Norconsult ASA NORCO

Oslo Børs · Industrials · Engineering & Construction

35.75 NOK +1.3% 2026-11-06

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Annual accounts for Norconsult

NOK million	2022	2023	2024	2025
Income statement
Revenue	8,423	9,567	10,414	11,399
EBITDA	1,049	1,176	1,106	1,476
Net income	454	516	496	651
Balance sheet
Equity	2,256	2,065	2,532	3,114
Total debt	1,578	1,619	1,633	3,012
Cash	960	535	1,173	1,220
Net debt	618	1,084	460	1,792
Ratios and per share
EBITDA margin	12.5%	12.3%	10.6%	12.9%
Profit margin	5.4%	5.4%	4.8%	5.7%
Return on equity	20.1%	25.0%	19.6%	20.9%
Earnings/share (NOK)	1.59	1.81	1.65	2.10
Book value/share (NOK)	7.90	7.23	8.40	10.04
Shares outstanding (M)	286	286	301	310

From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →

Quarterly figures from the reports

Beta

From the company's own reports: 13 reports read by AI, every figure checked against the report's page and arithmetic.

Revenue Q3 2026

2,648

NOK million

Operating profit Q3 2026

184

NOK million

EPS Q3 2026

0.38

NOK

One-off items found

in 13 reports

Source: the Q3 2026 report, page 18, published 2026-11-03.

Quarter	Revenue	Operating profit	Profit	EPS	Adj. EPS	Source
Q3 2026	2,648	184	118	0.38	…	Q3 2026, p. 18
Q2 2026	3,255	189	132	0.43	…	Q2 and H1 2026, p. 19
Q1 2026	3,420	290	193	0.62	…	Q1 2026, p. 17
Q4 2025	3,206	202	149	0.48	…	Q4 and FY 2025, p. 18
Q3 2025	2,467	189	132	0.43	…	Q3 and YTD 2025, p. 22
Q2 2025	2,783	136	113	0.37	…	Q2 and H1 2026, p. 19
Q1 2025	2,943	329	257	0.85	…	Q1 2025, p. 11
Q4 2024	2,877	179	202	0.68	…	Q4 and FY 2024, p. 12
Q3 2024	2,196	74	51	0.18	…	Q3 2024, p. 12
Q2 2024	2,710	171	139	0.48	…	Q2 and first half year 2024, p. 12
Q1 2024	2,631	145	103	0.36	…	Q1 2024, p. 11
Q4 2023	2,684	98	74	0.26	…	Q4 and FY 2023, p. 20

Amounts in NOK million, EPS in NOK. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.

One-off items in the reports

2026-09-30 ERP costs, adjusting item to EBITA (YTD Q3 2026, as shown in the adjustment table): −84.0 NOK million (Q3 2026, p. 36)
2026-09-30 External project costs for implementation of a cloud-based ERP system in Norway, excluded from adjusted EBITA (YTD Q3 2026): −87.0 NOK million (Q3 2026, p. 7)
2026-09-30 External project costs for implementation of a cloud-based ERP system in Norway, excluded from adjusted EBITA (Q3 2026): −30.0 NOK million (Q3 2026, p. 6)
2026-06-30 ERP costs adjusting item to EBITA and EBITDA (table): −38.0 NOK million (Q2 and H1 2026, p. 36)
2026-06-30 Cloud-based ERP implementation external project costs, excluded from adjusted EBITA: −40.0 NOK million (Q2 and H1 2026, p. 6)
2026-03-31 ERP costs (external costs excluded from adjusted EBITA): −17.0 NOK million (Q1 2026, p. 6)
2025-12-31 External ERP project costs excluded from adjusted EBITA: −18.0 NOK million (Q4 and FY 2025, p. 6)
2025-12-31 Acquisition-related transaction costs excluded from adjusted EBITA: −7.0 NOK million (Q4 and FY 2025, p. 6)

Found by AI and still being validated: hover for the report's own words.

Extracted by an AI model from the reports and can be wrong. Not investment advice.

Key figures

P/E	17.0
P/B	3.6
EV / EBITDA	8.7
Net debt / EBITDA	1.2
Return on equity	20.9%
Profit margin	5.7%
Beta 1Y	0.14
Revenue growth 1Y	+9.5%
Revenue CAGR 3Y	+10.6%
Earnings/share CAGR 3Y	+9.7%
ROE avg. 3Y	21.8%

Ratios use the latest annual report that was public 90 days after the year end.

Dividends per share (NOK)

2026	1.80
2025	1.70
2024	1.20

Not investment advice. Figures may contain errors from the data source.