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Ramboll reports £16.4M half year profit

NCE stock business

Ramboll has posted financial results for the first half of 2016.

The company has seen pre-tax profits reach DKK 142M (£16.4M) compared to DKK 82M (£9.5M) for the same period in 2015.

Ramboll’s gross revenue hit DKK 5.4bn (£630M), an increase despite poor conditions in the company’s oil and gas markets.

“Ramboll has delivered a significantly better first half year result in 2016 than in the same period last year. I’m pleased that over the last 12 months, we have managed to deliver the highest operating profit (EBITA) in the company’s history despite challenging market conditions,” said Ramboll Group CEO Jens-Peter Saul.

“The continued difficult oil and gas market and the yet unknown consequences of Brexit give rise to uncertainties and challenges in the future that we are determined to overcome. However, with a strong client focus we expect continued growth in the second half of 2016 and a healthy result for the full year.” 

The company attributes its success to strong performance in the Nordic sector, and its global energy business unit.

This year has seen Ramboll win energy projects that include a 100 turbine wind farm in China and Lynemouth Power Station’s conversion from coal to biomass.

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