The revenue during the year increased to DKK 3,512.6 million (3,165.9). Operating profit increased to DKK 204.0 million (177.3). Profit before tax during the year increased to DKK 192.7 million (155.1). The equity ratio at year-end was 35% (28%). This increase is attributable to repayments of external fi nancing enabled by the strong cash flow. Shareholders’ equity amounted to DKK 611.2 million (475.5).

Employees

At year-end we employed 4,451 people (4,168) in Ramboll. In 2005, Ramboll recruited 978 people, another 55 were added through acquisitions while 750 employees left the company. The actual number of employees thus increased by 283.

Financial position

Cash in hand and at bank at the end of the year totalled DKK 154.6 million (136.1). Interestbearing liabilities amounted to DKK 197.9 million (312.5). The cash flow from operating activities was DKK 180.1 million (219.2).

Investments

New investments in plant and equipment amounted to DKK 50.3 million (44.4) and in leasehold improvements to DKK 1.8 million (1.3). Investments referred primarily to computers and other IT systems. During the year depreciation of tangible assets and software etc. totalled DKK 47.1 million (47.1).