Ramboll achieved gross revenue of DKK 5.4 billion in the first half year of 2015, which is 30% higher than the same period in 2014. Operating profit before amortisation (EBITA) was DKK 188 million compared to DKK 170 million in the first half of 2014. At 3.5%, EBITA margin was below the same period last year (4.1%) due to tough conditions in the oil & gas market and major write-downs on a Ramboll UK-led large project in the Middle East, negatively impacting the EBITA margin by a total of 1.0%-point. The number of employees grew by 19% in the first half of 2015 mainly due the acquisition of the US based consultancy ENVIRON. Ramboll now has 12,841 employees globally.
“Ramboll delivered growth in line with our expectations despite a challenging oil & gas market. We have achieved solid results in Finland, Sweden and Denmark, while the result in the UK has been adversely affected by write-downs on a large project in the Middle East. Our Global Practice for Oil & Gas has suffered from the tough market conditions, while our Global Practice for Energy has delivered strong results, and the new Global Practices for Water and Environment & Health, which were launched in May 2015, have had a positive start and are progressing in line with expectations,” says Jens-Peter Saul, CEO of the Ramboll Group.
Building on the global platform for growth
On 1 January 2015, Ramboll acquired the US-based global consultancy, ENVIRON, and the integration of more than 1,500 environmental and health science specialists in 21 countries is progressing as planned.
“We are beginning to see the advantages of the strengthened global platform and combined skills and clients, which puts us in a unique position to continue working on the most challenging environmental and human health problems the world is facing,” says Jens-Peter Saul.
In one of the most notable project wins following the acquisition, Ramboll Environ is performing strategic analyses to assist a United States Utility provider with their short- and long-term plans on developing renewable and natural gas infrastructure and power production. The project will ensure that reliable clean energy is provided to their service region.
Among other large contract wins in the wider business, Ramboll has won a DKK 60 million contract for the planning and design of a new road tunnel in the new North Harbour district of Copenhagen, which will improve the access for traffic in the area. The project builds on the major road, metro and urban development work that Ramboll is already undertaking in the district and will draw on specialists from markets across Ramboll.
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.