Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 18, 2026
AI Summary
Q2 2026

Profitability: Second-quarter EBITA improved to NOK 108.2 million, with the margin up to 7.8% from 4.8% last year, helped by the Sotra Link comparison and better cost control.

Demand: Management said the market outlook remains stable, with defense, infrastructure, energy, and industry supporting demand and a healthy pipeline of opportunities.

Backlog: Order backlog was described as healthy despite a 13.5% year-on-year decline, because framework agreements are increasingly important but are not counted until call-offs happen.

Cost action: The company is reducing staff and tightening expenses to address pressure from wage growth and weaker billing ratios.

Strategy: The new CEO said Multiconsult is well positioned in digital and AI, and sees the current growth focus as being in the right markets.

Defense wins: The quarter included several new framework agreements, especially in defense, and management said the company has a strong position in that area.

Key Financials
Revenue growth
7.8%
Organic growth
0.7%
EBITA
NOK 108.2 million
EBITA margin
7.8%
Adjusted EBITA margin
6.1%
Earnings per share
NOK 3.23
First-half EBITA
NOK 268.8 million
First-half EBITA margin
8.6%
First-half adjusted EBITA margin
8.1%
First-half earnings per share
NOK 7.22
Order backlog
down 13.5% year-on-year
Employee growth
3.1%
Operating cash flow
NOK 253 million
Net debt
NOK 788 million
Gearing ratio
1.91
Free cash flow
NOK 388 million
Framework agreements
more than NOK 4 billion
Earnings Call Recording

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