Rambøll Management Consulting A/S

Ledelsesberetning

Management's reviewStructureRambøll Management Consulting A/S is part of the Rambøll Gruppen A/S and is responsible for manage-ment consultancy services across all the markets in which the Rambøll Gruppen A/S is represented.Rambøll Management Consulting A/S has offices in Copenhagen and Aarhus and is established withindependent subsidiaries in Sweden, Norway and Belgium.Development in 2024Following a strong 2023 in revenue, Rambøll Management Consulting A/S experienced a minor downturn in 2024, with revenue reaching DKK 364.694 thousand compared to DKK 395.695 thousand in 2023, a decrease of 8% which was slightly below our expected decline of 5% which is due to change in marketconditions – especially within Energy transition. The Operating profit amounted to DKK 19.544 thousand in 2024 compared to DKK 12.948 thousand in 2023, an increase of 51% which was above our expected increase of 15% to 30%. Results for subsidiaries amounted to DKK 2.943 thousand in 2024 compared to DKK 2.321 thousand in2023, which is an increase compared to previous year.Employees, diversity and inclusionIn line with our Fundamentals and our commitment to the ten UN Global Compact principles, Rambøllrespects all employees, allowing them the same professional opportunities regardless of gender, race,age, cultural background, religion or sexual orientation. As stated in our Freedom of Association Policy,all Ramboll businesses uphold the freedom of association and the right to collective bargaining. Rambøllhas a zero-tolerance policy to all forms of forced and compulsory labor. We respect labor rights of ouremployees and assess labor rights-related risks in our operations as part of our human rights risk assess-ments. As identified under salient human rights risks, the right to non-discrimination and to enjoy justand favorable conditions of work, including the right to equal pay for equal work and equal opportunitiesfor promotion, are material topics for Ramboll. All employees and business associates can anonymouslyreport any labor rights violations or other issues through our whistleblower system.An inclusive workplaceTo attract qualified employees and responsible clients to our company in the future, it is crucial to miti-gate the risk of discrimination by creating an inclusive work environment and understand the opportuni-ties that equality and diversity bring to our business. With regarding to Equality, Diversity and Inclusion, Rambøll Management Consulting A/S works withinthe policy and programming of Rambøll Gruppen A/S. As such we have involvement processes in place inour respective geographies, focusing on securing equal and fair processes in terms of recruitment, promotion and compensation, as well as personal development. It is our intention to secure a strong talent pipeline with a stronger diverse representation of race, gender, age, backgrounds, etc. To increasediversity balance in management levels. Lastly, we wish to strengthen our inclusive culture to improve our engagement and our performance. In 2024, we intend to build on the new Ramboll Listening strate-gy with a view to gathering more information on the status of EDI in Rambøll Management Consulting A/S.Gender composition of managementSecuring strong talent pipelines with a stronger diverse representation of employees will, among other initiatives, support our ambition of greater diversity balance in management levels.The Gender distribution among all employees in Rambøll Management Consulting A/S is 46% female and 54% male. Each gender should be proportionally represented in management positions to reflect the actual proportion of the general gender distribution in the Company. As in prior years, in 2024, weactively work with succession planning to develop female managers in the future, and we ensure thatour hiring process and job announcements are performed in a way that minimize unconscious bias.Unusual eventsManagement is not aware of any events subsequent to 31 December 2024 that are expected to have amaterial impact on the financial position.Expectations for the year aheadWe foresee more moderate growth across geographies in the coming year for the Management Consul-ting industry. Despite that, the outlook for 2025 remains positive and we foresee an increase of 5%to 6% in revenue and an increase in Operating profit of 5%.