Sandvika, 5 November 2025 (OSE: NORCO): The income after external project costs increased by 14 percent to NOK 2 191 million (1 924) in the third quarter of 2025. Organic growth adjusted for calendar effects was 7 percent. The adjusted EBITA margin adjusted for calendar effects was 8.9 percent in the quarter, up from 8.4 percent in the same quarter last year.
Highlights Q3 2025
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Solid growth in income after external project costs of 14 percent to NOK 2 191 million (1 924)
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Positive calendar effects of NOK 9 million
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Organic growth of 7 percent adjusted for calendar effects
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Adj. EBITA was NOK 204 million (162) with an adj. EBITA margin of 9.3 percent (8.4)
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Adj. EBITA margin was 8.9 percent, adjusted for calendar effects
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Net profit of NOK 132 million (53)
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Earnings per share (EPS) NOK 0.43 (0.18)
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Orderbook increased to NOK 7.4 billion, up from NOK 7.1 billion in Q2 2025
Comments from CEO Egil Hogna:
“Norconsult delivered solid organic growth and improved profitability in the third quarter of 2025, a quarter influenced by seasonality and summer holidays in the Nordic region. A key milestone this quarter was the completion of the acquisition of Aas-Jakobsen Group, which is the largest acquisition in our history. This milestone strengthens our position in advanced infrastructure and building projects, and marks an important step toward our ambition of becoming one of the top three interdisciplinary consultancy firms in the Nordic.”
Outlook:
The overall market is expected to continue stable, but with continued uncertainty linked to the international political situation.
The private market for Buildings & Architecture is still slow but there are signs of optimism. However, it will likely still take some time before this materialises into increased activity. The demand in Infrastructure is expected to be stable going forward. We continue to expect a high level of activity in the energy sector, and a more mixed development in other industry markets as geopolitical factors may delay investment decisions in certain market areas.
Norconsult has considerable flexibility with a diversified mix of services and end-market exposures in the Nordics. Most of the demand for our services comes from the public sector. This makes Norconsult less exposed towards short-term cyclicality in the economy in general.
Norconsult will continue to take proactive measures to improve underlying profitability and maintain efficiency in selected parts of the business.
For detailed information, please see the attached report and presentation.
The company will present the results today at 09:00 CET at Telegrafen, Kongens Gate 21, 0157 Oslo. Advance registration is required, so we kindly ask participants to complete their registration using the following link: Registration
The presentation will be hosted by CEO Egil Hogna and CFO Dag Fladby. The results will also be presented online through a live webcast where the participants will have the opportunity to submit questions. The live webcast can be accessed at: https://qcnl.tv/p/vgzUi5gN0xYUAEV0piVx6Q
Following the presentation of the third quarter 2025 results, Norconsult will host its Capital Markets Day from 10:00 to 14:00 CET at the same venue.
The Capital Markets Day is an in-person event, but a recording of the presentation will be published on investor.norconsult.com following the event.
For further information, please contact:
Investors: Christian Salbu Aasland, SVP Investor Relations & Business Intelligence, IR@norconsult.com
Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com
This information is considered to be inside information pursuant to the EUR Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Elin Spieler, Head of Treasury and Investor Relations Manager, Norconsult ASA at the date and time as set out above.
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About Norconsult:
Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult’s delivery model is centred around knowledge hubs and local presence through approximately 7 000 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.