Norconsult
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Norconsult (NORCO) investor relations material

Norconsult Pre-close call presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Pre-close call presentation summary17 Apr, 2026

Financial performance and growth

  • Achieved 6% organic growth in Q4 2025, adjusted for calendar effects.

  • Adjusted EBITA margin reached 9.2% in Q4 2025, reflecting stable profitability.

  • Strong cash flow from operating activities at NOK 884 million in Q4 2025.

  • Billing ratio improved to 73.3% in Q4 2025.

  • Quarterly performance influenced by seasonality and number of working days.

Market outlook and operational updates

  • Overall market expected to remain stable, with uncertainty from international politics.

  • Private market for Buildings & Architecture remains slow, but optimism is rising in larger cities.

  • Infrastructure demand projected to stay stable; energy sector activity remains high.

  • Mixed development expected in other industries due to geopolitical factors.

  • Proactive measures underway to improve profitability and efficiency.

Strategic initiatives and integration

  • Completed acquisition of Metier Group, supporting growth strategy.

  • Integration of AAJ Group activities continues through Q2 2026.

  • Estimated calendar effect for Q1 2026 is NOK -66 million compared to the previous year.

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Q1 202612 May, 2026
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