Ramboll delivers a solid result in difficult times

In the first half of 2020, Ramboll achieved a gross revenue of DKK 7 billion, a minor decline compared to the same period in 2019. Organic growth was negative 1.5% compared to 3.9% in the first half of 2019. Operating profit before amortisation (EBITA) was DKK 372 million compared to DKK 309 million in the same period last year. At 5.3%, the EBITA margin was above the same period last year (4.4%) and this corresponds to an improvement of 0.2%-point in the underlying margin. The number of employees resembles the level as in same period last year.

“The first half of 2020 was characterised by the lockdown of societies around the world. By focusing on our clients and quickly adjusting our cost base, we have experienced only a minor decline in revenue and we have been able to sustain our margin and a strong cash flow. This solid performance is due to the strong efforts of our employees who have shown both immense dedication and flexibility when working closely together with colleagues and clients,” says Group CEO Jens-Peter Saul.

“Looking at our markets, we have achieved positive organic growth in the Nordics and in Ramboll’s global Water and Transport markets, while performance in the US and UK are negatively impacted by the COVID-19 outbreak. We are aware that the crisis is far from over, and we are continuously working to secure that Ramboll comes out of the crisis strongest possible,” says Group CEO Jens-Peter Saul.