Multiconsult Reports Steady Q3 2025 Results Amid Rising Market Challenges

Multiconsult's Third Quarter 2025 Overview

Multiconsult ASA, listed on the Oslo Stock Exchange as MULTI, has reported its financial performance for the third quarter of 2025, showcasing stability amidst a challenging market landscape marked by increasing operational costs and heightened competition.

Strong Performance Metrics

In the third quarter, Multiconsult achieved net operating revenues of NOK 1,196.4 million, reflecting a growth of 4.2% compared to NOK 1,148.4 million in the same period last year. Adjustments for one-off payments and calendar effects indicated an organic revenue growth rate of 6.7%. The Earnings Before Interest, Taxes, and Amortization (EBITA) adjusted for the quarter reached NOK 62.1 million, corresponding to a margin of 5.2%, a slight decline from the previous year's margin of 6.4%.

CEO Grethe Bergly noted that the quarter’s results underline a complex scenario with overall performance falling slightly below expectations. The decline in EBITA margin can partially be attributed to a one-time settlement of NOK 31.2 million from the previous year that bolstered last year's results. The current EBITA decrease is thus reflective of the adjustments made for comparability.

Market Dynamics and Challenges

Despite the high activity levels across most operational segments, there are growing uncertainties impacting future results. The initiation of larger framework agreements is slower than anticipated, and increasing market competition is exerting pressure on margins. While billing rates have seen an uptick, they are still lagging behind salary increases and other rising costs, leading to a billing ratio of 70.1%, down by 1.1 percentage points from the comparable quarter in 2024.

The order intake for the quarter was NOK 1,205 million, contributing to an order backlog of NOK 4,316 million. Furthermore, the company's workforce increased by 5.8%, totaling 3,744 full-time equivalents (FTEs) as it positions itself to handle future demands effectively.

Strategic Initiatives Moving Forward

Looking ahead, Multiconsult aims to tackle these competitive pressures with a renewed focus on strategic initiatives to bolster its billing ratios, cut unnecessary costs, and regain momentum. CEO Grethe Bergly expressed confidence in the robustness of their service demand, aided by new framework agreements and assignments strategically aligned with Multiconsult's future trajectory.

They recently signed a share purchase agreement for the ViaNova group, signaling plans for expansion and new opportunities. Bergly emphasized that the company's dedicated workforce of over 4,000 skilled professionals is crucial for driving the firm's strategic ambitions.

Conclusion

Overall, Multiconsult is navigating a challenging but stable market environment, and its performance in the third quarter of 2025 reflects both resilience and the need for strategic recalibrations. The company's commitment to leveraging its strengths while adapting to market dynamics is evident in its proactive measures and ongoing initiatives. For those invested in the firm, the upcoming results presentation and detailed reports will provide deeper insights into their strategic roadmap and future prospects.

For a comprehensive review of the CEO's comments along with detailed financials, a full report is available via Multiconsult Group's Investor Relations.