Denmark’s Ramboll continued to grow in 2013 in a tough market due to strong performance in most business units.
Ramboll generated a revenue of DKK 7.8 billion in 2013 compared to DKK 7.6 billion in 2012. This equals a total growth in revenue of 3%, which was particularly supported by positive developments in the UK, Denmark, Middle East and Norway as well as the business units Energy and Management Consulting. Excluding currency effects, revenue increased by 5%, of which 4% was organic growth.
Operating profit before goodwill amortisation (EBITA) was DKK 390 million compared to DKK 406 million in 2012. The EBITA margin was 5.0%, which was 0.4% lower than in 2012. The decrease in margin was mainly a result of fewer working days (0.4%), a final ruling on an old arbitration case (0.2%), and increased internal investments to improve the company’s productivity and competitiveness programme (0.2%). Excluding these effects, the EBITA margin of the operating units increased by 0.4% compared to last year.
Improved performance despite tough market conditions
“The majority of our business is very healthy and has effectively improved its performance in 2013 despite tough market conditions. This is even the case in difficult markets such as Finland, where our business unit has further improved profit, despite the negative impact of the current financial crisis in the country,” explains Jens-Peter Saul, CEO of the Ramboll Group.
The underlying positive trend is also evidenced by Ramboll’s strong cash performance. The company achieved a cash conversion of 129% in 2013.
Globally, more than 400 new employees joined the company in 2013, which means that Ramboll now has more than 10,000 employees.
Press Release, March 12, 2014