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Norconsult ASA
OSE:NORCO

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Norconsult ASA
OSE:NORCO
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Price: 43.3 NOK -1.14% Market Closed
Market Cap: 12.5B NOK

Norconsult ASA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Strong Growth: Norconsult reported Q3 net revenue of NOK 2.19 billion, up 13% year-over-year, with 7% organic growth after adjusting for calendar effects.

Profitability Up: Adjusted EBITA rose 26% to NOK 204 million, with margins improving to 8.9% from 8.4% last year (after calendar adjustments).

Order Book Steady: The order book increased to NOK 7.4 billion from NOK 7.1 billion, reflecting a stable project pipeline.

Aas-Jakobsen Acquisition: Q3 included the acquisition of Aas-Jakobsen Group, adding over 200 employees and a NOK 400 million order backlog.

Metier Acquisition Announced: Norconsult will acquire Metier Group for NOK 480 million, further strengthening project management capabilities.

Renewable Energy Strong: High activity and growth in renewable energy, especially in hydropower and power transmission.

Sweden and Denmark Challenging: Margins pressured in Sweden and Denmark due to tough markets and rate competition.

Stable Outlook: Management described the market outlook as highly stable, with continued robust public sector demand and some signs of improvement in private sector buildings.

Key Financials
Net Revenue
NOK 2.19 billion
Organic Growth
7%
Adjusted EBITA
NOK 204 million
Adjusted EBITA Margin
8.9%
Order Book
NOK 7.4 billion
Billing Ratio
72.7%
Profit After Tax
NOK 132 million
Employees
7,000
Cash Position
NOK 809 million
Operating Cash Flow
minus NOK 103 million
Net Debt
NOK 85 million
Leverage Ratio
0.09x
Metier Group Acquisition Price
NOK 480 million
Aas-Jakobsen Backlog Contribution
NOK 400 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Egil Olav Hogna
CEO & President
No Bio Available
Mr. Dag Fladby
Executive VP & CFO
No Bio Available
Ms. Hege Njå Bjørkmann
Executive Vice President Communication & Brand
No Bio Available
Mr. Bård Sverre Hernes
Executive Vice President of Norway Head Office
No Bio Available
Ms. Janicke Poulsen Garmann
Executive Vice President of Sustainability & Staff
No Bio Available
Mr. Vegard Jacobsen
Executive Vice President of Norway Regions
No Bio Available
Ms. Farah Al-Aieshy
Executive Vice President of Sweden
No Bio Available
Mr. Thomas Bolding Rasmussen
Executive Vice President of Denmark
No Bio Available
Mr. Sten-Ole Nilsen
Executive Vice President of Renewable Energy
No Bio Available
Ms. Kathrine Duun Moen
Executive Vice President of Technogarden & Digital
No Bio Available

Contacts

Address
AKERSHUS
Sandvika
Vestfjordgaten 4
Contacts