Ramboll Implements New Operating Model to Improve Agility and Position for Growth Amid Challenging Market Conditions

Ramboll Implements New Operating Model to Improve Agility and Position for Growth Amid Challenging Market Conditions

(IN BRIEF) Ramboll reported a challenging financial performance in 2025 amid macroeconomic pressures, with declines in revenue, earnings, and organic growth driven by weaker activity in Buildings and Architecture and delays in energy transition projects. In response, the company implemented a new operating model aimed at simplifying operations, improving agility, and reducing costs, while also strengthening its global knowledge platform and client focus. Despite the downturn, Ramboll maintained a stable order book and delivered strong results in key sectors such as Environment & Health, Wind Energy, Rail, Data Centres, and Life Sciences. The company continued to advance major projects in sustainable infrastructure, renewable energy, and low-carbon development across multiple regions. Strategic acquisitions, including Envidan, TransGrid Solutions, and Temple, further enhanced its capabilities. Ramboll remains focused on long-term growth opportunities tied to decarbonisation, resilience, and the global energy transition, with improving momentum observed entering 2026.

(PRESS RELEASE) COPENHAGEN, 18-Mar-2026 — /EuropaWire/ — Ramboll has taken significant steps to reinforce its operational foundation during a financially challenging 2025, focusing on strengthening its global knowledge platform, enhancing organisational agility, and reducing structural complexity and costs.

The company navigated a difficult macroeconomic environment that impacted overall financial performance. Gross revenue reached DKK 17,282 million, representing a 1.6 percent decline compared to 2024, while EBITA stood at DKK 898 million, down from DKK 943 million the previous year. Organic growth was negative at -2.5 percent, compared to positive growth in 2024, and the EBITA margin slightly decreased to 5.2 percent. Profit before tax fell to DKK 405 million from DKK 584 million in 2024. Despite these pressures, Ramboll’s order book saw a modest increase of 0.4 percent, indicating underlying demand stability.

The decline in performance was largely driven by weaker activity in key areas such as Buildings and Architecture, alongside challenges in the Energy segment where policy uncertainties led to delays or cancellations of projects related to the green transition. In response, Ramboll introduced a new operating model aimed at simplifying its structure, reducing overhead costs, and improving responsiveness to client needs. The model is designed to strengthen sector focus, enhance collaboration across global teams, and bring the organisation closer to its clients.

Group CEO Jens-Peter Saul acknowledged that the financial results did not meet expectations but emphasized that decisive actions have been taken to improve performance. These include restructuring initiatives, cost-saving measures, and the acquisition and integration of several specialist firms, which collectively enhance Ramboll’s capabilities. He highlighted that the company is now better positioned for renewed growth, supported by a stable order book that has shown positive development entering 2026.

Despite financial headwinds, Ramboll continued to deliver advanced solutions in resilience and decarbonisation across a wide range of sectors. The company contributed to projects involving transport infrastructure, sustainable data centres, pharmaceutical manufacturing, power grid modernisation, urban climate adaptation, and low-carbon energy systems. Notably, strong performance was recorded in the Environment & Health business area, as well as in sectors including Wind Energy, Rail, Data Centres, and Life Science & Pharmaceuticals.

Ramboll remains firmly committed to supporting the global transition to a low-carbon economy, advising clients on renewable energy adoption, energy efficiency improvements, and decarbonisation strategies across industries. The company sees continued long-term demand for renewable energy solutions, including wind, solar, and energy storage, with Asia-Pacific expected to play a key role in driving future growth.

Resilience continues to be a central focus for Ramboll, as clients increasingly seek solutions to address climate risks, evolving energy demands, and geopolitical uncertainties. The company’s advisory services aim to help societies anticipate and adapt to change while maintaining essential infrastructure and services.

In 2025, Ramboll further expanded its capabilities through targeted acquisitions. The addition of Envidan strengthened its Water business area by bringing nearly 500 experts in water and wastewater management across Scandinavia, pending regulatory approval. The company also integrated TransGrid Solutions in Canada and Temple in the United Kingdom, enhancing its expertise in power systems and environmental consultancy.

Among its notable project achievements in 2025, Ramboll was selected to design the M4 metro extension in Copenhagen, supporting sustainable urban mobility and contributing to the city’s vision of a more accessible and resilient urban environment. In the United States, the company partnered with TeraWulf to transform a former coal-fired power plant site into a large-scale low-carbon data centre. In South Korea, Ramboll delivered detailed engineering for the 532 MW Anma offshore wind project, which is expected to generate over 1,400 GWh of clean electricity annually. Additionally, the company secured a major contract to support Novonesis in expanding food-grade manufacturing facilities in Denmark, strengthening its position in the life sciences and pharmaceutical sector.

Financially, Ramboll reported total assets of DKK 9,608.9 million and total equity of DKK 3,624.6 million, maintaining a solid equity ratio of 37.7 percent. The company also demonstrated progress in sustainability, reducing total greenhouse gas emissions to 114,622 tCO2e and maintaining steady gender diversity at 38 percent female representation.

Key figures and financial ratios 2025 2024 2023
Income statement, DKK-million
Revenue 17,282.4 17,554.6 17,014.6
Net project revenue (NPR) 14,613.0 14,557.3 14,054.2
Operating profit before depreciation and amort. (EBITDA) 1,124.1 1,175.8 1,248.9
Operating profit before amortisation of goodwill, brand, and customer contracts (EBITA) 898.2 942.8 1,033.3
Profit before tax 405.1 583.9 607.4
Profit for the period 204.8 296.7 390.5
Balance sheet
Total assets 9,608.9 10,174.7 10,401.5
Total equity 3,624.6 3,742.0 3,377.9
Net interest-bearing cash/(debt) 450.7 469.1 435.1
Cashflow, DKK-million
Cashflow from operating activities 440.4 731.7 459.2
Cashflow from investing activities (258.0) (708.5) (417.0)
Investment in tangible assets, net (128.7) (176.4) (239.0)
Cash flow from financing activities (38.4) (198.6) 236.4
Net cash flow for the period 144.0 (175.4) 278.6
Employees
Number of employees, end of period 17,757 18,012 18,301
Average number of full-time employees 16,901 17,107 17,066
Financial ratios as %
Revenue growth (1.6) 3.2 6.3
Organic growth (2.5) 1.9 8.8
Organic growth, Net project revenue (NPR) (0.6) 2.3 9.3
EBITDA margin 6.5 6.7 7.3
EBITA-margin 5.2 5.4 6.1
Cash conversion ratio 92.5 103.8 62.6
Equity ratio (solvency ratio) 37.7 36.8 32.5
Key figures, sustainability
Total GHG-emissions Scope 1, 2 & 3 in tCO2e 114,622 124,531 134,127
Gender diversity, women % 38 38 37
Rate of recordable work-related accidents for own workforce 1.5 1.4 1.2
About Ramboll

Ramboll is a global architecture, engineering and consultancy company founded in Denmark in 1945. Ramboll’s close to 18.000 employees create sustainable solutions across Buildings, Transport, Architecture & Landscape, Water, Environment & Health, Energy and Management Consulting. Across the world, Ramboll combines local experience with a global knowledgebase to create sustainable cities and societies. We combine insights with the power to drive positive change to our clients, in the form of ideas that can be realised and implemented.

Ownership

The Ramboll Foundation is the main owner of Ramboll Group, and its primary objective is to promote the company’s continuance alongside the long-term development of the company, its employees, and the communities it serves. The Ramboll Foundation owns 98 pct. of the company’s shares. The remaining 2 pct. are owned by Ramboll employees.

Media contact:
press@ramboll.com

SOURCE: Ramboll Group AS

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