Ramboll grows 28% despite difficult market conditions

The engineering, design and consultancy company increased revenue by 28% in 2015, however, performance was challenged by tough market conditions. With the acquisition of ENVIRON, the Group has significantly strengthened its position in the environment market and Ramboll has been growing organically in most of its key markets, especially in the Nordic countries. Globally, 2,265 additional colleagues joined Ramboll, which now has more than 13,000 employees in 35 countries.

The Ramboll Group delivered growth despite challenging market conditions in 2015. Revenue increased by 24.5% measured in local currencies and by 27.7% in Danish kroner from DKK 8,292 million in 2014 to DKK 10,589 million. Organic growth was 1.5%. Excluding the Oil & Gas business, organic growth was 4.5%. Operating profit before goodwill amortisation (EBITA) was DKK 475 million compared to DKK 413 million in 2014, giving an EBITA margin of 4.5%, which was 0.5%-point lower than in 2014.

The lower EBITA margin was a result of significantly lower performance in Ramboll’s Oil & Gas business unit and write-downs on a few large buildings projects. When adjusting for the Oil & Gas business unit and write-downs on four buildings projects, the underlying EBITA margin improved by 0.4%-point in 2015, primarily due to improved performance in the country business units in Finland and Sweden and the international Energy business unit. The Energy business unit delivered the highest margin of all business units and recorded its best performance ever in 2015 – clear evidence that Ramboll has created a strong foothold in the global market for energy.

Large scale projects worldwide
Across all markets, in 2015 Ramboll succeeded in continuously winning and delivering inspiring, ground-breaking projects around the world.

In Denmark, project wins in 2015 included providing full engineering consultancy on a new innovation campus for Novozymes, and planning and design of a new road tunnel to improve the access for traffic in the new North Harbour district of Copenhagen.

In the Asia Pacific region, Ramboll is delivering a study on solutions to enhance resilience to climate change and reduce carbon emissions in six large cities for the Asian Development Bank.

In Makkah (Mecca), Kingdom of Saudi Arabia, Ramboll has secured a contract for a very big district cooling project, one of several initiatives to improve the conditions for pilgrims during Hajj.

In Montreal, Canada, Ramboll has been appointed as Independent Engineer for the new Champlain Bridge Corridor Project – one of the largest infrastructure projects in North America.

Excerpt from Ramboll.com – read the entire article here