Multiconsult ASA fourth quarter and full year 2017
Multiconsult delivered strong revenue growth in the fourth quarter and for the year, mainly driven by acquisitions. EBIT for the fourth quarter was negative NOK 2.7 million, impacted by challenging project execution. Improved results from LINK arkitektur in the quarter impacted earnings positively. Full year 2017 EBIT was NOK 118.0 million. Comprehensive integration and onboarding of Hjellnes group is on track. Profitability improvement program is launched to improve margins.Oslo, 28 February 2017 - Fourth quarter net operating revenues for the Multiconsult group increased by 21.1 per cent