Ramboll posts record half-year revenue
Wednesday, 29 August 2012 13:37
Ramboll posted its highest half-year revenue to date in H1 2012 thanks in part to its growing activities in the Middle East
The Danish engineering, design and consultancy firm posted a H1 2012 revenue of US$655.2mn marking a significant increase on the US$590.8mn it posted for the same period in 2011.
The company, who is currently working on the contract to develop a 30-year master plan for UAE emirate Fujairah, said its performance in the Middle East was "underpinned by an increased presence in the major regional markets of Saudi Arabia, the UAE and Qatar".
Ramboll CEO Jens-Peter Saul said, "In a highly competitive global market situation, we have strengthened our international delivery model and are leveraging our expertise globally in order to win landmark projects.
"We are performing as planned and delivering higher profitability than last year."
According to a statement from the firm, its performance in the Middle East was strengthened due to an increase in its activities in both the transport and environment markets.
Ramboll, who won a range of new projects in the first six months of 2012, can currently boast of a global order book worth US$539mn.