Middle East wins buoy Ramboll's $862m H1 2017 revenues

Middle East wins buoy Ramboll's $862m H1 2017 revenues
Damac Heights is one of Ramboll's Middle East projects.
Published: 24 August 2017 - 2 a.m.
By: Neha Bhatia

Danish engineering, design, and consultancy outfit, Ramboll, recorded $862m (DKK5.43bn) in gross revenue for the first half of 2017. 

The figure is "slightly higher than in the first half of 2016", the company said.

Ramboll recorded $859m (DKK5.41bn) as first-half gross revenue last year. 

Profits for the first-half of 2017 amounted to $16m (DKK102m), an increase over H1 2016's profit, worth $11m (DKK69.3m). 

Ramboll was recently awarded six projects in global markets, worth more than $158.7m (DKK1bn), which have boosted its H1 2017 performance and outlook for the year ahead. 

"A handful of new significant projects" in the Middle East and Americas, with a total value exceeding $47.6m (DKK300m), have also benefited the company's respective regional businesses, according to a press statement. 

Commenting on the financial results, Jens-Peter Saul, CEO of Ramboll Group, said: "I am pleased to see that our business units are delivering in line with our strategy by winning and delivering several high profile projects, not least in the Nordics, UK and US, which gives us confidence for the rest of the year and for 2018." 

Ramboll's Middle East team has consulted on key projects in Dubai, including the delivery of integrated structure and services design for Damac Heights (pictured), and refurbishment works for Deira City Centre.  

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