Ramboll records operating profit of $85.3m in 2016
Ramboll Group recorded its highest ever operating profit in 2016, recording a year-on-year rise of 27% to achieve $85.3m
Ramboll Group recorded an operating profit of $85.3m in 2016, representing a 27% year-on-year rise.
This figure, which relates to operating profit before goodwill amortisation, is the largest in the company’s history.
The firm also achieved an EBITA margin of 5.7% last year, a 1.2% increase compared to 2015.
The Denmark-headquartered consultancy is now net-debt free, despite its acquisition of Environ in Q4 2014 – also the largest in the company's history.
Jens-Peter Saul, chief executive officer of Ramboll, commented: “I am pleased with the good operational performance across our business in 2016.
“Despite the extremely challenging oil and gas market, we managed to deliver a significantly higher EBITA margin than in 2015, due to strengthened focus on efficiency and project execution.
“We have good reason to look positively at 2017, which marks the start of our new strategy period. We have a solid basis to continue our journey with a global presence, a strong position in key markets, financial strength, and an organisation of dedicated, passionate, and capable employees.”
Ramboll won several high-profile projects in 2016. It was enlisted to design one of China’s largest offshore wind farms, it was appointed as lead consultant for Denmark’s Kronløbsøen artificial island, and it was contracted to convert Massachusetts Institute of Technology’s (MIT) steam system to hot-water district energy.
“We are determined to overcome the continued challenging market situation due to the low oil price, Brexit, and the geopolitical instability. Together, we will focus on excellent delivery to our clients using the full expertise of our global talent,” Saul added.