Multiconsult third quarter result 2024 - very strong quarter
Multiconsult ASA reported strong Q3 2024 results with EBITA of NOK 102.9 million, representing a 9.0% margin. Net operating revenues grew 17.5% to NOK 1,148.4 million, with organic revenue growth of 15.9%. The quarter was marked by high activity with a billing ratio of 71.2%, up 3.4 percentage points year-over-year. The company received a one-time settlement payment of NOK 31.2 million from a client dispute resolution. Order intake was NOK 1,277 million, resulting in an order backlog of NOK 4,838 million. Earnings per share increased to NOK 2.95, up from NOK 0.40 in Q3 2023.
Multiconsult ASA ha registrato risultati solidi per il terzo trimestre del 2024 con un EBITA di 102,9 milioni di NOK, corrispondente a un margine del 9,0%. I ricavi operativi netti sono cresciuti del 17,5% raggiungendo 1.148,4 milioni di NOK, con una crescita organica dei ricavi del 15,9%. Il trimestre è stato caratterizzato da un'elevata attività con un tasso di fatturazione del 71,2%, in aumento di 3,4 punti percentuali rispetto all'anno precedente. L'azienda ha ricevuto un pagamento di risoluzione di controversie con un cliente una tantum di 31,2 milioni di NOK. Gli ordini ricevuti ammontano a 1.277 milioni di NOK, con un portafoglio ordini di 4.838 milioni di NOK. L'utile per azione è aumentato a 2,95 NOK, rispetto ai 0,40 NOK del terzo trimestre del 2023.
Multiconsult ASA reportó sólidos resultados para el tercer trimestre de 2024 con un EBITA de 102,9 millones de NOK, lo que representa un margen del 9,0%. Los ingresos operativos netos crecieron un 17,5% alcanzando 1.148,4 millones de NOK, con un crecimiento orgánico de ingresos del 15,9%. El trimestre se caracterizó por una alta actividad con una tasa de facturación del 71,2%, un aumento de 3,4 puntos porcentuales en comparación con el año anterior. La empresa recibió un pago único de resolución de disputas con un cliente por un monto de 31,2 millones de NOK. La entrada de pedidos fue de 1.277 millones de NOK, resultando en una cartera de pedidos de 4.838 millones de NOK. Las ganancias por acción aumentaron a 2,95 NOK, en comparación con los 0,40 NOK del tercer trimestre de 2023.
Multiconsult ASA는 2024년 3분기 실적을 발표했습니다. EBITA는 10억 2900만 NOK로 9.0%의 마진을 나타냅니다. 순영업수익은 17.5% 증가하여 11억 4840만 NOK에 도달했으며, 유기적 수익 성장률은 15.9%입니다. 이번 분기에는 71.2%의 청구 비율로 높은 활동이 있었습니다. 이는 전년 대비 3.4 포인트 증가한 수치입니다. 회사는 고객 분쟁 해결을 위해 3120만 NOK의 일회성 합의금을 받았습니다. 주문 수주량은 12억 7700만 NOK로, 주문 잔고는 48억 3800만 NOK입니다. 주당 순이익은 2.95 NOK로 증가했으며, 이는 2023년 3분기 0.40 NOK에서 상승한 수치입니다.
Multiconsult ASA a annoncé de solides résultats pour le troisième trimestre 2024 avec un EBITA de 102,9 millions de NOK, représentant une marge de 9,0 %. Les revenus nets d'exploitation ont augmenté de 17,5 %, atteignant 1.148,4 millions de NOK, avec une croissance organique des revenus de 15,9 %. Le trimestre a été marqué par une forte activité, avec un taux de facturation de 71,2 %, en hausse de 3,4 points de pourcentage par rapport à l'année précédente. L'entreprise a reçu un paiement unique de règlement de 31,2 millions de NOK suite à un conflit avec un client. La prise de commandes s'est élevée à 1.277 millions de NOK, ce qui a entraîné un carnet de commandes de 4.838 millions de NOK. Le bénéfice par action a augmenté à 2,95 NOK, contre 0,40 NOK au troisième trimestre 2023.
Multiconsult ASA meldete starke Ergebnisse für das dritte Quartal 2024 mit einem EBITA von 102,9 Millionen NOK, was einer Marge von 9,0 % entspricht. Der Nettobetriebsumsatz stieg um 17,5 % auf 1.148,4 Millionen NOK, mit einem organischen Umsatzwachstum von 15,9 %. Das Quartal war durch eine hohe Aktivität geprägt, mit einer Abrechnungsquote von 71,2 %, was einem Anstieg von 3,4 Prozentpunkten im Vergleich zum Vorjahreszeitraum entspricht. Das Unternehmen erhielt eine einmalige Vergleichszahlung von 31,2 Millionen NOK aus der Beilegung eines Kundenstreits. Der Auftragseingang betrug 1.277 Millionen NOK, was zu einem Auftragsbestand von 4.838 Millionen NOK führte. Der Gewinn pro Aktie stieg auf 2,95 NOK, verglichen mit 0,40 NOK im dritten Quartal 2023.
- EBITA increased 252.3% to NOK 102.9 million
- Net operating revenues grew 17.5% to NOK 1,148.4 million
- Billing ratio improved by 3.4pp to 71.2%
- One-time settlement payment of NOK 31.2 million received
- Earnings per share grew to NOK 2.95 from NOK 0.40
- Awarded NOK 450 million framework agreement with Norwegian Defence Estates Agency
- Order backlog decreased to NOK 4,838 million from NOK 5,094 million
- Operating expenses increased 10.7% to NOK 984.7 million
Multiconsult delivered a very strong quarter, continuing the positive momentum. EBITA came in at
THIRD QUARTER 2024
- Very strong quarter, driven by robust operational performance and high activity
- Net operating revenues increased by 17.5 per cent to NOK 1 148.4 million (977.0)
- The organic revenue growth adjusted for the calendar effect was 15.9 per cent
- EBITA of
NOK 102.9 million (29.2), equal to an EBITA margin of 9.0 per cent (3.0)- Net operating revenues and EBITA impacted negatively by
NOK 6.1 million from the calendar effect compared with third quarter 2023
- Net operating revenues and EBITA impacted negatively by
- EBITA adjusted for one-offs was
NOK 71.7 million (29.2), equal to an EBITA margin of 6.4 per cent (3.0)- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
NOK 31.2 million related to a contractual dispute
- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
- Significantly improved billing ratio of 71.2 per
cent (67.8) , up 3.4pp - Order intake of NOK 1 277 million (1 349)
- Order backlog of NOK 4 838 million (5 094)
- Full-time equivalents (FTE) increased by 2.1 per cent, to 3 541 (3 469)
- Net profit of
NOK 80.2 million (9.6) - Earnings per share
NOK 2.95 (0.40) - The overall market outlook remains good and stable
YEAR TO DATE 2024
- Net operating revenues of
NOK 3 940.3 million (3 441.0), a y-o-y growth of 14.5 per cent- The organic revenue growth adjusted for the calendar effect was 12.2 per cent
- EBITA of NOK 425.4 million (301.1), equal to an EBITA margin of 10.8 per cent (8.8)
- Net operating revenues and EBITA impacted negatively by
NOK 27.2 million from the calendar effect compared with same period 2023
- Net operating revenues and EBITA impacted negatively by
- EBITA adjusted for one-offs was
NOK 394.1 million (301.1), equal to an EBITA margin of 10.1 per cent (8.8)- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
NOK 31.2 million related to a contractual dispute
- Net operating revenues and EBITA impacted by a one-time settlement payment from client of
- Order intake of NOK 4 655 million (5 495)
- Net profit of
NOK 323.7 million (203.7) - Earnings per share 11.83 (7.46)
- Full-time equivalents (FTE) increased by 6.0 per cent, to 3 540 (3 340)
EXTRACT OF COMMENTS FROM CEO, GRETHE BERGLY:
"Multiconsult delivered a very strong quarter, continuing the positive momentum. A continued high billing ratio throughout this quarter attests to the elevated activity levels across the organisation and in all business areas. We continue to achieve impressive results driven by robust operational performance and high activity levels in many of our large projects. I would like to express my gratitude to all our employees for their contributions to these results.
Three years into the strategy period, we have seen significant changes in our surroundings and macro-economic situation, which have also impacted our client base. In light of this, we have updated our strategy, and this will be presented in the Capital Markets Day presentation following the presentation of the third quarter results.
We continue to experience strong demand for our services, there are however variations in the market situation across geographical locations and business areas. With the ongoing geopolitical challenges, our strong references related to the defence sector is creating new business opportunities and we are well positioned for the increase in activities, both within the sector and to all services related to this market. It is a significant achievement that Multiconsult, at the start of November, was awarded a
Looking ahead, Multiconsult is in a strong position to handle a changing market and support our clients' needs. Our solid order backlog, focus on sustainability, and growth in key areas position us well for future opportunities. With our dedicated teams and strong foundation, I am confident we will continue to build on our success."
For a full review of comments from CEO, please refer third quarter 2024 interim report.
FINANCIAL REVIEW, THIRD QUARTER 2024:
Net operating revenues amounted to
Operating expenses consist of employee benefit expenses and other operating expenses. Operating expenses increased by 10.7 per cent to
EBITDA was
EBITA was
EBITA adjusted for one-offs was
Calendar effect: In the third quarter there was one more working day compared to the third quarter of 2023, two additional days in July and one fewer day in August 2024. This had an estimated negative impact of
FINANCIAL REVIEW, YEAR TO DATE 2024:
Net operating revenues increased by 14.5 per cent to
Operating expenses consist of employee benefit expenses and other operating expenses. Reported operating expenses increased by 12.1 per cent to
EBITDA was
EBITA was
EBITA adjusted for one-offs was
Calendar effect: As of year to date 2024, the average number of working days was the same as in the corresponding period in 2023. However, due to variations in working days within the months between the two years, there was an estimated negative impact of
OUTLOOK
The overall market outlook remains good and stable, although there are notable variations across sectors. Key markets are foreseen to maintain a positive trend, despite signs of a slowdown in specific areas. Uncertainty surrounding investment levels and political factors persists, but demand for key services - particularly related to defence, infrastructure and sustainability projects remains strong. The competitive landscape continues to evolve, with pricing and margins for architectural and engineering services remaining sensitive and variable. New opportunities are emerging, contributing to a generally favourable pipeline. The outlook supports continued stability and consistent performance.
For a full review, please refer to third quarter and year to date 2024 report.
Presentations today 6 November 2024:
Participants are invited to attend the Norwegian presentation that will be held at Hotel Continental, Stortingsgata 24/26,
Third quarter result 2024: 6. November 08:30 CET
Live Webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20241106_8/
Live webcast, complete report, presentation and a recording of the webcast will also be available on https://www.multiconsult-ir.com 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:
Gaute Christensen, VP Communications
Phone: +47 911 70 188
E-mail: gaute.christensen@multiconsult.no
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Multi-Q324-stock_market_announcement | |
https://mb.cision.com/Public/12394/4061738/aa7925973f261d49.pdf | Multi-Q324-report print |
https://mb.cision.com/Public/12394/4061738/982a61cddae91024.pdf | Multi-Q324-presentation |
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SOURCE Multiconsult
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