Strong Growth and a Solid Platform for the Future
Ramboll reported solid growth for the fiscal year 2019. Revenue for the period was DKK 14,189 million, which is 25 per cent higher compared to 2018. It is the first full year that the recently acquired US-based consultancy OBG has been included, and the Americas is now our largest geography. The acquisition of OBG is delivering in line with expectations with strong revenue growth and improved profitability reported.
From a market perspective, Buildings, Transport and Water are the main drivers of our growth. This year, we are also experiencing the benefits of our matrix organisation which has improved collaboration among our markets, and we are increasingly engaged in multidisciplinary projects.
The results are in line with our expectations, and we are growing Group revenue without increasing costs at the same pace. This is due to our sound business principles, and as a result, we are improving the financial foundations for building a stronger company.
In 2019, we realised DKK 308 million in profit before tax. This result is influenced by the cost of integrating OBG and restructuring cost. These costs are non-recurring. We will continuously invest in companies that will further strengthen Ramboll and our offering to clients. For example, in 2019, we signed a deal to acquire Henning Larsen Architects, a globally renowned practice with landmark projects across most continents. The acquisition of companies such as OBG and Henning Larsen Architects broadens our platform and secures our path to a sustainable future together with our clients.