dcsimg 2011 - H1 - Ramboll Group
     
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Interim report 2011

 
The Forth Replacement Crossing bridge in Scotland
 

Financial highlights

  • Our market position has been strengthened through new contract wins and acquisitions. However, the result in H1 2011 was disappointing despite a high activity level.
  • Gross revenue of DKK 3,504 million was 16% higher than H1 2010, primarily as a result of organic growth of 9%.
  • Operating profit before amortisation (EBITA) of DKK 141 million was significantly lower than H1 2010 (DKK 200 million) due to fierce price competition and write-downs on projects.
  • EBITA margin was 4.0% compared to 6.6% in H1 2010.
  • Profit before tax was DKK 83 million compared to DKK 145 million in H1 2010.
  • Cash conversion was negative due to an unsatisfactory negative development in working capital.
  • Total equity was DKK 1.3 billion, leading to an equity ratio of 35%.
  • Order book of DKK 3.1 billion was 11% higher than at year-end 2010.
  • New operations were acquired in the UK, Denmark, Norway and Finland, adding a total of 675 new employees to our workforce, while we have entered into an agreement to divest Ramboll Informatik A/S with close to 250 employees.
  • Major new wins in H1 2011 include a role as lead partner in the Joint Venture that is to design the bridge, roads and land work structures for the Forth Replacement Crossing in Scotland; the design of Greenland’s new iconic National Gallery in collaboration with BIG architects, the design of a 6.4 km long stretch of the E18 highway in Southern Norway, including the design of a new bridge; and the design of a low carbon energy infrastructure for the Greenwich Peninsula development in London.
  • In several of Ramboll’s home markets, we have seen record-high rankings of Ramboll’s image this year. 
 

More information

 
Interim Report
Interim report 2011

Read the full Interim Report 2011 here.

Interim Report 2011

More information

Flemming Bligaard Pedersen
Flemming Bligaard Pedersen
Chairman of the Ramboll Foundation
T+45 5161 6100
Efbp@ramboll.com
Michael Rosenvold
Michael Rosenvold
Group Chief Financial Officer
T+45 5161 1000
Emlr@ramboll.com