{
  "id": 1662519,
  "title": "Multiconsult Q2 2026 slides: margins rise but organic growth stalls",
  "url": "https://urgent.news/2026/08/18/multiconsult-q2-2026-slides-margins-rise-but-organic-growth-stalls",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T07:33:05.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/multiconsult-q2-2026-slides-margins-rise-but-organic-growth-stalls-93CH-4864420"
  },
  "original_language": "en",
  "account": "Multiconsult Group reported mixed results for Q2 2026, noting improved profitability margins but stagnant organic growth, a declining utilization rate, and shrinking order backlog. CEO Karsten Warloe and CFO Ove B. Haupberg emphasized cost control and margin improvement, while acknowledging billing ratios remained unsatisfactory. The company's second quarter revenue grew 7.8% year-over-year to NOK 1,527 million, with organic growth at just 0.7%. EBITA margin improved to 7.1% for Q2 and 6.1% adjusted, though both were below prior year levels. The billing ratio declined to 71.6% from 72.9%. Net operating revenues for the first half of 2026 were NOK 3,135 million, with EBITA of NOK 268.8 million, representing an 8.6% margin. Order intake increased in Q2 but the order backlog declined 13.6% year-over-year. The company's order intake in Q2 was NOK 1,669 million, up 8.4% year-over-year, while the first half order intake was NOK 3,447 million. The Norway segment showed the strongest performance, with revenues up 12.8% year-over-year and EBITA margin of 9.0%. The Architecture segment faced headwinds with revenues down 2.2% and EBITA margin improving to 3.7%. The International segment reported a revenue decline of 6.2% and EBITA margin of 2.4%.",
  "summary": null,
  "key_points": [
    "Multiconsult Group's Q2 2026 margins rise to 7.1%, but organic growth stalls at 0.7%",
    "Order backlog declines 13.6% year-over-year, signaling potential demand issues",
    "Norway segment leads with 12.8% revenue growth and 9.0% EBITA margin"
  ],
  "editors_take": "Multiconsult's improved profitability margins, driven by cost control, now depend on turning around stagnant organic growth and a shrinking order backlog to sustain its performance.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Multiconsult Q2 2026 slides: margins improve, organic growth lags",
        "url": "https://urgent.news/2026/08/18/multiconsult-q2-2026-slides-margins-improve-organic-growth-lags",
        "published": "2026-08-18T07:34:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}