In 2016, NGI was involved in more than 1000 exciting projects both at home and abroad. From large, international and very high profile projects costing in the millions, to smaller projects that help to make a big difference for our clients, partners and collaborators.
At this time every year, NGI takes stock of the previous year, determining both the operating result of the past year as well as looking back at significant projects. Through our extensive research and expert advice, NGI has since 1953 helped to ensure that we can all live, build and travel on safe ground. Download the NGI On Safe Ground Magazine 2016 to see more details and read more about our projects in 2016.
The times they are a changin'
Despite a challenging year for the offshore oil and gas market, NGI experienced a significant increase in activity towards the European offshore wind market. Our significant experience in foundations for offshore structures give us sought-after competence and knowledge. Among other things, a partnership with DONG Energy on their extensive offshore wind project at Borkum Riffgrund II in the German sector of the North Sea got under way in 2016. By transferring technology from the oil and gas sector, to the offshore wind industry, NGI contributes to the development of sustainable and renewable energy.
We are also proud of our involvement at the site for Norway’s new government building complex, providing solutions for the challenging soil conditions the entrepreneurs are facing. We are also proud of our innovation project IMIRO, which has been granted funding from The Research Council of Norway, together with Kjeller Innovasjon. It is also worth noting a couple of other research projects, namely Norwegian Geo-Test Site (NGTS) and Klima 2050 which we are conducting in close cooperation with a number of reputable partners in Norway and abroad. The latter two projects will uncover new knowledge as to how better manage and mitigate risks from natural hazards in an increasingly wetter climate.
Local and global
NGI is an international player with project and research activities in many countries across the globe. In 2016, our office in Perth, Western Australia, celebrated its second anniversary and moved into new premises in Perth Central Business District. With the acquisition of a well-regarded laboratory in the autumn of 2016, NGI’s office in Houston, Texas, enhanced its ability to provide geotechnical expertise and surveys for our clients on the American continent.
Our new partnerships and MoUs with educational and research institutions in 2016 ensure that NGI will continue to have a broad network of contacts all over the globe. NGI exports approximately 30 percent of its output in addition to our offices in Houston and Perth.
Positive outlook for 2017
The accounts for 2016 show an operating result (EBIT) of 14.2 MNOK, and the net result was 11.5 MNOK. The 2016 turnover was 447 MNOK, a 16 MNOK increase compared to 2015. Basic funding from the Research Council of Norway (RCN) was MNOK 27 or 6 percent of the turnover. NGI’s turnover comes from contract assignments from the industry, as well as the public sector, both in Norway and abroad. NGI has a solid equity, and liquidity is very good in relation to financial exposure and risk.
The market situation within NGI’s business areas are good and the order backlog at the beginning of 2017 is good. We expect a strong growth in national investments and a continued increased activity within the markets of transportation, building and construction, as well as in the international offshore wind market, in the coming years. Furthermore, we are undertaking a planning process to develop a new headquarter for NGI in Oslo, Norway, called “CAMPUS21”. This will enable NGI to continue its research and business on our own property.
Click and download the NGI On Safe Ground Magazine 2016 to read more about our market areas and NGI. The magazine will give you a taste of the kind of tasks, research projects and issues we have solved for our clients and partners in 2016, and enables you to learn more about our business.
- NGI is Norway’s largest geotechnical specialist community and a leading centre of research and consultancy in engineering-related geosciences. NGI was formally established in 1953.
- The accounts for 2016 show an operating result (EBIT) of 14.2 MNOK, including 0.8 MNOK from the SkatteFUNN R&D tax incentive scheme. The net result was 11.5 MNOK. The surplus was recognized in other capital. The 2016 turnover was 447 MNOK, a 16 MNOK increase compared to 2015. Basic funding from the Research Council of Norway (RCN) was MNOK 27 or 6 percent of the turnover.
- 37 nationalities are represented amongst our 230 employees. More than 30 percent of our total staff is of non-Norwegian origin. More than 30 percent of our staff are women. Of the 230 employees, 58 hold a PhD.
- In 2016, 46 percent of the total turnover was related to the division for Building, construction and transportation; 25 percent related to the division for Offshore energy; 15 percent related to the division for Natural Hazards; and 14 percent of NGI’s total activity in 2016 was related to the division for Environmental engineering. In addition, there were many environmental engineering aspects related to projects in the division for Building, construction and transportation.
- NGI's head office and laboratories are in Oslo, Norway, with a branch office in Trondheim, Norway, and an avalanche research station on Mount Strynefjellet in western Norway. In addition, we have subsidiaries in Houston, Texas, USA, and in Perth, Western Australia, as well as partnership agreements with well-established companies around the world.