Ramboll Oil & Gas’ Revenue Rises 11 Pct (Denmark)

Ramboll Oil & Gas' Revenues Rise 11 Pct (Denmark)

Ramboll’s revenue grew by 11% to DKK 3.9 billion during the first six months of 2012. Operating profit before goodwill amortisation (EBITA) was DKK 231 million, which was 63% higher than the same period last year.

Denmark’s Ramboll achieved all-time high revenue of DKK 3,886 million during the first six months of 2012 (DKK 3,504 million in H1 2011). Revenue increased by 11%, of which 10% was organic growth. Organic growth was mainly achieved in Ramboll’s Global Practices Oil & Gas and Energy, but also in the country business units in the Nordics.

Operating profit before goodwill amortisation (EBITA) increased by DKK 89 million to DKK 231 million – an increase of 63% compared to the same period last year. The country business units in the Nordics, Middle East and the Global Practices Oil & Gas, Energy and Management Consulting all achieved a higher EBITA than last year. The business unit in the UK had a lower performance than in H1 2011.

The EBITA margin was 5.9% (4.0% in H1 2011). Profit before tax was DKK 171 million compared to DKK 83 million in the first six months of 2011.

Competitive international platform for growth

Ramboll managed to create profitable growth in markets with fierce global competition. New major project wins and a competitive platform are instrumental in being able to create profitable growth in the future.

“We are performing as planned and delivering higher profitability than last year. In a highly competitive global market situation, we have strengthened our international delivery model and are leveraging our expertise globally in order to win landmark projects”, says Jens-Peter Saul, CEO at Ramboll.

A range of major new projects were won in the first six months of 2012. The order book of DKK 3.2 billion was in line with year-end 2011.

Press Release, August 24, 2012

 

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