Multiconsult ASA
OSE:MULTI
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Multiconsult ASA
OSE:MULTI
|
NO |
Multiconsult ASA
Multiconsult ASA is a Norwegian engineering and design consultancy. It helps public agencies, developers, and industrial companies plan and build projects in areas like buildings, transport, energy, water, and the environment. The company sells expertise, not physical products: its teams do advisory work, project planning, engineering design, and technical management for new construction and upgrades. Its main customers include government bodies, municipalities, property developers, contractors, and energy and infrastructure owners. Multiconsult makes money by charging fees for consulting hours, project assignments, and long-term advisory work. Its role in the value chain is to turn an owner’s idea into a buildable plan and to support projects from early concept through detailed design and execution. What makes the business model distinct is that it sits between the client and the builders as a technical problem-solver. It is tied to capital spending on infrastructure, buildings, and energy systems, so demand depends on project pipelines rather than product sales. That gives the company a business built on specialized local knowledge, technical credibility, and relationships with repeat public and private clients.
Multiconsult ASA is a Norwegian engineering and design consultancy. It helps public agencies, developers, and industrial companies plan and build projects in areas like buildings, transport, energy, water, and the environment. The company sells expertise, not physical products: its teams do advisory work, project planning, engineering design, and technical management for new construction and upgrades.
Its main customers include government bodies, municipalities, property developers, contractors, and energy and infrastructure owners. Multiconsult makes money by charging fees for consulting hours, project assignments, and long-term advisory work. Its role in the value chain is to turn an owner’s idea into a buildable plan and to support projects from early concept through detailed design and execution.
What makes the business model distinct is that it sits between the client and the builders as a technical problem-solver. It is tied to capital spending on infrastructure, buildings, and energy systems, so demand depends on project pipelines rather than product sales. That gives the company a business built on specialized local knowledge, technical credibility, and relationships with repeat public and private clients.
Revenue: Multiconsult reported Q1 revenue growth of 5.5%, with 4.4% organic growth and 8.4% underlying growth excluding calendar effects.
Profitability: EBITA was NOK 160.5 million, with a 10% margin; management said the year-over-year improvement adjusted for calendar effects was the first in a while.
Outlook: Management said 2026 is expected to be a year of stability while the company continues adjusting the organization to be fit for its 2027 profitability targets.
Orders: Sales and order intake were described as good, with record-high framework agreements and continued strength in defense-related opportunities.
Costs: Costs are still rising faster than revenue, but management said the gap narrowed versus prior quarters.
Cash flow: Cash flow remained strong, with NOK 136 million from operations, NOK 164 million free cash flow in the quarter, and net debt at a comfortable level.
