Ramboll delivers a solid result in difficult times

31 August 2020
The Ramboll Group achieved a solid half-year result in 2020. Ramboll demonstrated a gross revenue of DKK 7.014 million, on the same level as first half of 2019.
Jens-Peter Saul, CEO, Ramboll Group

Jens-Peter Saul, CEO, Ramboll Group

Contact

Jens-Peter Saul

Jens-Peter Saul

Group Chief Executive Officer
T: +45 5161 1000
Marianne Sørensen

Marianne Sørensen

Group Chief Financial Officer
T: +45 5161 1000

In the first half of 2020, Ramboll achieved a gross revenue of DKK 7 billion, a minor decline compared to the same period in 2019. Organic growth was negative 1.5% compared to 3.9% in the first half of 2019. Operating profit before amortisation (EBITA) was DKK 372 million compared to DKK 309 million in the same period last year. At 5.3%, the EBITA margin was above the same period last year (4.4%) and this corresponds to an improvement of 0.2%-point in the underlying margin. The number of employees resembles the level as in same period last year. 

“The first half of 2020 was characterised by the lockdown of societies around the world. By focusing on our clients and quickly adjusting our cost base, we have experienced only a minor decline in revenue and we have been able to sustain our margin and a strong cash flow. This solid performance is due to the strong efforts of our employees who have shown both immense dedication and flexibility when working closely together with colleagues and clients,” says Group CEO Jens-Peter Saul.

“Looking at our markets, we have achieved positive organic growth in the Nordics and in Ramboll’s global Water and Transport markets, while performance in the US and UK are negatively impacted by the COVID-19 outbreak. We are aware that the crisis is far from over, and we are continuously working to secure that Ramboll comes out of the crisis strongest possible,” says Group CEO Jens-Peter Saul. 

 

 

Key figures and financial ratios

 

H1 2020

H1 2020

H1 2019

2019  

 

Income statement, DKK million

 

EUR m

 

 

 

Revenue

940.2

7,014.1

7,024.1

14,188.8  

Operating profit before depreciation and amort. (EBITDA)

64.9

485.8

411.3

976.0  

Operating profit before goodwill amort. (EBITA)

49.9

372.3

308.5

762.5  

Operating profit (EBIT)

26.0

194.1

180.7

341.1  

Profit before tax

23.6

176.4

161.8

307.9  

Profit for the period

12.5

93.6

81.8

171.9  

 

Balance sheet

 

 

 

 

Total assets

1,147.8

8,562.3

8,128.5

8,748.8  

Total equity

341.4

2,546.8

2,397.5

2,541.4  

Net interest-bearing cash/ (debt)

(2.5)

(18.4)

(839.8)

(196.7) 


Cash flow, DKK million

 

 

 

 

Cash flow from operating activities

98.7

736.1

(34.3)

686.7  

Investment in tangible assets, net

(9.1)

(68.1)

(117.7)

(218.7) 

Free cash flow

89.5

668.0

(152.0)

468.0  

Acquisitions of companies

(52.7)

(392.9)

(21.5)

(92.6) 


Employees

 

 

 

 

Number of employees, end of period

 

16,064

15,679

15,947  

Number of full-time employee equivalents

 

15,026

14,727

14,843  


Financial ratios in %

 

 

 

 

Revenue growth

 

(0.1)

23.6

25.0  

Organic growth

 

(1.5)

3.9

4.2  

EBITDA margin

 

6.9

5.9

6.9  

EBITA margin

 

5.3

4.4

5.4  

EBIT margin

 

2.8

2.6

2.4  

Return on invested capital (ROIC)

 

20.8

15.1

18.6  

Return on equity (ROE)

 

6.4

8.5

7.0  

Cash conversion ratio

 

220.8

(2.5)

111.1  

Equity ratio

 

29.7

29.5

29.0  

 

Ramboll Group A/S

Ramboll Group A/S
Hannemanns Allé 53
DK-2300 Copenhagen S
Denmark
Tel:+45 5161 1000
Fax:+45 5161 1001

Mail: info@ramboll.com

Danish CVR numbers

Danish CVR numbers

Ramboll Group
10160669

Rambøll Danmark
35128417

Ramboll Energy
35128417

Rambøll Management Consulting
60997918

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