Multiconsult ASA

Multiconsult ASA

131.10
NOK
-3.90
(-2.89%)
10.12EPS
14.94P/E
4.19BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
778.42
86.32
97.56
113.1
127.82
144.92
150.93
155.44
158.22
177.73
204.52
230.38
241.53
257.15
Basic EPS, GAAP
63.35
6.35
5.73
8.15
3.01
2.36
1.3
9.25
8.67
11.06
11.56
15.11
9.22
10.17
Free Cash Flow per Basic Share
50.31
5.7
7.87
3.44
2.5
8.16
9.21
24.79
15.39
18.93
11.72
20.89
6.28
26.27
Dividend per Share
13.5
1.74
10.53
2.9
2.98
1.5
1.5
1.99
7.96
6
8.99
8.02
10.1
15.11
Book Value per Share
162.32
159.97
13.35
19.34
21.58
21.99
21.56
28.73
31.03
36.08
37.44
44.74
43.07
44.48
Tangible Book Value per Share
134.71
130.18
6.4
10
4.17
4.3
4.04
11.07
-0.79
1.61
-2.29
2.15
-11.03
-9.34
Basic Weighted Avg Shares
3
26
26
26
26
27
27
27
27
27
28
28
27
27
Sales/Revenue/Turnover
2,042
2,266
2,555
2,968
3,375
3,909
4,069
4,186
4,285
4,868
5,626
6,349
6,625
7,061
Operating Margin (%)
11.25
9.4
6.88
9.71
3.52
2.49
2.66
9.83
8.14
8.33
7.2
8.16
5.89
5.71
Depreciation Expense
41
35
38
43
47
50
193
198
194
207
240
249
257
265
Net Income, GAAP
166
167
150
214
80
64
35
249
235
303
318
416
253
279
Effective Tax Rate (%)
27.59
26.76
24.13
25.71
26.15
29.45
34.29
24.33
24.58
21.71
19.95
19.63
23.08
22.78
Profit Margin (%)
8.14
7.36
5.88
7.2
2.36
1.63
0.86
5.95
5.48
6.22
5.65
6.56
3.82
3.96
Working Capital
306
390
191
217
193
144
-156
83
-71
-232
107
-43
193
247
LT Debt
9
7
7
56
195
175
790
733
871
571
1,054
757
1,253
1,235
Total Equity
426
420
350
508
582
593
581
774
850
992
1,080
1,279
1,229
1,268
Return on Invested Capital (%)
36.55
32.97
30.43
43.7
11.96
8.28
5.61
16.59
14.49
16.77
15.35
17.39
11.59
11.41
Return on Capital (%)
42.02
38.87
39.02
47.06
11.88
8.68
5.44
16.9
14.98
18.61
17.96
20.67
12.16
13.82
Return on Common Equity (%)
42.26
39.42
38.98
49.85
14.6
10.82
5.98
36.78
28.9
32.89
31.38
36.67
20.88
21.68

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
286
206
270
LT Borrowings
870
870
870
LT Finance Leases
383
376
366
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
28
Market Capitalization
4,850
4,451
4,190

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,905
1,890
1,887
Cash, Cash Equivalents & STI
101
126
98
Accounts Receivable, Net
1,259
1,010
1,107
Inventories
337
469
468
Total Current Liabilities
1,712
1,595
1,641
Payables & Accruals
- -
- -
- -
ST Debt
286
206
270
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.25%
9.99%
-3.91%
Free Cash Flow
28.98%
-8.5%
-70.1%
Net Income, GAAP
54.45%
3.99%
-39.26%
Sales/Revenue/Turnover
10.14%
9.75%
4.34%
Total Cash Common Dividend
25.82%
68.63%
25.28%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,592
1,679
1,348
1,730
6,349
2025
1,748
1,663
- -
1,797
6,625
2026
1,848
1,752
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.52
5.36
2.95
3.28
15.11
2025
4.86
1.45
- -
1.48
9.22
2026
3.99
3.23
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
8
- -
- -
8.02
2025
- -
10.06
- -
- -
10.1
2026
- -
5
- -
- -
- -

Company Description

CEO
Kristin Augestad
Full Time Employees
3,731
Sector
Industrial services
Industry
Engineering & construction
Address
Nedre Skøyen vei 2 Oslo PS Norway 0276
IPO Date
May 22, 2015
Business
Multiconsult ASA is a Norway-based multidisciplinary engineering and consultancy firm specializing in engineering design, consultancy, and architecture services. The company offers core services that include multidisciplinary consultancy, design, planning, project supervision, project management, geotechnical site surveys, verification, and controls. Its main market areas are Buildings and Properties; Mobility and Transportation; Energy and Industry; Water and Environment; and Ground Investigations, serving both public and private sector clients. The firm operates through subsidiaries and offices predominantly in Norway, with additional engineering services in Sweden and Poland, and architecture services across Scandinavian countries. Founded in 1908, Multiconsult is headquartered in Oslo, Norway. In terms of recent company developments, Multiconsult has strategically expanded its service portfolio and geographic footprint through acquisitions such as the purchase of ViaNova, enhancing its engineering consultancy capabilities and innovation potential. The company also refinanced its credit facilities in 2025, increasing its revolving credit facility to NOK 2.1 billion to support general corporate purposes, acquisitions, and working capital, strengthening its liquidity position. Operationally, the company adjusted its executive management and organizational structure effective October 2025 and initiated a strategic share buyback program to repurchase up to 1 million shares valued at NOK 230 million. Despite a competitive market with margin pressures, Multiconsult delivered stable performance supported by high demand in key segments, and it is focused on improved billing ratios and cost management going forward. Multiconsult's industry segments encompass engineering consulting services across infrastructure, energy, industry, and environmental sectors. Its business model targets infrastructure developers, energy companies, public sector entities, and private enterprises requiring integrated engineering and architectural solutions. The group includes the LINK Arkitektur subgroup, providing integrated architecture and engineering services. The company maintains a strong presence in Norway, with growing operations in the Nordic region and broader international markets, driven by its long-standing expertise and multidisciplinary approach. Multiconsult is listed on the Oslo Stock Exchange under the ticker MULTI.OL. This profile encapsulates Multiconsult ASA as a comprehensive engineering and consultancy service provider with strong Nordic roots, ongoing strategic growth initiatives including acquisitions and capital structure optimization, and a broad service offering tailored to multiple infrastructure and industry sectors in Northern Europe and beyond. The company’s continued focus on sales, project execution, and innovation positions it well to meet future demand and competitive challenges in the engineering consultancy market.

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