Multiconsult

Earnings Release • May 13, 2025

Multiconsult first quarter 2025 - a good start to the year

Multiconsult first quarter 2025 - a good start to the year

Multiconsult ASA (OSE: MULTI)

Multiconsult delivered a good first quarter, maintaining positive momentum with

strong operational performance in an overall stable market. The EBITA came in at

NOK 190.4 million (136.8), equal to an EBITA margin of 12.5 per cent (10.0).

There was high activity in most segments, and the result was positively impacted

by higher billing rates and increased capacity due to a higher number of working

days and acquisitions. Net operating revenues grew by 11.4 per cent to NOK 1

523.4 million, with organic revenue growth at 4.2 per cent, adjusted for the

calendar effect. The billing ratio was 72.1 per cent, 1.4 percentage points

lower than the comparable quarter last year. Order intake was NOK 1 696 million

resulting in an order backlog of NOK 4 749 million.

FIRST QUARTER 2025

· A good start to 2025 with strong operational performance and results

· Net operating revenues increased by 11.4 per cent to NOK 1523.4 million

(1366.9)

· The organic revenue growth adjusted for the calendar effect was 4.2 per

cent

· EBITA of NOK 190.4 million (136.8), equal to an EBITA margin of 12.5 per

cent (10.0)

· Net operating revenues and EBITA impacted positively by NOK 82.9 million

from the calendar effect compared with first quarter 2024

· Billing ratio of 72.1 per cent (73.5), down 1.4pp

· Order intake of NOK 1696 million (1847)

· Order backlog of NOK 4749 million (5086)

· Full-time equivalents (FTE) increased by 1.9 per cent, to 3620 (3550)

· Net profit of NOK 134.8 million (95.5)

· Earnings per share NOK 4.86 (3.52)

· The overall market outlook remains stable

EXTRACT OF COMMENTS FROM CEO, GRETHE BERGLY:

The first quarter of 2025 marks a good start to the year for Multiconsult. We

have achieved satisfactory growth and strong margins. Several large new

contracts are secured, and we continue to maintain a solid order backlog. I am

particularly pleased that we are expanding our project portfolio within

strategically prioritised areas such as the energy transition and defence

related projects. Our result directly reflects our employees' dedication and

skills in providing value creation for our clients.

In November last year we presented our corporate strategy to the market. The

strategy will create real value when it is translated into concrete action plans

for each segment and business area.  I have therefore started a strategy

roadshow to present the strategy, invite questions, and work with the management

teams to discuss how it can be implemented in their organisations.

With a broad market presence and a diversified growth strategy, we are well

positioned to embrace new opportunities across the Nordics and Poland. In

addition, there is strong demand for our competencies related to developing

sustainable solutions within the energy transition, the protection of nature and

biodiversity as well as safeguarding and reinforcing vulnerable infrastructure.

Sometimes, taking a step back offers the best perspective. Over the past five

years, Multiconsult has consistently delivered strong results, driven by some of

the most skilled professionals in engineering and architecture. With a highly

capable leadership team and a forward-looking strategy, we are well-positioned

for the future.

With this in mind, March felt like the right moment to announce my decision to

step down as CEO of this outstanding company. I have full confidence that the

board will find the ideal successor, and I am certain that Multiconsult will

continue to thrive-­whatever the future holds. I will continue with full

strength until my successor is in place.

For a full review of comments from CEO and report, please refer to the interim

first quarter 2025 report.

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Presentations today 13 May 2025:

Participants are invited to attend the Norwegian presentation that will be held

at Hotel Continental, Stortingsgata 24/26, Oslo, Norway at 08:30 (CEST). The

results will also be presented through a live webcast: In Norwegian at 08:30 and

in English presentation at 09:30. Participants will have the opportunity to

submit questions online throughout the webcast sessions.

The Norwegian presentation at 08:30 can be accessed at:

https://channel.royalcast.com/landingpage/hegnarmedia/20250513_3/ (https://eur03.

safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Flandi

ngpage%2Fhegnarmedia%2F20250513_3%2F&data=05%7C02%7CPal.Sverre.Jorgensen%40multic

onsult.no%7C1d71e65aff424fb51cfb08dd7663d1c4%7C81ab74788d3c47368b547f2bfd9fa20e%7

C0%7C0%7C638796893261847875%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiO

iIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdat

a=103qCMf%2FcefCnY%2BnivZH%2BM2BtbZymhiT3b307TtWNSE%3D&reserved=0)

The English presentation at 09:30 can be accessed at:

https://channel.royalcast.com/landingpage/hegnarmedia/20250513_4/ (https://eur03.

safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalcast.com%2Flandi

ngpage%2Fhegnarmedia%2F20250513_4%2F&data=05%7C02%7CPal.Sverre.Jorgensen%40multic

onsult.no%7C5ef9510a07f4423aa68d08dd76642400%7C81ab74788d3c47368b547f2bfd9fa20e%7

C0%7C0%7C638796894642998246%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiO

iIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdat

a=fPhktbejow1Pn8xvTVsxHzdSYDa8xHLPU56DwY%2BhMCo%3D&reserved=0)

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: +4740100900

E-mail: oveb.haupberg@multiconsult.no

Media:

Cato A. Mørk, Senior Communications Advisor

Phone: +47924 55 663

E-mail: caam@multiconsult.no