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An update from Multiconsult ASA ( (DE:3MC) ) is now available.
Multiconsult ASA reported stable performance in the third quarter despite rising costs and competitive pressures. The company achieved a 4.2% increase in net operating revenues, while adjusted organic revenue growth was 6.7%. However, the EBITA margin decreased to 5.2% from the previous year due to increased market uncertainty and reduced activity. The acquisition of the ViaNova group is expected to close in mid-November, potentially enhancing Multiconsult’s market position. The company is implementing measures to improve billing ratios and reduce costs to maintain momentum and meet long-term targets.
More about Multiconsult ASA
Multiconsult ASA operates in the engineering and consulting industry, providing design, consultancy, and project management services. The company focuses on infrastructure, environment, buildings, and energy sectors, serving a diverse range of clients with innovative solutions.
Average Trading Volume: 36,539
Current Market Cap: NOK4.76B
For detailed information about 3MC stock, go to TipRanks’ Stock Analysis page.