Announcement to the Copenhagen Stock Exchange

Today, the Board of Directors of Per Aarsleff A/S has discussed and approved the Interim Report for the first nine months of the financial year 2008/2009. The Interim Report has not been audited or reviewed by the company’s auditors.

Results of the first nine months: 

• The profit before tax came to DKK 181 million.
• Consolidated revenue reached DKK 3,646 million.
• Construction contributed profit before interest of DKK 95 million.
• Pipe Technologies contributed profit before interest of DKK 49 million.
• Piling contributed profit before interest of DKK 51 million.
• Cash flows from operating activities and investing activities constituted a positive cash flow of DKK 118 million.

Outlook for the financial year 2008/2009: 

• The company maintains its expectations for a profit before tax of approx. DKK 200 million. This implies a lower fourth quarter profit compared to last financial year. The reason is that the economic crisis now has a significant influence on the Group's activities.