Ramboll increases revenue despite sliding oil price

In spite of the plunge in oil prices, Ramboll Group achieved a revenue of about USD 1.2 billion in 2014, of which Oil & Gas accounted for 10 percent. But the company notes the hesitance from oil companies, CEO Jens-Paul Saul tells Danish newspaper Børsen.

Photo: Rambøll

Ramboll Group managed to increase its revenue by 6.4 percent, up to almost USD 1.2 billion in 2014, compared to USD 1.14 billion in 2013, according to the company's annual report.

Measured in local currencies, revenue increased by 8 percent, Ramboll writes. The operating profit (EBITDA) came to USD 60 million, compared to USD 56.9 million in 2013. This makes for an EBITDA margin of 5 percent, which is on par with the previous year, says Ramboll in a statement on the report. The reason for the lack of growth in this item is includes factors such as the significant slide in the oil price last fall as well as impairments made on projects in Great Britain and the Middle East, CEO Jens-Paul Saul explains to Børsen (article in Danish).

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