2010: HEADING FOR FUTURE
During 2010 NIRAS achieved significant improvement in financial performance and implemented substantial changes designed to enable NIRAS to benefit from future opportunities.
Total revenue amounted to € 136 million (+ 7 %), EBITA totalled € 3.9 million compared to a deficit of € 4.1 million in 2009. Services related to large scale infrastructure, public utilities, environment and, not least, development planning contributed to this improvement.
Important megatrends, including health, climate change, shortage on natural resources and urbanisation imply an increasing demand for NIRAS' expertises and solutions.
During 2010, NIRAS' dedicated efforts to create a strong position on the large scale infrastructure market led to the award of major port, railway and road contracts. NIRAS’ position as Danish market leader in the remediation of contaminated sites successfully paved the way for the development of these services in Sweden. Moreover, NIRAS' very strong position in the field of development planning creates huge potential related to the intense focus on natural resources from the developing world.
The market for building services, NIRAS' largest business area, remained weak during 2010. Fortunately, however, our strategic focus on the substantial investments in upgrading the health sector proved highly successful. NIRAS has been awarded several important client consultancy and technical design contracts for Danish hospital projects. This position creates a solid basis for international ambitions in this field.
Large engineering projects are becoming increasingly interdisciplinary in nature, and project teams are often formed across NIRAS' organisational units. Our multidisciplinary profile and deep-rooted tradition of working across disciplines and organisational units provide an adequate response to this market trend.
Changes implemented over the past year include a new organisational structure, aligning our expertise in 25 dedicated business units, each serving a specific service-market combination. Furthermore, we have reviewed and aligned our mission, vision and values, resulting in a set of fundamental behaviours designed to differentiate NIRAS by living our values. We also implemented a new ERP system, corporate brand and design line.
NIRAS' fundamental value proposition is to turn our clients' visions or challenges into sustainable solutions. We would like to take this opportunity to thank our clients for their inspiring and trusting corporation and our employees for their dedicated efforts and focused approach, during a year in which we implemented important changes and significantly improved our financial performance.
Kresten Kloch, CFO, MSc economics
Markus Davelid, International Director, MSc agronomy
Carsten Toft Boesen, CEO, MSc geology, MBA
Download Annual Report 2010 (.pdf)