Norconsult ASA
NORCO
ISIN NO0013052209 / Valor 130537483
Norconsult ASA
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About company
Norconsult ASA is a prominent multidisciplinary engineering and design consultancy firm based in Norway, with a strong presence in the Nordic region. The company is recognized for its expertise in renewable energy, geosciences, and environmental engineering, providing sustainable and innovative solutions across various sectors. Norconsult's operations are deeply rooted in infrastructure development, focusing on roads, railways, metro lines, airports, and ports. With over 90 years of experience, the firm has built a reputation for delivering value to a diverse range of industrial clients. Notably, Norconsult is involved in significant projects such as the refurbishment of the Cruachan Power Station in Scotland, where it oversees the delivery of new equipment and construction work. The company continues to pursue growth in the renewable energy sector, underscoring its commitment to sustainable urban planning and design.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.01.2025):
Income Growth
In the third quarter of 2024, Norconsult ASA reported a 13 percent increase in income after external project costs, reaching NOK 1,924 million compared to NOK 1,705 million in the same quarter last year. This growth was driven by an organic growth rate of 11 percent, adjusted for calendar effects.
EBITA Margin Improvement
Norconsult ASA's adjusted EBITA for Q3 2024 was NOK 162 million, up from NOK 108 million in the previous year. The adjusted EBITA margin, accounting for calendar effects, improved to 8.6 percent from 6.4 percent in the same quarter last year.
Net Profit Decline
Despite the growth in income, Norconsult ASA's net profit for the third quarter of 2024 decreased to NOK 53 million from NOK 80 million in the same period last year. This decline was reflected in the earnings per share, which fell to NOK 0.18 from NOK 0.28.
Year-to-Date Performance
For the year-to-date period ending in Q3 2024, Norconsult ASA achieved an 8 percent growth in income after external project costs, totaling NOK 6,684 million. The adjusted EBITA margin for this period was 10.3 percent, showing stability compared to the previous year.
Market Outlook
Norconsult ASA anticipates a stable market outlook despite ongoing macroeconomic uncertainties. The company expects high activity and healthy demand from the energy sector, while observing mixed developments in industry markets and stable demand in the infrastructure market. Proactive measures are being taken to improve profitability and efficiency in response to inflation and rising costs.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1205 M
Market cap (USD)
770,073
Daily traded volume (Shares)
44.4 / 43.25
1 day high/low (USD)
52 weeks high/low (USD)
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