Vilhelm Lauritzen Architects lifts top and bottom line despite challenging market

The annual accounts of Vilhelm Lauritzen Architects for 2023 show an increase in both revenue and profit in a market characterized by socio-economic challenges. The company experiences stable activity and aims to continue providing advice with a special focus on design and project management of large, complex buildings.

Vilhelm Lauritzen Architects has published its annual accounts for 2023, which show an increase in both revenue and profit in a market that continues to be characterised by socio-economic challenges. The accounts show a turnover of DKK 134.1 million, which is an increase of 7.6 percent compared to the previous year. The result of primary operations has also increased from DKK 11.6 million in 2022 to DKK 17.0 million in 2023.

The annual accounts reflect that last year the company had stable activity on ongoing large projects and at the same time landed a number of new projects, e.g. in Sweden. Just as the company has also completed major cases in 2023, such as Tip of Nordø and Kronløbsøen. With an EBITDA of 18.4 million DKK (EBITDA margin 13.7 per cent) and a profit before tax of DKK 19.6 million. DKK, management assesses the result and the financial development for the year as satisfactory.

"We are very satisfied with the year's results, especially in an ever-volatile market. Our focus on specialized, complex construction projects and high professionalism has been the key to maintaining stable activity and growth," says Ulrik Gregersen, Group CFO at Vilhelm Lauritzen Architects.

A more stable 2024 with a continued focus on high complexity and new sustainability requirements

In the coming year, Vilhelm Lauritzen Architects will continue to focus on strengthening its independent design and project consultancy within Life Science, safety, transport and health in particular. The company has particular expectations for the market for large, complex projects both at home and abroad, as well as the work to meet the demand for evidence-based sustainability advice.

"Right now we are experiencing that customers are demanding ambitious environmental and climate advice, just as we are looking forward to stricter requirements in the coming years. So we will continue to adapt our advice and work particularly to integrate evidence-based CO2 reduction in all phases of our projects", says Ulrik Gregersen.

The ambition for future growth must be achieved, among other things, through synergy effects achieved in collaboration with Kjaer & Richter, part of Vilhelm Lauritzen Architects, as well as STED City and Landscape, which in 2023 was fully integrated into Vilhelm Lauritzen Architects.

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