Multiconsult

Earnings Release • Oct 12, 2016

Multiconsult positioned for new growth opportunities

Multiconsult positioned for new growth opportunities

Today, Multiconsult presents its update to the capital markets, announcing a

step-up in its growth strategy towards 2020. The updated ambitions for 2020

represent a growth to NOK 6 billion in revenue while maintaining a 10% EBIT

margin over the cycle. A balance between acquisitions and organic growth will be

supported by a robust financial capacity to drive the growth.

Multiconsult has delivered strong growth and become an engineering and

architectural powerhouse with a flexible business model and strong and long

-standing customer relationships. The company has a proven track record of

developing and growing the business. The IPO in May 2015 was an important step

towards enabling the company for future growth. Multiconsult is on track to

deliver on the 3-2-1 strategy ambitions for 2017, presented at the IPO in 2015.

Today, the company presents updated ambitions and key strategic priorities

towards 2020.

The updated strategy is focusing on six key priorities:

· Develop a multidisciplinary business in Sweden

· Stepwise international build-up in renewable energy

· Establish a leading position within health buildings in Scandinavia

· Capture a leading position within urbanism in Scandinavia

· Scandinavian market leader in digitalisation

· One Multiconsult - Stronger organisation built by a shared, distinct culture

"I am pleased to see that we are on track to deliver on the profitable growth

ambitions for 2017. We are now in a position to exploit growth opportunities

outside Norway. I believe that we possess the right tools to expand

internationally and we are stepping up and intensifying our ambitions", says CEO

of Multiconsult, Christian Nørgaard Madsen.

An expansion of the multidisciplinary business in Sweden will primarily be

realised by acquisitions. Multiconsult will leverage on the similarity in

engineering standards and customer demand between Norway, which is the home

market, and Sweden. LINK arkitektur's strong presence in Sweden will be an

advantage and solidify the expansion further.

A stepwise build-up of renewable energy will mostly be realised through

acquisitions with focus in South-East Asia and East Africa. Multiconsult will

leverage on its long history and hydropower expertise since 1908.

The company will take advantage of the growing market and significant

investments within health buildings in Scandinavia and combine architectural and

engineering efforts to succeed capturing a leading position.

Multiconsult is already in the urbanism market with its "Urban LINK" initiative

and will utilise the combined efforts of architects, engineers and analysis to

succeed capturing a leading position in Urbanism in Scandinavia.

Within digitalisation, Multiconsult will focus on the growing customer demand

for increased efficiency through innovative solutions and become a market

leader.

The organic growth will come from continued strengthening of expertise in the

Multidisciplinary business in Norway, especially within Buildings & Properties

and Transportation & Infrastructure.

The ability to realize the growth and profitability ambitions rests on the

operational excellence in sales processes, project execution and client

relations. "One Multiconsult" is an internal strategic project with the

intention to strengthen the organisation and build a shared, distinct and

enabling corporate culture.

Multiconsult comes from a period with strong financial performance. In order to

secure a robust financial capacity to realise intensified growth, Multiconsult

has expanded the financial policy, which now allows the company to include long

-term debt of 1.5 times the NIBD/EBITDA (Net interest bearing debt/Earnings

before interest tax depreciation and amortisation).

The accelerated growth strategy will not affect the current dividend policy,

which implies a dividend  ambition equaling  50% of net income.

For further information, please contact:

Investor relations:

Mirza Koristovic, Head of Investor Relations

Phone: +47 93 87 05 25

E-mail: ir@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

ABOUT MULTICONSULT ASA

Multiconsult is a leading Norwegian multidisciplinary engineering consulting

company, with more than 2 200 employees and 45 offices in Norway and abroad. The

Company focuses on seven market areas: Buildings & Properties, Transport &

Infrastructure, Energy, Oil & Gas, Industry, Environment & Natural resources and

Architecture. The Company has an operating history that spans more than a

century, with the inception of Norsk Vandbygningskontor in 1908. In 2015

Multiconsult completed more than 9 000 projects for approx. 4 000 different

customers.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.