Norconsult ASA

Norconsult ASA

37.60
NOK
+0.25
(+0.67%)
1.91EPS
18.91P/E
11.27BMarket Cap
Nov 03Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.29
24.57
26.21
29.85
34.02
36.05
37.35
41.08
Basic EPS, GAAP
1.18
1.06
1.21
1.61
1.84
1.72
2.13
1.9
Free Cash Flow per Basic Share
1.58
2.32
3.01
2.98
2.99
4.79
3.29
5.18
Dividend per Share
0.63
0.71
0.87
0.9
3.09
1.19
1.68
3.47
Book Value per Share
5.96
- -
7.38
7.9
7.23
8.4
10.04
9.4
Tangible Book Value per Share
3.12
-2.3
4.58
4.35
3.45
4.46
-0.24
-0.62
Basic Weighted Avg Shares
282
282
282
282
281
289
305
308
Sales/Revenue/Turnover
6,289
6,932
7,395
8,423
9,567
10,414
11,399
12,664
Operating Margin (%)
7.33
6.32
8.61
7.44
7.02
5.42
7.55
6.46
Depreciation Expense
160
235
359
404
459
489
552
600
Net Income, GAAP
333
298
342
454
516
496
651
587
Effective Tax Rate (%)
27.29
30.51
28.81
25.82
23.44
12.17
23.18
22.27
Profit Margin (%)
5.29
4.3
4.62
5.39
5.39
4.76
5.71
4.64
Working Capital
789
-984
939
849
513
926
558
-60
LT Debt
6
1,537
1,374
1,268
1,265
1,266
2,355
1,883
Total Equity
1,689
8
2,090
2,256
2,065
2,532
3,114
2,943
Return on Invested Capital (%)
- -
16.42
15.59
11.95
13.31
12.5
12.53
12.59
Return on Capital (%)
- -
17.3
13.23
12.63
14.6
13.68
13.74
13.93
Return on Common Equity (%)
- -
35.44
32.84
20.93
23.88
21.58
23.06
20.47

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
657
669
584
LT Borrowings
1,095
956
627
LT Finance Leases
1,260
1,345
1,256
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
310
310
313
Market Capitalization
14,243
12,753
11,268

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,318
4,444
3,630
Cash, Cash Equivalents & STI
1,552
1,415
535
Accounts Receivable, Net
1,987
1,768
1,896
Inventories
- -
- -
- -
Total Current Liabilities
3,760
3,863
3,690
Payables & Accruals
- -
- -
- -
ST Debt
657
669
584
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
5,214.02%
22.99%
Free Cash Flow
- -
13.17%
-27.48%
Net Income, GAAP
- -
17.72%
31.25%
Sales/Revenue/Turnover
- -
10.49%
9.46%
Total Cash Common Dividend
- -
51.42%
49.27%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,631
2,710
2,196
2,877
10,414
2025
2,943
2,783
- -
3,206
11,399
2026
3,420
3,255
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.36
0.49
0.18
0.68
1.72
2025
0.85
0.37
- -
0.48
2.13
2026
0.62
0.42
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.2
- -
- -
1.19
2025
- -
1.7
- -
- -
1.68
2026
- -
1.8
- -
- -
- -

Company Description

CEO
Egil Olav Hogna
Full Time Employees
7,051
Sector
Industrial services
Industry
Engineering & construction
Address
Vestfjordgaten 4 Sandvika AK Norway 1338
IPO Date
Nov 10, 2023
Business
Norconsult ASA is a leading pan-Nordic interdisciplinary consulting firm that provides engineering, architecture, and digital expertise for projects across infrastructure, energy, industry, buildings, and urban development. The company offers comprehensive consultancy services in all project phases, from early feasibility studies and concept development through planning, engineering design, construction execution, and operational monitoring; core areas of expertise include architecture; building and property development for residential, office, industrial, healthcare, educational, sports, cultural, laboratory, and public safety facilities; digitalisation and artificial intelligence solutions; geosciences and environmental engineering; renewable energy and hydropower; technical safety; society and urban planning; transport infrastructure such as roads, railways, and airports; water and sewage systems; and industrial project management including FEED, EPCM, and facility upgrades. Norconsult serves public and private clients, with a delivery model centered on knowledge hubs and local presence through approximately 7,000 employees across more than 140 offices in Norway, Sweden, Denmark, Finland, Iceland, Poland, and select locations in Asia-Pacific and Africa. Founded in 1929 and headquartered in Sandvika, Norway, the company operates primarily in the Nordics while pursuing international projects. Recent developments include the August 2025 completion of its largest acquisition to date, the Aas-Jakobsen Group, enhancing capabilities in complex infrastructure and bridge design; the December 2024 announcement to acquire Sigma Civil AB in Sweden, a specialist in water, traffic, and infrastructure consulting with expected closure in Q1 2025; and the November 2025 agreement to acquire Metier Group AS for NOK 480 million enterprise value, bolstering project management, early-phase consulting, digital services, and educational programs with closure anticipated in December 2025; additionally, Norconsult secured major hydropower contracts, including detail design for Norsk Hydro's Illvatn pumped storage project and follow-up work on Drax's Cruachan Power Station refurbishment in Scotland.