ANNUAL REPORT 2015 No. 1 Career Barometer 3,000 Employees NEW BUSINESS CONCEPT, VISION >10,000 AND MISSION Projects Business Concept: «Norconsult ensures the quality of clients’ infrastructure and building projects by providing value-enhancing 28 consulting expertise» Employees with a PhD Vision: «We create solutions for the most challenging projects» 3,975 Mission: Sales MNOK «We use our know-how to enhance the world around us» 52 Countries with projects Countries with permanent offi ces Countries with projects in 2015 Countries with projects since 1956 Cover photo: Fornebuporten. Photo: NTB Scanpix. 2 CONTENT 4 CEO’s Report 6 This is Norconsult 8 Annual Report 2015 15 Income Statement 16 Balance Sheet 18 Strategy towards 2018 19 Corporate Governance 20 Expertise 21 BIM 22 Community Involvement 23 Working Environment 24 Our Market 30 Selected Projects from 2015 38 Offi ces and Addresses 3 CEO’s Report Strong momentum entering 2016 With sales of almost NOK 4 billion, Norconsult has confi rmed its position as a market leader in Norway, and as an established international challenger. Norconsult enters 2016 with strong momentum, having achieved the fi nancial targets the company set itself at the start of the year. External conditions became increasingly to boost the company’s competitiveness Professional Survey. We believe that our hostile in 2015, leaving many of our moving forward. focus on further education, management colleagues in the oil industry facing an development, professional network- uncertain future. It is therefore pleasing The industry’s leading lights ing, innovation courses, BIM (Building to confi rm that Norconsult has held its Norconsult’s workforce is selected from Information Systems) and other types of course in the face of such turbulence. the industry’s leading professionals. Over expertise development will enable us to the last decade, we have doubled the retain the industry’s leading talents in the Competitiveness size of our workforce to almost 3,000 years ahead. Increased competitiveness will be skilled employees, 2,200 of whom work essential to achieving profi table growth in Norway. Last year, we welcomed 250 Outstanding projects in the years ahead. We have set ourselves new employees on board. Our new vision, which we adopted in ambitious targets for the above as we 2015 is as follows: “We create solutions enter our new strategy period 2016– Norconsult’s very lifeblood is leading in- for the most challenging projects”. 2018. dustry expertise, and the company aims to maintain its position as the industry’s Each year, Norconsult delivers more than Growth will be achieved in the Norwe- most attractive employer. The market- 10,000 projects of all sizes. We can bring gian and international markets, both ing campaign “It’s the sheer breadth of our knowledge and experience from organically and through acquisitions. our projects that makes everything so thousands of complex projects to all new Key elements of the strategy include exciting” clearly resonated with newly assignments. an undiluted focus on clients and the qualifi ed graduates. In 2015, Norconsult market, smarter work processes and or- was ranked number one in the Norwe- We approach each new project with ganisational development. Together, the gian Career Barometer Survey, and the respect, curiosity and a willingness to above improvement measures will help best in the industry in the Universum innovate. 4 «Norconsult shall continue to grow. We shall approach to the market, both internally and externally.» Our cultural platform LiVE, which Continued profi table growth comprises ten principles for A few clear and fundamental trends are management, values and ethics, is at underway in our world: globalisation, the heart of everything we do. LiVE is urbanisation and digitisation. At the same Norconsult’s statement on how we work time, the market is characterised by con- together with colleagues and clients, the solidation and price pressure. Together, face we present to society and how we the above off er many new opportuni- succeed. ties, at the same time as imposing major demands. We will have to keep our eyes In 2015, we completed a number of fi rmly on the ball and help to drive on- important projects, including Fornebu- going technical developments. porten and the Oslo Hub Concept Study. Norconsult shall continue to grow. We We are also in the middle of a series of shall have an active approach to the inspiring and exciting projects that will market, both internally and externally. keep us busy well into the future, includ- ing InterCity, Rogfast Pluss and Vamma. Among our international projects, par- ticular mention can be made of exciting power transmission projects in Botswana and the Sävehuset School project in Per Kristian Jacobsen Sweden. President and CEO 5 This is Norconsult Norconsult is Norway’s largest, and one of the Nordic region’s leading, interdisciplinary consultancy fi rms within regional planning, project design, and architecture and is owned by its employees. Our business spans four continents. We work to secure optimal quality of planning and construction projects for our clients, through value-adding consultancy services. Norconsult helps to create a more sustain- How we work pany’s offi ces the length and breadth of able society by providing innovative and Norconsult is a decentralised organisation Norway. Technogarden off ers engineering focused consultancy services, from con- in which local knowledge about the client expertise by hiring out consultants. The cept development and overarching plans and the project make a pivotal contribu- company also performs signifi cant activi- to project design and operational support. tion. ties within telecoms, targeting planning We give careful consideration to the more and project design of telecommunica- vulnerable areas of society and off er signifi - We share knowledge and collaborate tions infrastructure. cant expertise in environmental issues, risk across professional, organisational and management and contingency planning. geographical boundaries. Our clients have The largest company in the Norconsult At the same time, we exercise social clear expectations of us. This keeps us on Group outside Norway is Norconsult AB responsibility, including through partner- our toes and inspires us to make the in Sweden, which employs 425 staff in ships with various NGOs. Norconsult is an necessary improvements and keep Nor- 16 offi ce locations, the largest of which independent consultancy with no fi nancial consult moving forward along the right is in Gothenburg. The company is one of or other interests that could be deemed to lines. For all our projects, we aim to en- Sweden’s fastest-growing consultancy impact its objectivity. sure that the client and ourselves share a fi rms and delivers the same services as common understanding of targets, chal- Norconsult in Norway. Through our projects in Architecture, lenges, progress and deliveries. We ensure Buildings, Energy, Water, Industry, Oil and both the relevant expertise and suffi cient Norconsult’s Danish business is operated Gas, Environment, Planning, Transport, capacity to carry out the projects as through the wholly owned subsidiary Risk Management and IT, we use our ex- agreed. Norconsult Danmark A/S. The company pertise to enhance the world around us. is headquartered in Herlev near Copen- Our business spans four continents. In hagen, and also has offi ces in Aarhus and Each year, Norconsult delivers more than total, 2,200 of the company’s 3,000 em- Kalundborg. Thomas Bolding Rasmussen 10,000 projects both large and small in ployees work in Norway. Norconsult has was appointed as the new CEO in Norway and abroad for private- and public- 79 offi ces in Norway and abroad. December 2015. sector clients. We bring our knowledge and experience from thousands of projects to Largest subsidiaries in the Nordic Subsidiaries outside the Nordic all new projects. We approach each new region region assignment with respect, curiosity and a Norconsult Informasjonssystemer AS Norconsult has four subsidiaries in willingness to innovate. Our services include (NoIS) and Technogarden are our largest southern Africa, two in South America and project design and follow-up in various subsidiaries in Norway and are headquar- three in Southeast Asia, which together project phases, from needs assessments, tered in Sandvika. NoIS develops and sup- employ more than 190 staff . Activities pre-feasibility planning, preparation of plies end-to-end ICT solutions for project primarily encompass hydropower and specifi cations and tender documents for design, construction and management of transmission, along with some road existing facilities, including operating and infrastructure and property. The company projects. maintenance routines. employs around 100 staff in the com- 6 Norconsult’s management group. From left to right: Ola H. Norderhaug EVP International Operations; Fride A. Hærem EVP Staff ; Christian B. Nilsen CFO; Sten-Ole Nilsen EVP Energy; Sigurd Rugsland EVP Transportation and Planning – Western Region; Per Kristian Jacobsen CEO, Bård Hernes EVP Information Technology; Kjetil Ruud EVP Structures and Civil Works – Northern Region; Janicke P. Garmann EVP Environment and Risk Management – Southeast Region; Egil Gossé EVP Technical Systems – Central Region; Tom Baade-Mathiesen EVP Water and Sewage – Inland Region. The largest non-Nordic company is the Norconsult Holding AS wholly owned subsidiary NorPower Sdn Bhd in Southeast Asia, whose headquar- ters are in