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Multiconsult ASA reports recurring corporate updates for MLTCY, the company's unsponsored ADR tied to its Oslo-listed shares. News releases focus on quarterly and annual results, including net operating revenue, EBITA, organic revenue growth, billing ratio, order intake and order backlog across the company's segments.
Other recurring disclosures cover annual reports, annual general meeting decisions, capacity and billing-rate trends, market commentary, project execution, and corporate activity such as acquisitions or restructuring-related items when announced by the company.
Multiconsult ASA (OTC-PINK:MLTCY) reported strong financial results for Q4 2022, achieving an EBITA of NOK 96.8 million (8.6% margin) and net operating revenues of NOK 1,126.7 million, a 5.5% increase year-on-year. For 2022, EBITA reached NOK 408.5 million (9.8% margin), and net revenues grew by 10.1% to NOK 4,189.2 million. The board proposed a NOK 9.00 dividend per share. Additionally, an all-time high order intake of NOK 1,559 million in Q4 strengthens the company's position for growth in 2023, despite impacts from increased operating expenses due to acquisitions and a return to pre-COVID business levels.
Multiconsult ASA reported solid third quarter results, with EBITA of NOK 67.8 million and year-to-date EBITA of NOK 311.7 million, reflecting a margin of 7.7%. Net operating revenues surged by 13.8% to NOK 876.0 million, driven by enhanced billing rates and an increase in employees. The company noted ongoing operational performance improvements despite geopolitical instability and rising energy costs. A notable income recognition from an insurance settlement of NOK 13.6 million positively impacted results.
Multiconsult ASA reported a strong second quarter for 2022, with EBITA of NOK 74.7 million and first-half EBITA reaching NOK 243.9 million. Net operating revenues were NOK 1,048.5 million, up 6.2% year on year, while organic growth stood at 3.4%. Despite higher operating expenses, mainly from acquisitions and normalizing post-Covid activities, the order backlog remains robust at NOK 3,521 million. The company faces uncertainties due to geopolitical tensions and inflation, but the outlook for its services remains generally strong with solid demand in the construction sector.
Multiconsult reported strong second quarter results for 2021 with an EBIT of NOK 114.6 million, leading to a first-half EBIT of NOK 213.1 million. The EBIT margins improved to 11.6% for Q2 and 10.8% for the first half. Net operating revenues rose 3.7% year-on-year to NOK 986.8 million, supported by a stable order backlog of NOK 3.5 billion. The acquisition of Erichsen & Horgen is poised to bolster growth amidst a favorable market outlook.
Multiconsult announced strong financial results for 2020, achieving an EBIT of NOK 371.0 million (10.1% margin), up from NOK 106.3 million in 2019. Net revenues rose by 6.6% to NOK 3,661 million. The fourth quarter showcased an EBIT of NOK 83.0 million (8.6% margin) and an EBITDA increase of 127.4% to NOK 130.5 million. A dividend of NOK 8.00 per share was proposed. The company reports an all-time high order backlog of NOK 3,327 million amid a solid market position.