According to the latest sector review from the European Federation of Engineering Consultancy Associations (EFCA) market conditions are stable or improving.
Market signals are positive: twelve out of 20 countries have seen an increase in the average order stock of the consulting engineering companies. As a result, turnover is also increasing. Eleven out of 20 countries expect the total turnover of the consulting engineering industry in their country to increase. Profitability is improving. The average EBITDA-ratio in Europe was 5.1% in 2016. Profitability is expected to improve or remain stable in 2017 and 2018 in all countries except Greece (2017) and Belgium (2018).
Finally, there is an expectation that numbers of staff will increase in eight out of 20 countries. In conclusion, activity in the consulting engineering industry in Europe is stable and improving. The market is good or very good in 12 out of 20 countries. Only Greece is expected to face continued difficulties.