Ramboll’s growth momentum continues in the first half of 2023

The result is achieved despite ongoing macroeconomic uncertainties including high inflation, increasing interest rates, and rising material prices.

“A year and a half ago we launched an ambitious strategy, the Partner for Sustainable Change, that goes all-in on sustainability and commits our global resources to improving the sustainability impact of our projects,” Jens-Peter Saul says. “The strategy has played a central part in our successful organic growth that has been steady at close to 10% the past year and a half - a remarkable increase since the launch of the strategy. I am especially proud of our more than 18,000 employees who are committed to the strategy, and who continue to challenge norms and champion new approaches that help carve out a path to a more sustainable future.”

Strong growth in key markets

Ramboll’s businesses in Denmark, UK and Germany all delivered double-digit growth, contributing strongly to the result. The Energy business unit delivered the highest growth among all business units while Environment & Health also performed particularly well. "Denmark has shown a particularly strong performance with both high growth and profit, which has contributed significantly to our half-year result,” Jens-Peter Saul says and continues: “The Energy business unit has also continued to show high growth with strong market dynamics due to the increased focus on the green energy transition globally and the war in Ukraine affecting energy supply security. This has fueled the energy markets particular within offshore and onshore wind, Power-to-X solutions, carbon capture, utilisation and storage solutions, and in services related to the electrical grid that needs a huge upgrade to keep pace with the massive renewables build out. This high demand for sustainable solutions has had a positive impact on our business,” Jens-Peter Saul says.

APAC Growth

Organic growth across Ramboll’s Asia Pacific (APAC) business was 12.9% with an increase in employees from 427 to 462 throughout 2023 based in APAC.

Nick Fellows, Regional Director, Asia Pacific said the region was a strategic growth area for Ramboll with increasing demand, particularly in the energy, water and sustainability consulting markets from both local clients, including government, as well as global clients broadening their businesses in the region.

“We have seen strong performance across our South East Asian and Australian markets as clients become more focused on decarbonization and looking for new and innovate ways to transition their businesses as part of a future net zero economy. There is significant opportunity for Ramboll as the region looks to transform its economy with a focus on renewables infrastructure such as offshore wind in Australia and waste to energy in South East Asia,” says Nick Fellows.

Full year outlook

Reflecting the strong organic half-year growth and stable order book, Ramboll expects continued high organic growth for the full year and profit margin at the same level or slightly above last year.