Ramboll Achieves Growth in 2012 (Denmark)
2012 was a satisfying year in terms of performance and for the first time Denmark’s Ramboll delivered revenue of EUR 1 billion, equivalent to DKK 7.6 billion. Operating profit before goodwill amortisation (EBITA) amounted to DKK 406 million.
This growth is driven by strong performance in Scandinavia and in particular within Oil & Gas and Energy. The company’s financial strength provides a solid foundation for the strategic ambition to make a large international leap.
Ramboll achieved revenue of DKK 7,552 million in 2012 (DKK 6,891 million in 2011). Revenue grew by 10%, of which 8% was organic. The largest organic growth was delivered in Norway, Finland, Denmark and the Middle East – and particularly in the international business units within Oil & Gas and Energy, while there was a negative organic growth in the UK and Russia.
Operating profit before goodwill amortisation (EBITA) grew by 14% to DKK 406 million compared to DKK 356 million in 2011. The EBITA margin was 5.4%; up from 5.2% in 2011. The higher margin was primarily a result of a strong performance in Scandinavia, but all business units exceeded their margin from 2011, with the exception of the country business units in the UK and Finland.
“In a time characterised by very problematic market conditions, we have grown revenue by 10%, while improving profitability (EBITA) even more by 14%. This is positive, as it means that we have gained market share, while improving our performance,” says Ramboll’s Group CEO Jens-Peter Saul.
Results and financial strength as a starting point for an international leap
With growth rates of 35% and 20% in the international business units within Oil & Gas and Energy, and solid growth rates in the Nordics within Environment, Buildings and Transport, the company is well positioned for its new strategy.
“We wish to make a large international leap, where we expose the company, as much as possible, to the global megatrends which currently drive the demand for engineering and consultancy services. Globally, there is an increased demand for energy and natural resources, and not least a demand for solutions that bring new sustainable ways of developing our cities and societies. Within these areas we can really contribute,” says Ramboll’s Group CEO Jens-Peter Saul.
Press Release, March 6, 2013