Norway's Multiconsult Q4 revenue rises 5.4% y/y  on ViaNova acquisition impact

Multiconsult ASA

10/02/2026 06:13

Overview

Norway engineering consultancy's Q4 net operating revenues rose 5.4% yr/yr

Q4 EBITA impacted by legal expenses and write-downs related to Sotra project

Company welcomed 129 ViaNova employees, boosting transport and mobility capabilities

Outlook

Multiconsult aims to improve EBITA margin towards long-term target of 10%

Company sees stable market outlook with continued uncertainty

Multiconsult expects enhanced capabilities with integration of ViaNova employees

Result Drivers

LEGAL EXPENSES - EBITA was affected by legal expenses and write-downs related to the Sotra project, totaling NOK 18 mln

VIA NOVA ACQUISITION - Multiconsult welcomed 129 ViaNova employees, enhancing capabilities in transport and mobility

DEFENCE AGREEMENTS - New framework agreements with Norwegian Defence Estates Agency strengthen position in defence sector

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
NOK 1.52 bln
Q4 EBITA
NOK 74.90 mln
Q4 EBITA Margin
4.90%
Q4 Order Backlog
NOK 4.23 bln
Q4 Orders
NOK 1.64 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for Multiconsult ASA is NOK198.00, about 16.1% above its February 9 closing price of NOK170.50

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nWkr4ZSQhb

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)