Norconsult ASA: Q1 2024 - Growth and underlying stable profitability
Sandvika, 14 May 2024 (OSE: NORCO): The first quarter was significantly affected by an Easter holiday calendar effect of five less working days compared to the first quarter of 2023, which negatively impacted income after external project costs and adjusted EBITA of NOK 178 million. Adjusted for calendar effect, income after external project costs increased with 8 percent, where the organic growth adjusted for calendar was 6 percent. Adjusted EBITA margin was 15.9 percent for the quarter adjusted for calendar effects (16.2). Highlights Q1 2024 · Income after external project costs