Multiconsult ASA profit warning
Multiconsult ASA expects to report a small negative EBIT for the fourth quarter 2017. The main reason is challenging project execution in the Greater Oslo Area and Regions Norway segments, resulting in net write-downs of approximately NOK 20 million in the quarter. These project write-downs relate to many individual projects.In 2017 as a whole, project execution has improved compared to 2016. However, project execution in the fourth quarter 2017 was particularly challenging, affecting the results for the quarter negatively. As in previous quarters in 2017, low billing ratio and high