Norconsult (NORCO) ABG Sundal Collier: Infrastruktur Seminarium presentation summary

Market position and business overview

• Leading architecture, engineering, and digital consultancy in the Nordics, ranked #1 in Norway, top 5 in Scandinavia, and top 12 in Europe by revenue.

• Operates across buildings, infrastructure, energy, and industry sectors with ~6,600 employees and ~140 offices.

• Serves both public and private clients, with a diversified revenue base and ~35,000 projects annually.

Financial performance and growth

• Achieved a 10% net revenue CAGR and 11% adj. EBITA CAGR from 2014 to Q2 2025, maintaining ~10% EBITA margin.

• Demonstrates a solid financial track record with stable margins and strong growth over the past decade.

• Q2 2025 order backlog stands at NOK 7.1bn, supporting revenue visibility.

Business model and operational strengths

• Utilizes a cost-plus model with 80% of revenue from time & material contracts, minimizing project risk.

• Strong local presence combined with knowledge hubs and cross-office collaboration.

• Attracts and retains talent through prestigious projects, leadership programs, and a collaborative culture.