Multiconsult

Earnings Release • May 10, 2016

Multiconsult first quarter 2016 results

Multiconsult first quarter 2016 results

Oslo, 10 May 2016 - Group net operating revenues increased 18.0 per cent to NOK

653.9 million, compared to the same quarter last year. The increase in revenues

was mainly driven by NOK 89.5 million from LINK arkitektur AS, higher activity

within Buildings & Properties and Transportation & Infrastructure, and improved

billing ratio to 69.1 per cent. A significant calendar effect and lower activity

within Oil & Gas partly offset the growth in revenues this quarter.

Oslo, 10 May 2016 - Group net operating revenues increased 18.0 per cent to NOK

653.9 million, compared to the same quarter last year. The increase in revenues

was mainly driven by NOK 89.5 million from LINK arkitektur AS, higher activity

within Buildings & Properties and Transportation & Infrastructure, and improved

billing ratio to 69.1 per cent. A significant calendar effect and lower activity

within Oil & Gas partly offset the growth in revenues this quarter.

EBITDA for the quarter was NOK 58.3 million, a reduction of 31.4 per cent

compared to the same period last year. A calendar effect with the loss of three

working days due to the Easter holiday falling in the first quarter this year is

the main reason for the reduction.

"I am very pleased to see the continued improvement in the billing ratio. Even

with the significant calendar effect this quarter, it is very clear that the

underlying business continues to deliver at a satisfactory level", says CEO of

Multiconsult ASA Christian Nørgaard Madsen.

The order backlog at the end of fourth quarter remained strong and was NOK 1

744.7 million, an increase of 7.7 per cent year on year. Multiconsult's strong

market position was confirmed with order intake within all business areas. There

were extensions of existing contracts such as Hydro Karmøy Pilot Plant, Campus

Ås and Kampflybasen in Norway as well as Mt Coffee in Liberia. New contracts

awarded during the quarter include new hospital in Helsingborg in Sweden and

Årum bridge in Norway among other.

As of 31 March 2016, total assets amounted to NOK 1 244.7 million and total

equity of NOK 331.5 million. The group had cash and cash equivalents of NOK

122.7 million, while net interest bearing debt was negative NOK 114.4 million,

i.e. an asset.

The overall market outlook remains fairly robust. Strong outlook is expected

within Transportation & Infrastructure on both road and rail, while demand from

the oil and gas industry is likely to continue to remain at a low level due to

lower oil prices and investment activity on the Norwegian continental shelf. The

weak NOK is contributing to a better competitive position for Norwegian exports

and industry projects.

Multiconsult's strong market position, flexible business model and wide service

offering provides a sound base for further growth.

A presentation of the first quarter 2016 results will be held today, 10 May, at

09:00 CET at Hotel Continental, Stortingsgaten 24/26, Oslo. The presentation

will be held by CEO Christian Nørgaard Madsen and CFO Anne Harris.

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

and http://webtv.hegnar.no/presentation.php?webcastId=33170504 .

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 2 100 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.