First quarter holds significant calendar effects due to Easter being in April this year, resulting in three working days more compared with the first quarter of 2024 affecting the reported figures positively.
Norconsult's EBITA ended at NOK 335 million in the first quarter of 2025, up from NOK 227 million in the same period in 2024, while the EBITA margin ended at 12.7 percent. EBITA margin, considering calendar effects compared to the corresponding period in 2024, ended at 8.5 percent for the quarter.
“Our profitability adjusted for calendar effects was lower than the corresponding quarter last year, affected by a lower billing ratio and more vacation days taken in January in connection with New Year this year. We have taken and continue to take measures to improve our profitability and maintain efficiency, including adjusted manning and cost reductions in some of our segments. Norconsult’s diversified service portfolio and broad exposure across the Nordics provide us with considerable flexibility, which helps us reallocate capacity to markets with stronger demand. Furthermore, the majority of our business is with the public sector which mitigates our exposure to interest rates and commodity prices.
We are pleased with the development of our orderbook, which ended at NOK 7 billion in the first quarter of 2025, up from NOK 6.4 billion at year-end,” says Egil Hogna, CEO of Norconsult.
Read the full stock exchange release here: investor.Norconsult.com
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For further information, please contact:
Investors: Christian Salbu Aasland, SVP Investor Relations & Business Intelligence, IR@norconsult.com
Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com
About Norconsult
Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult's delivery model is centred around knowledge hubs and local presence through approximately 6,600 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.