Gross revenue of DKK 5,432 million for the first half of 2017 was slightly higher than in the first half of 2016. Operating profit before amortisation (EBITA) of DKK 279 million was on level with the first half of 2016, giving an EBITA margin of 5.1% compared to 5.2% in the first half of 2016. Profit before tax amounted to DKK 183 million compared to DKK 142 million in the same period last year.
“The first half of the year showed continued solid performance across business units, especially in the Nordics and in the international business units for Water and Environment & Health. The performance of the business unit for Oil & Gas also improved. The Board is satisfied with the result which is in line with expectations,” says Jens-Peter Saul, CEO of the Ramboll Group.
Ramboll launched its new Group strategy ‘Winning Together’ at the beginning of 2017, and a key element of the strategy is to further strengthen its presence and service offerings in key markets such as the Nordics, UK and US.
“I am pleased to see that our business units are delivering in line with our strategy by winning and delivering several high profile projects, not least in the Nordics, UK and US, which gives us confidence for the rest of the year and for 2018,” says Jens-Peter Saul.
Signature projects worldwide
This confidence in the future can be attributed in particular to recent substantial project wins, with the six projects below alone exceeding a fee value for Ramboll of DKK 1 billion (EUR 135 million).
Ramboll won the consultancy contract for the Fehmarnbelt immersed tunnel between Denmark and Germany, which will engage 70 employees in a joint venture with Arup and TEC during the project’s construction phase. The consortium has collaborated on the design of the tunnel since April 2009 and has now won the bid for client consultancy.
Ramboll also won a major project for Bestseller on a green field project in Brande in Denmark. The extension of the fashion company’s existing headquarters includes retail shops, offices, a high-rise hotel and a conference building. The high-rise building is planned to be over 200 meters high, making it the tallest building in Denmark.
In Finland, Ramboll has been selected to participate in the design of the 25-kilometre Jokeri light rail line between Helsinki and Espoo which is projected to carry more than 100,000 passengers per day by 2040.
Ramboll has also been selected to participate in the expansion of the Helsinki Airport and renovation of Terminal 2 which is a significant air traffic hub and one of the largest bus and train interchanges in Finland.
In the UK, Ramboll, as part of an Arup-led consortium, is assisting with providing environmental overview services for the entire High Speed Phase 2B scheme as well as civil and environmental engineering services for the Nottinghamshire to Leeds and York section of the High Speed 2 line.
Ramboll also just landed a large contract for the design and environmental assessment of 300 kilometre offshore Baltic Pipe, which will connect gas in the North Sea directly with consumers in Central and Eastern Europe and thereby strengthen the security of supply.
In addition to the six projects mentioned above, Ramboll has won a handful of new significant projects in the Americas and Middle East with a total fee value for Ramboll exceeding DKK 300 million (EUR 40 million), giving Ramboll a positive outlook also for the Americas and Middle East businesses.
- Gross revenue of DKK 5,432 million was slightly higher than in the first half of 2016.
- Operating profit before amortisation (EBITA) in the first half of 2016 was the highest in the company’s history (DKK 279 million). In the first half year of 2017, operating profit before amortisation again amounted to DKK 279 million, which is on level with the same period last year.
- EBITA margin was 5.1%, compared to 5.2% in the first half of 2016.
- Profit before tax was DKK 183 million compared to DKK 142 million in the same period last year.
- Cash conversion was 21% compared 20% in H1 2016. LTM (Last Twelve Months) cash conversion was 120%.
- Globally, Ramboll now has 13,263 employees in 35 countries.