreased to 4.8% from 13.0% in Q2 2024
- Billing ratio decreased by 0.9 percentage points to 72.9%
- Net profit decreased to NOK 40.3 million from NOK 147.9 million year-over-year
- Billing rates not keeping pace with rising salaries and operating costs
There was high activity in most segments, and the result was positively impacted by higher billing rates, but negatively affected by reduced capacity due to a lower number of working days. Net operating revenues amounted to NOK 1 415.9 million, with organic revenue growth at 4.2 per cent, adjusted for the calendar effect and acquisitions. The billing ratio was 72.9 per cent, 0.9 percentage points lower than the comparable quarter last year. Order intake was
Second quarter 2025
- Multiconsult delivered a moderate second quarter, with increased M&A activity
- Net operating revenues decreased by 0.6 per cent to
NOK 1 415.9 million (1 424.9)
- The organic revenue growth adjusted for the calendar effect was 4.2 per cent
- EBITA of
NOK 67.4 million (185.7), equal to an EBITA margin of 4.8 per cent (13.0)
- Net operating revenues and EBITA impacted negatively by
NOK 85.5 million from the calendar effect compared with second quarter of 2024
- EBITA margin adjusted for calendar effect 10.2 per
cent (13.0)
- Billing ratio of 72.9 per
cent (73.8) , down 0.9pp
- Order intake of
NOK 1 539 million (1 531)
- Order backlog of
NOK 4 575 million (4 943)
- Full-time equivalents (FTE) increased by 6.6 per cent, to 3 762 (3 531)
- Net profit of
NOK 40.3 million (147.9)
- Earnings per share
NOK 1.45 (5.36)
- Successful refinancing of credit facilities
- Total available credit facilities, including the accordion option amount to
NOK 2.5 billion
- The overall market outlook remains stable
First half 2025
- Net operating revenues of
NOK 2 939.4 million (2 791.8), a y-o-y growth of 5.3 per cent
- The organic revenue growth adjusted for the calendar effect was 4.2 per cent
- EBITA of
NOK 257.8 million (322.4), equal to an EBITA margin of 8.8 percent (11.5)
- Order intake of
NOK 3 235 million (3 378)
- Net profit of
NOK 175.1 million (243.4)
- Earnings per share of
NOK 6.32 (8.88)
- Full-time equivalents (FTE) increased by 4.1 per cent, to 3 687 (3 540)
Extract of comments from CEO, Grethe Bergly:
Building
In the second quarter, we announced plans to acquire ViaNova group, a consulting engineering firm well known for its strong competence in transport and mobility. This marks our largest strategic acquisition since Erichsen & Horgen in 2021 and represents a significant milestone on our growth journey. We look forward to welcoming the ViaNova employees to Multiconsult. ViaNova and Multiconsult are a great strategic fit with complementary strengths, and I am confident that together we will achieve our ambition to build
Working together with ViaNova on projects over several years, we know they foster a culture of innovation and development. They are also pioneers in utilising digital tools - particularly within road infrastructure planning and engineering. Our two companies are a strong cultural match, sharing similar values and complementary competencies, together we strengthen the value proposition to our clients and enable us to take a greater share of the mobility and transportation market. I am truly looking forward to welcoming ViaNova's highly competent employees once the transaction is completed.
Order intake in the second quarter was on par with the same period last year. Our order backlog is strong, supporting a high level of activity going forward. The moderate EBITA performance in the quarter, compared to the same quarter last year, is primarily due to four fewer working days in the second quarter vs. a year ago. In addition, billing ratio was lower than in the same period last year, and the increase in billing rates have not kept pace with the rise in salaries and other operating costs. We continue to implement measures to mitigate this issue.
We have much to be proud of. Just before the summer holidays, we learned that Norwegian students regard Multiconsult as the most attractive employer in the industry — a great honour and an inspiring signal that we are heading in the right direction. More recently, I had the pleasure of meeting a large group of enthusiastic students who spent the summer working with us, and as we prepare to welcome new graduates as permanent employees that bring energy and new perspectives it bodes well for a bright and promising future.
For a full review of comments from CEO and report, please refer to the interim second quarter and first half 2025 report.
Presentations today 19 August 2025:
Participants are invited to attend the Norwegian presentation that will be held at Hotel Continental, Stortingsgata 24/26,
The Norwegian presentation at 08:15 can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20250819_3/
The English presentation at 09:30 can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20250819_4/
Live webcasts, complete report, presentation and a recording of the webcast will be available on: https://www.multiconsultgroup.com/investor-relations/ and https://newsweb.oslobors.no/
For further information, please contact:
Investor relations:
Ove B. Haupberg, CFO
Phone: +47 401 00 900
E-mail: oveb.haupberg@multiconsult.no
Media:
Lars Nermoen, Communications Director
Phone: +47 902 40 153
E-mail: larn@multiconsult.no
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Multi-Q225-stock-market-announcement | |
https://mb.cision.com/Public/12394/4219596/b685ea48b750f6d8.pdf | Multi-Q225-presentation |
https://mb.cision.com/Public/12394/4219596/8caff311b1120204.pdf | Multi-Q225-report print |
https://mb.cision.com/Public/12394/4219596/a4246169a9e576e6.pdf | Multi-Q225-report web |
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SOURCE Multiconsult
FAQ
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