Multiconsult

Quarterly Report • Jan 30, 2023

Key figures - Region Oslo
Amounts in TNOK	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022
Net op. revenues	359 117	347 598	291 003	435 494	465 186	416 767	337 290
Operating expenses	315 898	303 902	268 704	379 801	367 939	367 986	306 752
EBITDA	43 219	43 696	22 299	55 692	97 246	48 782	30 538
Depreciation and amortisation	4 430	4 645	4 985	2 615	2 732	2 754	2 847
EBITA	38 789	39 050	17 314	53 077	94 515	46 028	27 691
EBITA %	10.8 %	11.2 %	5.9 %	12.2 %	20.3 %	11.0 %	8.2 %
Order intake	543 828	339 468	169 724	477 011	446 293	468 348	358 929
Order Backlog	1 624 970	1 555 775	1 373 331	1 373 359	1 376 139	1 367 057	1 330 213
Billing ratio	71.2 %	72.7 %	67.3 %	70.4 %	72.5 %	72.9 %	69.6 %
Employees	915	897	1 093	1 081	1 060	1 053	1 072

Key figures - Region Norway

Amounts in TNOK	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022
Net op. revenues	404 705	412 878	321 543	424 313	470 524	423 116	371 994
Operating expenses	334 333	326 827	270 745	360 309	390 972	390 535	320 018
EBITDA	70 372	86 051	50 798	64 003	79 552	32 581	51 976
Depreciation and amortisation	22 519	22 170	22 510	21 906	6 595	7 056	7 017
EBITA	47 853	63 881	28 289	42 098	72 957	25 524	44 959
EBITA %	11.8 %	15.5 %	8.8 %	9.9 %	15.5 %	6.0 %	12.1 %
Order intake	468 403	443 110	357 163	428 874	765 821	447 606	334 222
Order Backlog	699 206	699 742	710 364	677 912	947 701	926 442	848 172
Billing ratio	69.3 %	70.5 %	67.2 %	69.0 %	69.4 %	71.6 %	68.7 %
Employees	1 071	1 077	1 132	1 144	1 143	1 149	1 173

Key figures - LINK Arkitektur

Amounts in TNOK	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022
Net op. revenues	152 622	156 505	111 246	144 080	143 912	145 193	114 461
Operating expenses	141 768	140 148	108 183	133 945	133 476	141 056	113 190
EBITDA	10 854	16 357	3 064	10 135	10 436	4 137	1 271
Depreciation and amortisation	5 378	5 437	5 426	5 415	5 763	5 623	5 682
EBITA	5 476	10 921	-2 363	4 720	4 673	-1 486	-4 410
EBITA %	3.6 %	7.0 %	-2.1 %	3.3 %	3.2 %	-1.0 %	-3.9 %
Order intake	171 844	156 918	107 487	195 008	155 650	205 881	173 877
Order Backlog	621 723	594 327	566 489	595 093	589 354	625 071	664 047
Billing ratio	74.9 %	75.1 %	72.2 %	72.8 %	72.5 %	71.1 %	68.4 %
Employees	482	483	478	469	471	478	496

Key figures - International

Amounts in TNOK	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022
Net op. revenues	61 456	62 198	53 765	65 843	63 938	66 530	56 290
Operating expenses	52 362	50 916	45 083	55 568	54 464	56 688	48 197
EBITDA	9 094	11 282	8 682	10 275	9 474	9 842	8 093
Depreciation and amortisation	4 019	3 919	3 913	3 738	3 744	3 857	3 860
EBITA	5 075	7 363	4 769	6 537	5 730	5 985	4 232
EBITA %	8.3 %	11.8 %	8.9 %	9.9 %	9.0 %	9.0 %	7.5 %
Order intake	196 837	140 508	114 872	40 900	99 566	101 892	78 272
Order Backlog	689 110	738 354	769 338	699 474	700 075	701 661	683 625
Billing ratio	76.2 %	74.5 %	66.5 %	75.7 %	76.9 %	74.7 %	67.3 %
Employees	330	341	351	374	429	425	425

Key figures - Not allocated

Amounts in TNOK	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022
Net op. revenues	3 818	8 979	-5 572	-246	-2 855	-1 789	-2 037
Operating expenses	-9 263	4 028	-14 830	7 067	-25 593	-32 081	-28 849
EBITDA	13 081	4 951	9 258	-7 313	22 738	30 292	26 811
Depreciation and amortisation	11 844	11 640	10 958	10 960	31 532	31 485	31 490
EBITA	1 237	-6 688	-1 700	-18 272	-8 794	-1 193	-4 679
Employees	128	129	129	133	143	144	144

Key figures - Region Oslo
Amounts in TNOK	YTD Q1 2021	H1 2021	YTD Q3 2021	FY 2021	YTD Q1 2022	H1 2022	YTD Q3 2022
Net op. revenues	359 117	706 715	997 718	1 433 211	465 186	881 953	1 219 243
Operating expenses	315 898	619 800	888 504	1 268 305	367 939	735 925	1 042 677
EBITDA	43 219	86 915	109 214	164 906	97 246	146 028	176 566
Depreciation and amortisation	4 430	9 076	14 061	16 676	2 732	5 485	8 332
EBITA	38 789	77 839	95 153	148 230	94 515	140 543	168 234
EBITA %	10.8 %	11.0 %	9.5 %	10.3 %	20.3 %	15.9 %	13.8 %
Order intake	543 828	883 295	1 053 019	1 530 031	446 293	914 642	1 273 571
Order Backlog	1 624 970	1 555 775	1 373 331	1 373 359	1 376 139	1 367 057	1 330 213
Billing ratio	71.2 %	72.0 %	70.4 %	70.4 %	72.5 %	72.7 %	71.8 %
Employees	915	897	1 093	1 081	1 060	1 053	1 072

Key figures - Region Norway

Amounts in TNOK	YTD Q1 2021	H1 2021	YTD Q3 2021	FY 2021	YTD Q1 2022	H1 2022	YTD Q3 2022
Net op. revenues	404 705	817 583	1 139 127	1 563 439	470 524	893 640	1 265 634
Operating expenses	334 333	661 160	931 905	1 292 215	390 972	781 507	1 101 525
EBITDA	70 372	156 423	207 221	271 225	79 552	112 133	164 109
Depreciation and amortisation	22 519	44 690	67 199	89 105	6 595	13 651	20 668
EBITA	47 853	111 733	140 022	182 120	72 957	98 482	143 441
EBITA %	11.8 %	13.7 %	12.3 %	11.6 %	15.5 %	11.0 %	11.3 %
Order intake	468 403	911 513	1 268 676	1 697 550	765 821	1 213 427	1 547 649
Order Backlog	699 206	699 742	710 364	677 912	947 701	926 442	848 172
Billing ratio	69.3 %	69.9 %	69.3 %	69.2 %	69.4 %	70.4 %	69.9 %
Employees	1 071	1 077	1 132	1 144	1 143	1 149	1 173

Key figures - LINK Arkitektur

Amounts in TNOK	YTD Q1 2021	H1 2021	YTD Q3 2021	FY 2021	YTD Q1 2022	H1 2022	YTD Q3 2022
Net op. revenues	152 622	309 128	420 374	564 454	143 912	289 105	403 567
Operating expenses	141 768	281 916	390 099	524 044	133 476	274 532	387 722
EBITDA	10 854	27 212	30 275	40 410	10 436	14 573	15 844
Depreciation and amortisation	5 378	10 815	16 241	21 657	5 763	11 386	17 068
EBITA	5 476	16 396	14 034	18 753	4 673	3 186	-1 224
EBITA %	3.6 %	5.3 %	3.3 %	3.3 %	3.2 %	1.1 %	-0.3 %
Order intake	171 844	328 761	436 249	631 257	155 650	361 531	535 408
Order Backlog	621 723	594 327	566 489	595 093	589 354	625 071	664 047
Billing ratio	74.9 %	75.0 %	74.3 %	73.9 %	72.5 %	71.8 %	70.8 %
Employees	482	483	478	469	471	478	496

Key figures - International

Amounts in TNOK	YTD Q1 2021	H1 2021	YTD Q3 2021	FY 2021	YTD Q1 2022	H1 2022	YTD Q3 2022
Net op. revenues	61 456	123 654	177 418	243 261	63 938	130 468	186 757
Operating expenses	52 362	103 277	148 360	203 929	54 464	111 151	159 348
EBITDA	9 094	20 376	29 058	39 333	9 474	19 316	27 409
Depreciation and amortisation	4 019	7 938	11 851	15 589	3 744	7 601	11 462
EBITA	5 075	12 438	17 207	23 743	5 730	11 715	15 947
EBITA %	8.3 %	10.1 %	9.7 %	9.8 %	9.0 %	9.0 %	8.5 %
Order intake	196 837	337 345	452 216	493 116	99 566	201 458	279 730
Order Backlog	689 110	738 354	769 338	699 474	700 075	701 661	683 625
Billing ratio	76.2 %	75.3 %	72.3 %	73.3 %	76.9 %	75.8 %	72.8 %
Employees	330	341	351	374	429	425	425

Key figures - Not allocated

Amounts in TNOK	YTD Q1 2021	H1 2021	YTD Q3 2021	FY 2021	YTD Q1 2022	H1 2022	YTD Q3 2022
Net op. revenues	3 818	12 797	7 225	6 979	-2 855	-4 644	-6 681
Operating expenses	-9 263	-5 235	-20 065	-12 999	-25 593	-57 674	-86 523
EBITDA	13 081	18 032	27 290	19 977	22 738	53 030	79 842
Depreciation and amortisation	11 844	23 483	34 441	45 401	31 532	63 018	94 508
EBITA	1 237	-5 451	-7 151	-25 424	-8 794	-9 988	-14 666
Employees	128	129	129	133	143	144	144