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Multiconsult Q2 2026 slides: margins improve, organic growth lags

Multiconsult Q2 2026 slides: margins improve, organic growth lags

Multiconsult Group, a Norwegian engineering and consulting firm, reported its Q2 2026 financial results on August 18, 2026, showing improved profitability but lagging organic growth. The company's shares fell 3.7% to $145.6, trading near the bottom of its 52-week range. CEO Karsten Warloe and CFO Ove B. Haupberg attributed the quarter's strong earnings growth to calendar effects and a favorable court ruling, but acknowledged that core operational metrics remained under pressure.

Despite a 7.8% year-over-year increase in net operating revenues to NOK 1,527.1 million, organic revenue growth excluding calendar effects was only 0.7%. The company's EBITA reached NOK 108.2 million with a 7.1% margin, a significant improvement from NOK 67.4 million in the previous year, driven by a NOK 49.7 million positive calendar effect and a NOK 14.9 million benefit from a court decision.

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