Announcement • Jun 02
Norconsult ASA, Annual General Meeting, May 04, 2027 Norconsult ASA, Annual General Meeting, May 04, 2027. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Birgitte Engebretsen was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Birgitte Engebretsen was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 12
Norconsult ASA to Report Q4, 2026 Results on Feb 10, 2027 Norconsult ASA announced that they will report Q4, 2026 results on Feb 10, 2027 Announcement • May 06
Norconsult ASA Appoints Birgitte Engebretsen as Board Member Norconsult ASA at its annual general meeting held on May 4, 2026 elected Birgitte Engebretsen as board member. Announcement • Apr 13
Norconsult ASA Proposes Cash Dividend for the Financial Year 2025, Payable on or About May 13, 2026 The Board of Directors of Norconsult ASA has decided to propose to the Annual General Meeting on the 4 May 2026, a cash dividend of NOK 1.80 per share for the financial year
Ex-date is May 5, 2026, the record date is May 6, 2026, and the payment date is on or about May 13, 2026. Announcement • Feb 12
Norconsult ASA Proposes Dividend for 2025 Norconsult ASA announced that the Board of Directors proposed a dividend of NOK 1.80 per share for 2025. Announcement • Aug 07
Norconsult ASA (OB:NORCO) completed the acquisition of Aas-Jakobsen Group from Aas-Jakobsen employees and the Aas-Jakobsen family. Norconsult ASA (OB:NORCO) entered into a definitive agreement to acquire Aas-Jakobsen Group from Aas-Jakobsen employees and the Aas-Jakobsen family for an enterprise value of NOK 1.4 billion on June 12, 2025. Norconsult will acquire Aas-Jakobsen based on an Enterprise Value of NOK 1.43 billion, representing 13.9x 2024 Adjusted EBITA. The final equity purchase price is subject to customary net debt and normalization of working capital adjustments. The equity purchase price will be settled 80% in cash and 20% in new Norconsult shares to be issued at closing, at a price per share equal to the volume weighted average share price for the 5 trading days prior to closing. The cash element is expected to be partly financed with a NOK 900 million new Term Loan facility. Pro forma Net debt (incl. IFRS 16) / LTM EBITDA as per Q1 2025 will be ~1x, against Norconsult’s long-term target of 2.0x.
For the period ending December 31, 2024, Aas-Jakobsen Group reported total revenue of NOK 470 million and EBITDA of NOK 103 million.
The transaction is subject to approval from the Norwegian Competition Authority. The transaction is expected to close in August 2025.
ABG Sundal Collier ASA acted as financial advisor for Norconsult ASA. Arntzen de Besche acted as legal advisor for Norconsult ASA.
Norconsult ASA (OB:NORCO) completed the acquisition of Aas-Jakobsen Group from Aas-Jakobsen employees and the Aas-Jakobsen family on August 6, 2025. Announcement • Jun 13
Norconsult ASA (OB:NORCO) entered into a definitive agreement to acquire Aas-Jakobsen Group from Aas-Jakobsen employees and the Aas-Jakobsen family for an enterprise value of NOK 1.4 billion. Norconsult ASA (OB:NORCO) entered into a definitive agreement to acquire Aas-Jakobsen Group from Aas-Jakobsen employees and the Aas-Jakobsen family for an enterprise value of NOK 1.4 billion on June 12, 2025. Norconsult will acquire Aas-Jakobsen based on an Enterprise Value of NOK 1.43 billion, representing 13.9x 2024 Adjusted EBITA. The final equity purchase price is subject to customary net debt and normalization of working capital adjustments. The equity purchase price will be settled 80% in cash and 20% in new Norconsult shares to be issued at closing, at a price per share equal to the volume weighted average share price for the 5 trading days prior to closing. The cash element is expected to be partly financed with a NOK 900 million new Term Loan facility. Pro forma Net debt (incl. IFRS 16) / LTM EBITDA as per Q1 2025 will be ~1x, against Norconsult’s long-term target of 2.0x.
For the period ending December 31, 2024, Aas-Jakobsen Group reported total revenue of NOK 470 million and EBITDA of NOK 103 million.
The transaction is subject to approval from the Norwegian Competition Authority. The transaction is expected to close in August 2025.
ABG Sundal Collier ASA acted as financial advisor for Norconsult ASA. Arntzen de Besche acted as legal advisor for Norconsult ASA. Announcement • Apr 11
Norconsult ASA Proposes Cash Dividend for the Financial Year 2024, Payable on or About May 14, 2025 The Board of Directors of Norconsult ASA has decided to propose to the Annual General Meeting on the 5 May 2025, a cash dividend of NOK 1.70 per share for the financial year 2024. Ex-date: 6 May 2025, Record date: 7 May 2025, Payment date: On or about 14 May 2025, Date of approval: 5 May 2025. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr0.18 (vs kr0.28 in 3Q 2023) Third quarter 2024 results: EPS: kr0.18 (down from kr0.28 in 3Q 2023). Revenue: kr2.20b (up 15% from 3Q 2023). Net income: kr51.0m (down 36% from 3Q 2023). Profit margin: 2.3% (down from 4.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: kr0.48 (vs kr0.28 in 2Q 2023) Second quarter 2024 results: EPS: kr0.48 (up from kr0.28 in 2Q 2023). Revenue: kr2.71b (up 15% from 2Q 2023). Net income: kr139.0m (up 76% from 2Q 2023). Profit margin: 5.1% (up from 3.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Announcement • Aug 20
Norconsult ASA, Annual General Meeting, May 05, 2025 Norconsult ASA, Annual General Meeting, May 05, 2025. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: kr0.36 (vs kr0.65 in 1Q 2023) First quarter 2024 results: EPS: kr0.36 (down from kr0.65 in 1Q 2023). Revenue: kr2.63b (up 5.9% from 1Q 2023). Net income: kr103.0m (down 43% from 1Q 2023). Profit margin: 3.9% (down from 7.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in Europe. Announcement • May 15
Norconsult ASA Approves Dividend, Payable on or About 24 May 2024 Norconsult ASA at its annual general meeting was held on 13 May 2024, general meeting approved distribution of a dividend of NOK 1.20 per share. The dividend is payable to shareholders holding shares in the company as per 13 May 2024. The shares will be traded ex-dividend on Oslo Stock Exchange from and including 14 May 2024. The dividend will be paid on or about 24 May 2024. Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: kr1.83 (vs kr1.58 in FY 2022) Full year 2023 results: EPS: kr1.83 (up from kr1.58 in FY 2022). Revenue: kr9.57b (up 14% from FY 2022). Net income: kr516.0m (up 14% from FY 2022). Profit margin: 5.4% (in line with FY 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Construction industry in Europe. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: kr1.84 (vs kr1.58 in FY 2022) Full year 2023 results: EPS: kr1.84 (up from kr1.58 in FY 2022). Revenue: kr9.57b (up 14% from FY 2022). Net income: kr516.0m (up 14% from FY 2022). Profit margin: 5.4% (in line with FY 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Announcement • Feb 21
Norconsult ASA (OB:NORCO) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on October 11, 2023. Norconsult ASA (OB:NORCO) commences share repurchases on October 11, 2023, under the program mandated by shareholders in the Extraordinary General Meeting held on October 11, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The price to be paid for repurchase should be between NOK 1 per share to NOK 200 per share. The authorization will be valid till next Annual General Meeting but not later than June 30, 2024. Announcement • Jan 23
Norconsult ASA to Report Fiscal Year 2023 Results on Apr 18, 2024 Norconsult ASA announced that they will report fiscal year 2023 results on Apr 18, 2024 Board Change • Nov 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Chairman of the Board Nils Huseby was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
