Pre-tax profits for Danish consultant, Cowi, was US$6.3M for the 2002/03 financial year, down US$2.2M on the previous year. This is against what Cowi claims is a record turnover of US$345.6M, a 33% rise compared to the previous year. “As expected, this year has been marked by acquisition, integration and reorganisation of Cowi’s business units,” Klaus Ostenfold, Cowi CEO said. “We have earned money whilst at the same time undertaking the largest investments in Cowi’s 70-year history.” The acquisitions of Kampsax and Interconsult, alone, increased the number of employees by approximately 50%.
