Ramboll grows revenue by 30% in first half of 2015

23 September 2015 Consultancy.uk

The first half year of 2015 has been a strong period for Ramboll, which saw its gross revenue jump to DKK 5,391 million, an increase of 30% over the same period in 2014. In addition, the firm also saw its headcount grow to 12,800 employees globally. According to the firm, the growth is primarily due to the acquisition of Environ.

Financial highlights
H1 2015 has been a good half year for engineering, design and management consulting firm Ramboll. The firm saw its revenue reach DKK 5,391 million, which is 30% more than the revenue booked in H1 2014 (DKK 4,156 million). The firm’s operating profit before amortisation (EBITA) was also higher, at DKK 188 million compared to DKK 170 million. “Ramboll delivered growth in line with our expectations despite a challenging oil & gas market. We have achieved solid results in Finland, Sweden and Denmark, while the result in the UK has been adversely affected by write-downs on a large project in the Middle East,” comments Jens-Peter Saul, CEO of the Ramboll Group.

Jens Peter Saul, Ramboll

According to Ramboll, the acquisition of environmental consultancy Environ has had a positive influence on its revenue growth as the combined business secured some notable project wins, including the performance of strategic analyses to assist a United States Utility provider. Ramboll’s headcount increased by 19% to 12,841 employees globally, of which 1.3% was organic – around 1,500 environmental and health science specialists in 21 countries joined from Environ.

“We are beginning to see the advantages of the strengthened global platform and combined skills and clients, which puts us in a unique position to continue working on the most challenging environmental and human health problems the world is facing,” concludes Saul.


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PA Consulting results reveal record 14% revenue growth

17 April 2019 Consultancy.uk

Global professional services firm PA Consulting has reported another year of strong growth, outpacing the global consulting market significantly over the duration of 2018. PA’s revenue boomed by 14%, passing £455.8 million over the course of the year.

Founded in 1943, by Englishmen Ernest Butten, Tom Kirkham and David Seymour, the firm once known as Personnel Administration has since gone on to become one of the largest consulting firms in the world. PA Consulting Group, as it is now known, has over 2,600 professionals and a global presence spanning 18 countries. While turnover took a decade to recover from a rocky spell after the global financial crisis, PA Consulting is now firmly on the upward incline.

PA has booked strong growth in recent years, following its securing of private equity investment from the Carlyle Group in 2015. While the first full year of results following that move were slightly muted, due in part to the altering of how PA measured its results, the decision has clearly paid dividends since. Revenues jumped by 6% in 2017, hitting an all-time high of £400 million in the process.

Annual consulting revenues of PA Consulting versus UK market

Now, in the latest chapter of the firm’s rapid turnaround, the innovation and transformation consultancy has revealed things only got better in 2018. A set of record results released in April have confirmed that fee income rocketed up by 14% over the course of the prior 12 months, hitting £455.8 million. Considering the UK’s consulting market saw growth slow for the second year running (just 5.6%), PA’s performance is even more pronounced, especially in its first year of full results since influential Chair Marcus Agius stood down. 

The firm is also outpacing the global consulting market. Analytics firm Statista estimates that the consulting market expanded by 4.08% in 2018. As a result of such bullish demand, PA Consulting has also bolstered its staffing, boosting its consulting team’s headcount by 10% in the space of 12 months. 

PA’s team was further strengthened with its continued acquisition campaign, which brought three new firms into the fold during 2018. Boston-based innovation company Essential Design, specialist digital service design firm We Are Friday and London-based digital insight and strategy consultancy Sparkler all became part of PA over the course of the year. PA has also announced plans to recruit 400 professionals for its new digital centre in Belfast. 

‘Not traditional’

In terms of client work, in the UK PA supported Skipping Rocks Lab to create an edible alternative to single use plastic drink packaging, and worked on a notable restructuring project at disability charity Scope. Further afield, PA helped Norwegian authorities deliver their citizen-facing digital services, while in the US and India, PA partnered with Virgin Hyperloop One to build the first new mode of transport in a century, one that hopes to revolutionise travel. It even worked with United Nations to identify the technologies most likely to contribute to the achievement of the organization's Sustainable Development Goals.

Commenting on the year’s performance, Alan Middleton, PA Consulting CEO, said, “We’re not a traditional consulting firm and we think this is key to our ongoing success and why 98% of our clients recommend us… Our people are strategists, technologists, digital experts, consultants, designers, scientists and engineers – all of whom bring real-world experience, and apply it at pace. We offer the innovation, design, digital and transformation skills that our clients need to change, fast. There’s a sense of optimism behind our purpose. And it’s a feeling that inspires our people as well as our clients.”

The existing staff of PA also enjoyed a bumper year, as it was revealed that a refinancing manoeuver at the firm was expected to land over 1,000 employee shareholders a significant pay-out. The firm’s debt, which includes vendor loan notes put in place when Carlyle purchased the firm, is set to be refinanced in a deal worth £350 million.