Interim financial report for the period from October 1, 2021 to June 30, 2022

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Today, the board of directors of By Aarsleff Holding A/S discussed and approved the interim financial report for the first nine months. The interim financial report has not been audited or reviewed by the company’s auditor. The revenue growth forecast for the full year has been adjusted and we have therefore decided to bring forward the publication of the interim financial report.

Strong points

  • Consolidated sales increased by 21.6% to DKK 12,925 million
  • EBIT from continuing operations amounted to 473 million Danish kronercorresponding to an EBIT margin of 3.7%
  • High level of activity but the market is characterized by price increases and a shortage of materials
  • All five reporting segments provided results in line with expectations. Third quarter results were impacted by sharp increases in material and raw material prices
  • Good order intake and record order book
  • Cash flow from operating activities was further impacted by increased working capital due to changes in project mix.

Outlook

The outlook for the full year remains unchanged. EBIT from continuing operations is expected to be around 700 million Danish kroner. The revenue forecast is modified for a growth of approx. 20% against approx. 12%.

Change in financial calendar

As mentioned, the publication of the interim financial report has been brought forward from August 29 to August 26, 2022.

contacts

  • Jesper Kristian JacobsenAdministerrende direktør / CEO, +45 8744 2222

About Per Aarsleff Holding A/S

The Aarsleff group is a construction and civil engineering group with international reach and a leading position in the market Denmark. The Group is made up of a portfolio of independent and competitive companies, each with its own expertise.

Attachments

  • Aarsleff_Q3-22_UK_260822.pdf

© Ritzau Denmark, source Ritzau English Regulatory Notices

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