Carsten Toft Boesen
"It is clear that the financial and business rationales behind the merger were entirely correct, and that the merger will contribute significantly to increased growth and earnings in the coming years,” says Chief Executive Officer Carsten Toft Boesen.
Excellent results following successful merger

NIRAS presents excellent results following successful merger

Following a successful merger and several strategic acquisitions, NIRAS’ revenue has increased by 44 percent. The company has laid the foundation for further growth and increased earnings through long-term investments in developing new knowledge as well as helping customers realize the UN’s 17 Sustainable Development Goals.

04. Apr 2018

In 2017, NIRAS achieved revenue of DKK 2,1bn, a growth of 44%. The growth is - in addition to the merger with ALECTIA - a result of positive growth in all business areas. Operating profit (EBITA) reached DKK 50m. The result is affected by the extraordinary merger costs of DKK 23m, and the results before merger costs amounted to DKK 73m.

"A year after the merger between NIRAS and ALECTIA, we are seeing the results in the form of a significantly strengthened position, especially in relation to construction and industry, as well as a wealth of new market opportunities across customers and business areas. It is clear that the financial and business rationales behind the merger were entirely correct, and that the merger will contribute significantly to increased growth and earnings in the coming years,” says Chief Executive Officer Carsten Toft Boesen.

Investments in continued growth
In addition to the merger, NIRAS in 2017 invested in acquisitions and market development in Sweden and Norway, in addition to international top-level expertise in food production and offshore wind energy. There will be more of these types of investments in the coming years, says Carsten Toft Boesen.

"There are good opportunities to grow organically by combining existing business areas and geographic markets, but we are also very aware of the opportunities to acquire companies that fit into NIRAS' strategy and culture."

In 2017, NIRAS acquired five companies in the Netherlands, Norway and Sweden and thereby added an additional 115 specialists in consultancy to the dairy processing and packaging, construction project management and architecture.

Development in cooperation with universities
The requirements for knowledge and technology within NIRAS’ business areas are sharply increasing. That is why NIRAS is prioritising cooperation with universities and research communities which will develop new knowledge and technology at a high level:

“We are initiating Ph.D. projects on an ongoing basis in cooperation with universities in Denmark and the rest of Scandinavia. Currently, we are implementing seven research projects, and we will continue doing this as part of our development work,” says Carsten Toft Boesen.

New business areas in sustainability
NIRAS’ strategy towards 2020 is based on the UN’s 17 Sustainable Development Goals.

"At NIRAS, sustainable solutions have been part of our DNA for many years. In the development of our strategy towards 2020, we have put additional energy into how our business areas can contribute to the UN’s 17 Sustainable Development Goals. Two Danish examples include the development of a large industrial site in Aalborg - a larger city in the north of Jutland - with a focus on sustainable urban development and a climate-proof port area, in additional to new underground cloudburst tunnels in Copenhagen, which will protect the capital against extreme weather,” says Carsten Toft Boesen.

Key figures

 

2013

2014

2015

2016

2017

Revenue

1190

1255

1317

1474

2125

From own production

927

962

1006

1106

1647

EBITA

48

45

51

56

50

EBITA margin

5.2%

4.6%

5.1%

5.1%

3.1%

EBITA excl. merger costs

 

     

73

Earnings after taxes

23.1

33.2

36.2

39.2

20.3

Number of employees (avg.)

1375

1370

1404

1475

2206

 

Annual Report 2017 (iPaper)