Multiconsult ASA (OSE: MULTI) - Continue to deliver solid results
Multiconsult had a good start to 2021. EBIT for the first quarter came in at NOK 98.5 million, equal to an EBIT margin of 10.1 per cent. The result is impacted positively by higher billing ratio, solid project execution and reduced operating expenses. There are four less working days compared to first quarter 2020, with an estimated negative effect on EBIT of NOK 56.4 million. The nextLEVEL improvement programme is successfully completed with a committed annual effect of approximately NOK 174 million. The order intake was strong at NOK 1 381 million giving a record high order backlog of NOK 3