Update – E6 Moelven – Roterud project

Nye Veier AS has informed that the construction contract for the E6 Moelven – Roterud has been terminated due to negative cost development in the project. The contract was held with the consortium Berinor ANS (consisting of the contractors Bexix and Rizzani), and Multiconsult was subcontractor to Berinor. 

Nye Veier has informed that progress under the project is going well, and that tasks that can maintain progress in the regulatory plan work gets high priority. Furthermore, Nye Veier informs that a revised project strategy will be presented during the Autumn of 2021.

It is too early to assess the full consequences of this cancellation for Multiconsult, but it is currently expected that the order backlog may be reduced by an estimated NOK 120-140 million.

At this stage, Multiconsult expects to largely be able to replace this contract with other work over the next months.
 

For further information, please contact:

Investor relations:
     Hans-Jørgen Wibstad, CFO & EVP
     Phone: +47 916 89 661
     E-mail: hans-jorgen.wibstad@multiconsult.no

Media:
    Gaute Christensen, VP Communications
    Phone: +47 911 70 188
    E-mail: gaute.christensen@multiconsult.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.