Multiconsult

Regulatory Filings • Nov 7, 2019

Corrected attachment: Multiconsult to present its strategy and the nextLEVEL improvement programme at the Capital Markets Day

Corrected attachment: Multiconsult to present its strategy and the nextLEVEL improvement programme at the Capital Markets Day

Multiconsult will today host its Capital Markets Day and will present an update

on its strategic direction and introduce its "nextLEVEL" profitability

improvement programme, as well as new financial targets.

Multiconsult is one of the leading firms of consulting engineers, architects and

designers in Norway. With roots going back to 1908, the company has played an

important role in Norway's development and economic growth. With 3 000 highly

skilled employees, the company is able to provide a full range of services

including multidisciplinary consulting and design, project management,

verification, inspection, supervision and architecture - both in Norway and

internationally. In recent years, there have been significant changes in the

company, and today the company will present an update of its strategic direction

and targets.

Mega-trends such as sustainability, digitalisation, urbanisation and dynamic

value chains are providing significant opportunities to Multiconsult. These mega

-trends are high on the agenda and key drivers for Multiconsult's strategic

direction.

In recent years, the company has experienced weakening margins and Multiconsult

is today launching the nextLEVEL improvement programme - focusing on cost

reductions and operational improvements. nextLEVEL has a target of annual

improvement of NOK 150 million expecting a full year effect within 18 months.

Multiconsult is also introducing new financial targets related to, among others,

revenue growth and profitability. The revenue growth target is a 10% CAGR from

2020 - 2025, including acquisitions. The profitability target is an initial EBIT

margin of 8% and a long-term EBIT margin of 10%. The dividend policy remains

unchanged at 50% of net profit.

"Since my appointment as CEO in March this year, I have concentrated on getting

a clear picture of the current situation in the company and the opportunities

ahead. Our services are highly valued across the whole value chain providing our

customers with state-of-the-art and sustainable solutions. At the same time, we

need to take action to improve our financial performance to a sustainable level.

I strongly believe that nextLEVEL is the answer to this challenge. Together with

a highly motived management team and employees, I am excited to lead this

development going forward", says Grethe Bergly, CEO of Multiconsult ASA.

A presentation of the third quarter 2019 results followed by Capital Markets Day

will be held today, 7 November, in English at 09:00 CET at Felix Conference

Centre, Bryggetorget 3, Oslo. The third quarter 2019 results will be presented

by CEO Grethe Bergly and CFO Hans-Jørgen Wibstad.

A live webcast from the presentation can be accessed at www.multiconsult-ir.com

and https://webtv.hegnar.no/presentation.php?webcastId=98164411.

For further information, please contact:

Investor relations:

Mirza Koristovic, Head of Investor Relations and Finance

Phone: +47 938 70 525

E-mail: ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no