Norconsult ASA
OSE:NORCO
Norconsult ASA
In the bustling world of engineering consultancy, Norconsult ASA stands out as a beacon of northern expertise, firmly rooted in its Scandinavian home and yet executing projects globally. Founded with a vision to deliver innovative solutions, Norconsult has developed into a diversified consulting firm with its core strengths lying in engineering, architecture, and environmental sciences. Operating across various sectors such as transportation, energy, and water resources, the company thrives on providing tailored solutions to complex problems. This multifaceted approach is evident in its work, where it combines traditional engineering principles with cutting-edge technology to design infrastructure that is not only efficient but also sustainable.
Norconsult's business model is built around offering highly specialized consultancy services that range from initial concept development to detailed design and project management. The company earns its revenue primarily by engaging in long-term projects commissioned by public sector clients, private companies, and governments. It distinguishes itself through a commitment to sustainability, ensuring that its designs and recommendations not only meet clients' needs but also comply with stringent environmental standards. By integrating multidisciplinary expertise and leveraging its vast network of local offices and global partners, Norconsult turns its knowledge and experience into practical solutions, securing its position as a trusted advisor in the century-old business of shaping the built environment.
In the bustling world of engineering consultancy, Norconsult ASA stands out as a beacon of northern expertise, firmly rooted in its Scandinavian home and yet executing projects globally. Founded with a vision to deliver innovative solutions, Norconsult has developed into a diversified consulting firm with its core strengths lying in engineering, architecture, and environmental sciences. Operating across various sectors such as transportation, energy, and water resources, the company thrives on providing tailored solutions to complex problems. This multifaceted approach is evident in its work, where it combines traditional engineering principles with cutting-edge technology to design infrastructure that is not only efficient but also sustainable.
Norconsult's business model is built around offering highly specialized consultancy services that range from initial concept development to detailed design and project management. The company earns its revenue primarily by engaging in long-term projects commissioned by public sector clients, private companies, and governments. It distinguishes itself through a commitment to sustainability, ensuring that its designs and recommendations not only meet clients' needs but also comply with stringent environmental standards. By integrating multidisciplinary expertise and leveraging its vast network of local offices and global partners, Norconsult turns its knowledge and experience into practical solutions, securing its position as a trusted advisor in the century-old business of shaping the built environment.
Revenue Growth: Norconsult reported Q4 net revenue of NOK 2.8 billion, up 12% year-on-year, with 6% organic growth and 6% from acquisitions.
Profitability: Adjusted EBITA reached NOK 252 million, up 11% from last year, with an EBITA margin of 9.2%, showing slight improvement.
Strong Cash Flow: Q4 operating cash flow was NOK 884 million, strong though slightly lower due to a special effect last year.
Order Book Surge: Order backlog increased to NOK 7.7 billion, supported by a record NOK 2.2 billion Arna-Stanghelle contract win.
Dividend Proposal: Board proposed a NOK 1.80 per share dividend, an 86% payout ratio, exceeding the policy of 50%+.
Market Conditions: Overall markets remain stable, with continued weakness in private Buildings & Architecture but strong infrastructure and energy outlook.
AI & Digitalization: Demand is rising for AI-enabled services; roughly half of Norconsult’s software offerings now include AI.
Operational Updates: Measures taken to improve underperforming units, especially in Denmark and Technogarden; ongoing integration of Aas-Jakobsen and Metier.
