Consulting engineering group Ramboll has reported its highest organic growth in 14 years, despite global economic turbulence
Ramboll has reported its highest organic growth (9.9%) in over a decade, with a 12.6% increase in gross revenue to DKK 16.0 billion(almost £1.9bn).
Ramboll also increased its operating profit before amortisation of goodwill, brand, and customer contracts (EBITA) by 10% to DKK 937 million (over £110m), giving an EBITA margin of 5.9%, which is slightly lower than last year (6.0%).
Growth was particularly high in UK and Germany, with more than 20% organic growth, with Denmark and Norway also contributing significantly to the Group’s growth.
Ramboll’s order book increased on 2021’s figures by 8.8% to DKK 7.9 billion(approx. £935m).
Renewable energy and technologies have been a key driver of Ramboll’s growth
High demand for services in renewable energy including offshore wind and Power-to-X solutions have been identified as key drivers of Ramboll’s success.
Other services such as water and climate adaptation, low-carbon buildings and developing sustainability strategies have also been in high demand.
Business units for Energy, Water, Buildings and Management Consulting all achieved double-digit organic growth.
Group CEO Jens-Peter Saul says: “I am pleased with our performance in 2022, particularly our strong growth which landed well above expectations after a record result in 2021. Despite headwinds in the world economy, we have managed to deliver double-digit gross revenue growth and the strongest organic growth in 14 years. This growth is driven by a high demand for sustainable solutions and the dedication of our fantastic employees.
“Across our geographies the strong desire for sustainable solutions by our clients, who are motivated to decarbonise value chains and deliver on global goals for climate and nature, is a strong growth driver for Ramboll.”
Recent UK developments include the Ev0 building in Manchester
Designed in accordance with the UK Green Building Council framework, Ev0 is expected to be one of the most operationally efficient office buildings in the UK, culminating in running costs 58% cheaper than a traditional new build.
At the heart of Ev0 is a timber frame that stores carbon from the atmosphere, employing a process called sequestration to help the finished building secure net zero carbon in construction and operations.
94% of Ev0’s energy demand will be generated on site. Upfront embodied carbon has been reduced to circa 500 kg CO2e/m2 through use of low carbon concrete and a timber frame. Extensive use of timber in the building structure helps store approximately 4,000 tons CO2e.
A decisive decade to deliver net-zero
Jens-Peter Saul continued: “This decade will be decisive for the world to limit the rise in global temperatures and to take the necessary steps towards net-zero. I am pleased to see that sense of urgency in the form of a high demand for green and sustainable solutions all over the world, as well as major economies taking significant climate action.
“Right now, the US is investing billions in its green industry. Recently the EU unveiled plans for its own Green Deal that will enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality.
“So even though high energy prices, stretched supply chains, and the tragic war in Ukraine continue to strain the world economy, we also have reason to be positive about the collective effort we see to address the most pressing issue of our time: halving global emissions by 2030 to avoid catastrophic climate change.”
