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 six months of the financial year 2007/2008. The Interim Report has not been audited or reviewed by the company’s auditors.

Results of the first six months: 

• The interim results came to DKK 149 million and are significantly above expectations. The positive performance can be attributed to an optimised cooperation between departments and subsidiaries in Denmark and abroad, a mild winter as well as generally improved planning, and risk and project management. Furthermore, some one-off contracts have progressed exceptionally well.Consolidated revenue reached DKK 2,486 million.
• Construction contributes with a profit before interest of DKK 88 million.
• Pipe Technologies contributes with a profit before interest of DKK 19 million.
• Piling contributes with a profit before interest of DKK 51 million.
• Cash flows from operating activities with deduction of investments constitute DKK 141 million.

Outlook for the financial year 2007/2008:

• For the financial year 2007/2008, the outlook for a profit before tax is DKK 250 million against DKK 190 million as previously announced.