Multiconsult ASA first quarter: Improvement in the LINK arkitektur and International segments. Positive calendar effect.
Oslo, 22 May 2017 - Multiconsult delivered a strong first quarter of EBIT of NOK 94.4 million and 11.8 per cent EBIT margin.Group net operating revenues increased 22.3 per cent to NOK 799.7 million, compared to the same quarter last year. The increase in revenues was mainly driven by higher production due to own net recruitment and acquisition of Akvator AS, aarhus arkitekterne A/S and Iterio AB. Growth in net operating revenues was further impacted by the positive calendar effect in the quarter. The billing ratio decreased to 68.4% (69.1%), with a negative effect on net operating revenues.