Engineering consultancy Ramboll books higher revenue and profitability
Ramboll Group has posted solid financial results in its latest book year, with revenue of up to €1.44 billion and profitability at the highest level in the company’s history.
The global engineering and consulting firm recorded a modest 2.8% in organic growth for the year lifting total fee income to €1.44 billion, while the number of employees grew slightly, from 12,497 FTE’s in 2016 to 12,527 FTE’s in 2017. Profitability was improved over the course of the past financial year – EBITA, a key indicator of performance, was up by 2.8% to around €83 million – a record for the Danish-based company – and EBITA margin was up by 5.8%.
Group CEO Jens-Peter Saul, said that he is pleased to report “another successful year for Ramboll.” He added, “All business units have delivered a profit and we have seen improved operational performance in most of our markets. We achieved particularly good results in the US and in the Nordics, where Finland and Sweden delivered all-time high results.”
The consultancy is involved with a wide array of projects across the globe, including the design of the Jokeri light rail line between Helsinki and Espoo in Finland, the Digital Railway programme in the UK, focused on developing the country’s often lacking digital railway infrastructure; and the design and implementation of the world’s largest energy recovery facility in Singapore. Ramboll is also active in the Middle East, where it focuses on the Oil & Gas sector, and in Africa, where the consultancy is supporting a number of large energy projects, among others.
In 2017, Ramboll created a number of so-called ‘spearhead’ services, aimed at driving growth and strengthening specialisation within the firm – including High-Rise Buildings, Major Crossings and Smart Mobility. These services fall under the firm’s wider five-year Winning Together strategy, which was launched in the summer of last year and reformed the way Ramboll organises its teams for client services. “We win when we work together across geographies and market areas,” said Jens-Peter Saul, adding “By breaking down silos, our new matrix organisation aims to drive profitable growth by leveraging our full strengths and synergies across our portfolio.”
About the future, Saul said “Our ambition is to embed innovation and digitalisation deeply in daily operations by transforming both the way we work and what we offer to our clients. We are ramping up initiatives to accelerate innovation and we have welcomed a new Chief Innovation Officer to the Group Executive Board to lead the transformation.”
At the start of its 2018 financial year, Ramboll’s order book had a value of €750 million, up from €644 million in the previous year.
