Announcement to the Copenhagen Stock Exchange

Today the Board of Per Aarsleff A/S has discussed and approved the audited Financial Statements of the Company for 2005/2006.

Profit for the year: 

• The profit for the year came to DKK 110 million before tax.
• Consolidated revenue reached DKK 3,782 million.
• Construction contributes a result before interest at DKK 20 million.
• Pipe Technologies contributes a result before interest at DKK 50 million.
• Piling contributes a result before interest at DKK 57 million.
• Cash flow from operating activities less investments resulted in a liquidity drain of DKK 165 million.
• The Board of Directors recommends that the dividend be raised from 12% to 24% or DKK 4.80 per share. This corresponds to DKK 11 million.

Outlook for the financial year 2006/2007: 

• The outlook for the coming financial year is for a profit before tax at DKK 120 million.