Ramboll continues to grow

26 March 2014

Ramboll continued to grow in 2013 in a tough market due to strong performance in most business units. More than 400 new colleagues joined Ramboll in 2013 and the company now has more than 10,000 employees globally.

Ramboll generated a revenue of DKK 7.8 billion in 2013 compared to DKK 7.6 billion in 2012.

This equals a total growth in revenue of 3%, which was particularly supported by positive developments in the UK, Denmark, Middle East and Norway as well as the business units Energy and Management Consulting. Excluding currency effects, revenue increased by 5%, of which 4% was organic growth.

Operating profit before goodwill amortisation (EBITA) was DKK 390 million compared to DKK 406 million in 2012. The EBITA margin was 5.0%, which was 0.4% lower than in 2012. The decrease in margin was mainly a result of fewer working days (0.4%), a final ruling on an old arbitration case (0.2%), and increased internal investments to improve the company’s productivity and competitiveness programme (0.2%). Excluding these effects, the EBITA margin of the operating units increased by 0.4% compared to last year.

Improved performance despite tough market conditions

“The majority of our business is very healthy and has effectively improved its performance in 2013 despite tough market conditions. This is even the case in difficult markets such as Finland, where our business unit has further improved profit, despite the negative impact of the current financial crisis in the country,” explains Jens-Peter Saul, CEO of the Ramboll Group.

The underlying positive trend is also evidenced by Ramboll’s strong cash performance. The company achieved a cash conversion of 129% in 2013.

Globally, more than 400 new colleagues joined the company in 2013, which means that Ramboll now has more than 10,000 employees.

The Annual Report will be published after the Annual General Meeting on 26 March 2014.

Key figures and financial ratios

2013

2013

2012

Income statement, DKK million

EUR m

Revenue

1,044.8

7,794.1

7,552.5

Operating profit before goodwill amort. (EBITA)

52.3

389.9

405.6

Operating profit (EBIT)

38.5

287.2

290.3

Profit before tax

33.8

252.3

277.1

Profit for the year

19.1

142.8

168.5


Balance sheet, DKK million

Total assets

575.0

4,289.5

4,268.4

Shareholders' equity

227.9

1,699.8

1,676.3

Net interest bearing cash/(debts)

79.1

590.0

372.2


Cash flow, DKK million

Cash flow from operating activities

62.1

463.2

253.5

Investment in tangible assets, net

- 14.0

- 104.4

- 91.4

Free cash flow

48.1

358.8

162.1

Acquisitions of companies

- 15.4

- 114.9

- 51.6


Employees

Number of employees, end of year

10,161

9,759

Number of full time employee equivalents

9,593

9,125


Financial ratios in %

Revenue growth

3.2

9.6

Organic growth

3.7

8.3

EBITA margin

5.0

5.4

Operating margin (EBIT margin)

3.7

3.8

Return on invested capital (ROIC)

17.8

18.4

Return on equity (ROE)

8.5

10.6

Cash conversion ratio

129.3

75.1

Equity ratio

39.6

39.3

Ramboll

Ramboll
First Floor, Emerald Building
Oud Metha Road
PO Box 116921, Dubai, UAE
Tel:+971 4 334 3616
Fax:+971 4 334 3617

Mail: info@ramboll.ae

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