Norconsult
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Norconsult (NORCO) investor relations material

Norconsult SEB Nordic Seminar presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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SEB Nordic Seminar presentation summary7 Jan, 2026

Service offerings and project lifecycle

  • Provides architecture, engineering, project management, and digital solutions for building and construction markets.

  • Covers the full project lifecycle: planning, design and engineering, execution, and operations/maintenance.

  • Offers advisory services for both new builds and renovations, with technical supervision and quality control.

  • Applies technology and digital solutions across all project phases.

Business model and financial performance

  • Operates a robust, diversified business model with ~35,000 assignments and ~15,000 customers.

  • 80% of operating revenue comes from time & material contracts, 20% from fixed price.

  • Maintains stable margins with a cost-plus model and index-regulated contracts.

  • Achieved a 10% net revenue CAGR and 11% adj. EBITA CAGR from 2014 to Q3 2025, with consistent ~10% EBITA margin.

Market position and growth strategy

  • Holds the leading market position in Norway and demonstrates strong pan-Nordic growth, especially in Sweden and Denmark.

  • Revenue in Norway reached NOK 7,866m in 2024, with 9% CAGR in Norway, 16% in Sweden, and 14% in Denmark.

  • Growth strategy balances organic growth (2/3) and M&A (1/3), with strong organic growth rates compared to peers.

  • M&A is a core strategy, with 78 acquisitions from 2014 to Q3 2025, targeting both generalists and niche competencies.

  • Focuses on strengthening the No. 1 position in Norway and expanding pan-Nordic offerings.

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Q4 202512 Feb, 2026
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Frequently asked questions

Norconsult ASA is a Norway-based interdisciplinary consultancy firm offering a wide range of services across multiple sectors. The company's expertise encompasses areas such as transport, buildings, architecture, renewable energy, industry, water, planning, environment, and digitalization. Norconsult ASA provides consultancy services throughout all project phases, from concept development and planning to engineering design, construction, and operational monitoring. The company operates in various industries, including aquaculture, food, data centers, logistics, mining, oil and gas, and renewable energy. They are also involved in societal and urban planning, ensuring sustainable and forward-looking design. Their infrastructure services cover roads, railways, airports, and ports, with additional specialized services in water management, geoscience, and environmental monitoring. Norconsult ASA is headquartered in Sandvika, Norway, and its shares are listed on the Oslo Stock Exchange.

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