Multiconsult ASA: A Moderate Quarter with Strategic Moves

In the ever-evolving landscape of professional services, Multiconsult ASA, a key player in the Industrials sector, has recently navigated a moderate second quarter in 2025. Based in Oslo, Norway, the company is known for its comprehensive suite of services, including consultancy, design, project management, and environmental services, catering to diverse sectors such as oil and gas, renewable energy, and rail transport.

As of August 19, 2025, Multiconsult ASA is set to release its quarterly financial results, with analysts projecting a notable shift in performance metrics. The company is expected to report a profit per share of 2.45 NOK, a decrease from 5.36 NOK in the same quarter of the previous year. This anticipated decline is mirrored in the revenue figures, with a projected total of 1.42 billion NOK, marking a 15.41% drop from the 1.68 billion NOK recorded in the prior year’s quarter.

Despite these challenges, Multiconsult has demonstrated resilience through strategic maneuvers, particularly in the realm of mergers and acquisitions (M&A). The second quarter saw an uptick in M&A activity, highlighted by the acquisition of the ViaNova group. This move marks Multiconsult’s largest strategic acquisition since 2021, underscoring the company’s commitment to growth and expansion.

Financially, the quarter was characterized by an EBITA of NOK 67.4 million, a significant decrease from NOK 185.7 million in the previous year. The EBITA margin stood at 4.8%, with the first half of the year showing an 8.8% margin. This performance reflects a 17.6% year-on-year decrease in EBITA, adjusted for calendar effects. Despite these figures, the company maintained a robust order backlog of NOK 4,575 million, with a second-quarter order intake of NOK 1,539 million.

The financial landscape for Multiconsult is further shaped by its market position. As of August 17, 2025, the company’s share price closed at 204 NOK, with a 52-week high of 221 NOK and a low of 165.5 NOK. The market capitalization stands at 5.67 billion NOK, with a price-to-earnings ratio of 13.704.

Looking ahead, analysts anticipate a full-year profit per share of 12.88 NOK, compared to 15.11 NOK in the previous year. This forecast suggests a cautious yet strategic approach to navigating the challenges and opportunities within the professional services sector.

In summary, Multiconsult ASA’s second quarter of 2025 reflects a period of strategic adjustments and resilience. Through increased M&A activity and a focus on maintaining a strong order backlog, the company is poised to navigate the complexities of the market, aiming for sustainable growth and expansion in the years to come.