Multiconsult fourth quarter and full year 2024 - high activity level
Multiconsult ASA reported its Q4 and full-year 2024 results, showing mixed performance. Q4 EBITA was NOK 98.0 million (down from 118.4 million), while full-year EBITA reached NOK 523.4 million (up from 419.5 million). The company achieved a billing ratio of 72.5%, up 0.7 percentage points year-over-year.
Net operating revenues grew 6.0% to NOK 1,443.3 million in Q4, with organic revenue growth of 4.8%. The full-year saw net operating revenues increase by 12.1% to NOK 5,383.6 million. The company maintained a strong order backlog of NOK 4,851 million, supported by solid order intake of NOK 1,798 million in Q4.
The board proposed a dividend of NOK 10.00 per share for 2024. The company's market outlook remains good and stable, particularly in defense and energy sectors, though challenges persist in housing and real estate markets.
Multiconsult ASA ha riportato i suoi risultati del Q4 e dell'intero anno 2024, mostrando una performance mista. L'EBITA del Q4 è stato di 98,0 milioni di NOK (in calo rispetto ai 118,4 milioni), mentre l'EBITA dell'intero anno ha raggiunto i 523,4 milioni di NOK (rispetto ai 419,5 milioni dell'anno precedente). L'azienda ha ottenuto un rapporto di fatturato del 72,5%, in aumento di 0,7 punti percentuali rispetto all'anno precedente.
I ricavi operativi netti sono cresciuti del 6,0% a 1.443,3 milioni di NOK nel Q4, con una crescita organica dei ricavi del 4,8%. Nell'intero anno, i ricavi operativi netti sono aumentati del 12,1% a 5.383,6 milioni di NOK. L'azienda ha mantenuto un solido portafoglio ordini di 4.851 milioni di NOK, supportato da un forte ingresso di ordini di 1.798 milioni di NOK nel Q4.
Il consiglio ha proposto un dividendo di 10,00 NOK per azione per il 2024. Le prospettive di mercato dell'azienda rimangono buone e stabili, in particolare nei settori della difesa e dell'energia, anche se persistono delle sfide nei mercati immobiliari e della casa.
Multiconsult ASA reportó sus resultados del cuarto trimestre y del año completo 2024, mostrando un rendimiento mixto. El EBITA del cuarto trimestre fue de 98,0 millones de NOK (bajando de 118,4 millones), mientras que el EBITA del año completo alcanzó los 523,4 millones de NOK (subiendo de 419,5 millones). La empresa logró una razón de facturación del 72,5%, aumentando 0,7 puntos porcentuales en comparación al año anterior.
Los ingresos operativos netos crecieron un 6,0% hasta 1.443,3 millones de NOK en el cuarto trimestre, con un crecimiento orgánico de ingresos del 4,8%. Durante el año completo, los ingresos operativos netos aumentaron un 12,1% hasta 5.383,6 millones de NOK. La compañía mantuvo un sólido backlog de pedidos de 4.851 millones de NOK, respaldado por una fuerte adquisición de pedidos de 1.798 millones de NOK en el cuarto trimestre.
La junta propuso un dividendo de 10,00 NOK por acción para 2024. Las perspectivas de mercado de la empresa permanecen buenas y estables, particularmente en los sectores de defensa y energía, aunque persisten desafíos en el mercado de la vivienda y bienes raíces.
Multiconsult ASA는 2024년 4분기 및 전체 연도 결과를 보고했으며, 혼합된 성과를 보였습니다. 4분기 EBITA는 98.0 백만 NOK로 (118.4 백만에서 감소), 전체 연도 EBITA는 523.4 백만 NOK에 도달했습니다 (419.5 백만에서 증가). 회사는 청구 비율 72.5%를 달성했으며, 이는 전년 대비 0.7 포인트 상승한 수치입니다.
순 운영 수익은 4분기 동안 1,443.3 백만 NOK로 6.0% 증가했으며, 유기적 수익 성장률은 4.8%입니다. 전체 연도 동안 순 운영 수익은 12.1% 증가하여 5,383.6 백만 NOK에 달했습니다. 회사는 4,851 백만 NOK의 강력한 주문 백로그를 유지하고 있으며, 이는 4분기에 1,798 백만 NOK의 견고한 주문 유입에 의해 지원됩니다.
이사회는 2024년 1주당 10.00 NOK의 배당금을 제안했습니다. 회사의 시장 전망은 특히 방위 및 에너지 부문에서 좋고 안정적이지만 주택 및 부동산 시장에서는 여전히 도전 과제가 존재합니다.
Multiconsult ASA a publié ses résultats du quatrième trimestre et de l'année 2024, montrant des performances mixtes. L'EBITA du quatrième trimestre s'est élevé à 98,0 millions de NOK (en baisse par rapport à 118,4 millions), tandis que l'EBITA de l'année entière a atteint 523,4 millions de NOK (contre 419,5 millions). L'entreprise a réalisé un taux de facturation de 72,5%, en hausse de 0,7 point de pourcentage par rapport à l'année précédente.
Les revenus d'exploitation nets ont augmenté de 6,0% pour atteindre 1.443,3 millions de NOK au quatrième trimestre, avec une croissance organique des revenus de 4,8%. Pour l'ensemble de l'année, les revenus d'exploitation nets ont augmenté de 12,1% pour atteindre 5.383,6 millions de NOK. L'entreprise a maintenu un solide carnet de commandes de 4.851 millions de NOK, soutenu par un solide influx de commandes de 1.798 millions de NOK au quatrième trimestre.
Le conseil d'administration a proposé un dividende de 10,00 NOK par action pour 2024. Les perspectives de marché de l'entreprise demeurent bonnes et stables, notamment dans les secteurs de la défense et de l'énergie, bien que des défis persistent sur les marchés du logement et de l'immobilier.
Multiconsult ASA hat seine Ergebnisse für das 4. Quartal und das Gesamtjahr 2024 veröffentlicht, die eine gemischte Leistung zeigen. Der EBITA im 4. Quartal betrug 98,0 Millionen NOK (im Rückgang von 118,4 Millionen), während der EBITA des Gesamtjahres 523,4 Millionen NOK erreichte (im Vergleich zu 419,5 Millionen). Das Unternehmen erzielte ein Fakturierungsverhältnis von 72,5%, was einem Anstieg von 0,7 Prozentpunkten im Vergleich zum Vorjahr entspricht.
Die Nettobetriebseinnahmen wuchsen im 4. Quartal um 6,0% auf 1.443,3 Millionen NOK, mit einem organischen Umsatzwachstum von 4,8%. Im Gesamtjahr stiegen die Nettobetriebseinnahmen um 12,1% auf 5.383,6 Millionen NOK. Das Unternehmen hielt einen soliden Auftragsbestand von 4.851 Millionen NOK, unterstützt durch einen starken Auftragseingang von 1.798 Millionen NOK im 4. Quartal.
Der Vorstand schlug eine Dividende von 10,00 NOK pro Aktie für 2024 vor. Die Marktaussichten des Unternehmens bleiben gut und stabil, insbesondere in den Verteidigungs- und Energiesektoren, obwohl Herausforderungen in den Wohn- und Immobilienmärkten bestehen bleiben.
- Full-year EBITA increased 24.8% to NOK 523.4 million
- Net operating revenues grew 12.1% to NOK 5,383.6 million in 2024
- Billing ratio improved to 72.8% for full-year (up 2.0 percentage points)
- Strong Q4 order intake of NOK 1,798 million
- Project write-downs remained below 1% of net operating revenues
- Q4 EBITA decreased 17.2% to NOK 98.0 million
- Q4 EBITA margin declined to 6.8% from 8.7%
- Operating expenses increased 9.4% in Q4
- Challenging market conditions in housing and real estate sector
- Pricing and margins remain sensitive and variable
The result for the fourth quarter was impacted positively by a higher billing ratio and higher average billing rates, offset by increased employee benefit expenses and other operating expenses. EBITA adjusted for one-offs was at the same level as EBITA at
The board of directors proposes a dividend of
FOURTH QUARTER 2024
- A quarter driven by continued good operational performance and high activity
- Net operating revenues increased by 6.0 per cent to
NOK 1 443.3 million (1 361.5)- The organic revenue growth adjusted for the calendar effect was 4.8 per cent
- EBITA of
NOK 98.0 million (118.4), equal to an EBITA margin of 6.8 per cent (8.7)- Net operating revenues and EBITA impacted negatively by
NOK 7.1 million from the calendar effect compared with fourth quarter 2023
- Net operating revenues and EBITA impacted negatively by
- EBITA adjusted
NOK 98.0 million (145.1), equal to an EBITA margin of 6.8 per cent (10.7)- No adjustments in the quarter, comparable quarter last year adjusted for one-offs related to share ownership programme and restructuring cost
- Improved billing ratio of 72.5 per
cent (71.8) , up 0.7pp - Strong order intake of
NOK 1 798 million (1 431) - Order backlog of
NOK 4 851 million (4 883) - Full-time equivalents (FTE) increased by 3.3 per cent, to 3 639 (3 523)
- Net profit of
NOK 89.7 million (112.9) - Earnings per share
NOK 3.28 (4.10) - The overall market outlook remains good and stable
FULL YEAR 2024
- Net operating revenues of
NOK 5 383.6 million (4 802.5), a y-o-y growth of 12.1 per cent- The organic revenue growth adjusted for the calendar effect was 10.0 per cent
- EBITA of
NOK 523.4 million (419.5), equal to an EBITA margin of 9.7 per cent (8.7)- Net operating revenues and EBITA impacted negatively by
NOK 34.3 million from the calendar effect compared with 2023
- Net operating revenues and EBITA impacted negatively by
- EBITA adjusted for one-offs was
NOK 492.1 million (446.2), equal to an EBITA margin of 9.2 per cent (9.3)- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
NOK 31.2 million related to a contractual dispute. 2023 figure adjusted for one-offs related to share ownership programme and restructuring cost
- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
- Order intake of
NOK 6 454 million (6 926) - Net profit of
NOK 413.3 million (316.6) - Earnings per share 15.11 (11.56)
- Full-time equivalents (FTE) increased by 5.3 per cent, to 3 566 (3 388)
- Proposed dividend of
NOK 10.00 per share as ordinary dividend
EXTRACT OF COMMENTS FROM CEO, GRETHE BERGLY:
"Multiconsult delivered a good quarter with a very strong order intake. The high billing ratio is a result of a high activity level in the organisation, and I am pleased with how our employees' competencies are in high demand from our clients. Overall good operational performance and robust organic growth throughout the year ensure that we leave 2024 with a solid foundation going forward. Reflecting on the accomplishments over the past year, I am filled with pride and gratitude for the dedication and hard work contributed by each one of our employees.
High sales activity has led to several successful contracts, resulting in the strongest fourth-quarter order intake ever. We maintain a strong and diversified order backlog, as a sought-after partner we continue to build strategic positions within areas such as energy, water and environment, and hospitals.
The market remained stable throughout the quarter. A significant increase in defence investment has positively impacted our market position. While parts of the building and property market continued to struggle with low investment levels and budget cuts in both the public and private sectors, other market areas continued at a good level.
In November, we launched our revised group strategy, Think Beyond. I am pleased to see how all subsidiaries have responded positively and taken steps towards its realisation. Enabling the green transition is a key element of the strategy. We reaffirm our strong position towards energy transition by securing new framework agreement with Statkraft and a significant electrification contract with Equinor. We have strengthened our position towards urban transformation and development through projects by LINK Arkitektur and A-lab.
Leaving 2024 behind, we can look back on five years of stable, strong performance, proving that Multiconsult is on par with the best players in our industry. It fills me with pride to see the results we as an organisation have achieved. Looking ahead, Multiconsult is in a strong position to navigate for future growth and support our clients' needs. Our solid order backlog, focus on sustainability, and growth in key areas position us well to seize future opportunities. With our dedicated teams and strong foundation, I am confident we will continue to build on our success, prepared to take on the challenges to maintain at the forefront - we are ready for 'Think beyond'!
For a full review of comments from CEO, please refer to the interim fourth quarter and full year 2024 report.
FINANCIAL REVIEW, FOURTH QUARTER 2024:
Net operating revenues amounted to
Net project write-downs represent losses or gains in previously recorded revenues, and may be caused by several factors, including project deliveries not according to agreements with clients or project estimates that need adjustment. Multiconsult's expected normal level of net project write-downs is below 1 per cent of net operating revenues for the FY 2024, compared to 1-2 per cent for the FY 2023. As operational performance and risk management have improved in 2024 write-downs have been more evenly spread over the previous quarters, resulting in lower project write-ups/lower write-downs in the fourth quarter this year, compared to the fourth quarter in 2023, negatively impacting net operating revenues year-over-year.
Operating expenses consist of employee benefit expenses and other operating expenses. Operating expenses increased by 9.4 per cent to
EBITDA was
EBITA came in at
FINANCIAL REVIEW, FULL YEAR 2024:
Net operating revenues increased by 12.1 per cent to
Operating expenses consist of employee benefit expenses and other operating expenses. Reported operating expenses increased by 11.4 per cent to
EBITDA was
EBITA came in at
OUTLOOK
The overall market outlook remains good and stable, driven by strong demand in key sectors, although with notable variations. Increased investments within defence and energy sectors have a positive impact on the market outlook. The infrastructure market remains stable, while the challenging market situation within housing and real estate is expected to continue.
The competitive landscape continues to evolve, with pricing and margins for architectural and engineering services remaining sensitive and variable. Public investments in buildings and in infrastructure is expected to remain steady, with continued uncertainty related to challenging budget situations in public sectors. The energy transition, grid capacity, and sustainability initiatives are driving demand for engineering services.
A solid project pipeline and several new frame agreements in key markets support stability going into 2025.
Multiconsult does not provide forecast.
For a full review, please to the interim fourth quarter and full year 2024 report.
Presentations today 11 February 2025:
Participants are invited to attend the Norwegian presentation that will be held at Hotel Continental, Stortingsgata 24/26,
The Norwegian presentation at 08:30 can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20250211_6/
The English presentation at 09:30 can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20250211_7/
Live webcasts, complete report, presentation and a recording of the webcast will be available on https://www.multiconsultgroup.com/investor-relations/ and https://newsweb.oslobors.no/
For further information, please contact:
Investor relations:
Ove B. Haupberg, CFO
Phone: +47 401 00 900
E-mail: oveb.haupberg@multiconsult.no
Media:
Cato A. Mørk, Senior Communications Advisor
Phone: +47 924 55 663
E-mail: caam@multiconsult.no
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Multi Q424 Stock market annoncement | |
https://mb.cision.com/Public/12394/4103446/a6ea40fc35511fad.pdf | Multi-Q424-report print |
https://mb.cision.com/Public/12394/4103446/a8c44166e8587bdf.pdf | 2025 02 11 Master 4Q24 presentation |
View original content:https://www.prnewswire.com/news-releases/multiconsult-fourth-quarter-and-full-year-2024--high-activity-level-302373140.html
SOURCE Multiconsult
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