AnnuAl report 2013 annual report 2013 contents aBOUT NORCONSULT 4 CEO letter 7 2013 in brief norconsult is an interdisciplinary engineering and design consultancy, providing services to clients in the public and private sectors worldwide. 8 This is Norconsult the company is the leading norwegian consultancy, a considerable 10 Board of Directors Report 2013 european player, and has proven a substantial international presence and experience in projects on every continent. 17 Income Statement 18 Balance norconsult contributes to a sustainable society by providing innovative and targeted consulting services. the company is committed in its consultancy 20 New CEO and selection of solutions, to take into consideration society’s vulnerability, 22 Innovation starts here - Care to join us? and has substantial experience within the fields of environment, safety/risk and preparedness. 23 Norconsults´s Management Group 24 Strategy 2012-2015 norconsult covers all phases of a project cycle, from the earliest pre-investment and feasibility studies, through planning and design, tendering and construction 25 LiVE Norconsult supervision, to project implementation, operations and maintenance. 26 Integrity programme norconsult’s consultancy services shall support its clients’ value creation and 28 Business areas and projects success. 34 Addresses cover photo: norconsult was consulting engineer for Holmenkollbakken - From the demolition of the old to the completion of the new ski jump arena. In addition, our light designers, in collaboration with our architects, were responsible for the artistic lighting. they received the norwegian lighting prize 2013 for this work. Photo: Ketil Jacobsen 2 / AnnuAl report 2013 AnnuAl report 2013 / 3 Norconsult – your local consultant that can call on an entire organisation’s expertise and experience With more than 80 years’ experience, the norconsult Group has established a solid foundation as an influential player on the national and international stage, and today enjoys a well-earned reputation as norway’s most complete and sought-after consultancy body specialising in regional planning and project design. our business is primarily based on the plays a critical role in empowering the power projects in which our extensive focus on professionalisation of assign- premise of creating value through company to move forward in a market expertise and unique experience is ment management. We constantly work assignments. each year the company characterised by constantly sharper much sought-after. these regions offer to identify efficiency improvements carries out more than 10,000 assign- competition and constant change. In major potential for development of when implementing our assignments ments of all sizes in norway and abroad. 2013 the norconsult Group deliberately sustainable energy. norconsult can and equip ourselves to deal with even We would like to take this opportunity to continued to expand its service range, make a significant contribution in this tougher competition moving forward. thank our many customers and partners geographical presence and capacity on area. In a world with steadily rising for their ongoing and fruitful dialogue the back of organic growth, new greenhouse gas emissions, it is encour- our focus on development and inno- during 2013, and for the frequent posi- set-ups and five acquisitions. We will aging and consistent with our social vation creates new arenas in which tive feedback which confirms that our continue to enhance our employee- responsibility remit and desire to thoughts and ideas can be aired and efforts are appreciated. owned, multidisciplinary company to achieve sustainable development that exchanged in constructive meetings allow us to compete on an equal we as a company are making such a with our clients. the company actively Profitable growth footing with our major international commitment to renewable energy, and focuses on training its own innovation We have invested significant resources competitors. Achieving growth is vital thus are actively helping to combat process managers whose role is to act in expertise development for a number for a healthy company and will play a greenhouse gas emissions. as facilitators in creative project phases. of years, and it is something of a important role in reinforcing our com- norconsult is constantly looking for paradox that this expertise base, our petitiveness and enabling us to maintain Decentralised organisation ways of improving the way in which most important asset, does not directly our leading position. – focus on innovation – one brand it implements assignments – not just appear on the balance sheet. Strong At the start of 2014, norconsult had 49 doing things properly, but also ensuring results are also contingent on our own International success offices in norway and 32 offices abroad. that we do the right things. productivity and efficiency. the Group is also making progress norconsult is a flat and decentralised Consequently, it is pleasing to confirm outside norway. the company’s 21 organisation where local knowledge We offer advice within a series of that 2013 proved yet another record local offices in Sweden produced sales about the client and the project are key professional areas, have many organi- year for the norconsult Group, with growth of 9 per cent, while in Denmark success factors. As one of the leading sational units and a local presence with sales of MnoK 3,586, which were up sales more than trebled on the back of consultancy firms in the nordic region offices in many countries. MnoK 384 on the previous year, and strong organic growth and the acquisi- we aim to offer our clients a little bit an operating profit before tax of MnoK tion of Wessberg A/S. extra in terms of access to resources, the aim is to ensure that the norcon- 308. professional expertise sult brand and thus the entire Group Sales in the company’s non-nordic and experience. We do this by sharing enjoys a consistent and robust profile. We are also delighted to see that the subsidiaries remained roughly on a par knowledge and collaborating efficiently this means partners and clients will gain strong growth has not adversely with the previous year. our focus on across professional, organisational and the same enduring impression of the impacted the company’s earning renewable energy in South America, geographical dividing lines in a diffuse company, regardless of where they are ability or financial solidity. Good results southern Africa and South-east Asia is organisation. projects performed during located, whether in norway or abroad: provide motivation, and having paying dividends, and we are currently the year included enhancing our one norconsult. sufficient room to manoeuvre financially heavily committed to important hydro- professional network, our It infra- structure and not least a significant 4 / AnnuAl report 2013 AnnuAl report 2013 / 5 2013 in brief “One important challenge in future will be to generate stronger growth and results in order to confirm Norconsult’s position on the international consultancy stage in particular.”. Corporate social responsibility norconsult’s culture is firmly rooted norconsult has never been in a better Acquisitions in 2013: 3600 mill mill % 45 – corporate culture in principles of honesty and showing state, and we are justifiably confident 3400 300 • rG-prosjekt AS in nord-trøndelag norconsult takes its corporate social respect for others. running a success- that the company will continue to fare • Ing. Hallås lillehammer AS in 3200 280 responsibility seriously and this area ful and sustainable business requires the well in competition for exciting new 40 lillehammer and Gjøvik 3000 features prominently in the company’s confidence of and a good reputation assignments in the future. 260 • Arkitektstudio AS in Bodø 2800 ethical guidelines. We are keen to among clients, employees and society • Wessberg A/S in Denmark 240 35 ensure that the advice we offer and our in general. our ethical guidelines help After 13 years steering the Good Ship 2600 • Astando AB in Sweden 220 selection of solutions also cater for to ensure that everyone who represents norconsult, I am now handing over the 2400 30 200 vulnerable areas of society and contri- norconsult acts in an ethically respon- wheel to the new Captain, per Kristian 2200 bute to sustainable solutions to take sible manner and complies with the Jacobsen, who after eight years as Acquisitions since 1 January 2014: 2000 180 25 account of the surrounding environ- company’s core values. Chairman is more than familiar with the • Mjelde og Johannesen AS in Stavanger 1800 160 ment. over a number of years we have business. per Christian is inheriting an • planConsult VVS AS in namsos built up significant expertise on the The future of the business unbelievably strong team of expert and and Steinkjer 1600 140 20 environment, safety, risk and contingency committed staff, whose drive gives us 1400 the norconsult Group’s financial solid- • Astra north AS in Stavanger 120 arrangements and are encountering great confidence for the future. I wish ity, expertise, market position and order • pW Arkitekter AS in Harstad 1200 15 growing demand for our services within him and the company continued 100 book put the company in a healthy • VA-Support AS in Kløfta 1000 these areas. to fulfill our corporate success. You all know the course we are 80 position moving forward. one important 10 social responsibility we must understand set on – so for norconsult it is now a 800 challenge