News / interim-financial-report-for-the-period-1-10-2019-30-6-2020

25.08.2020 - Company announcement

Interim financial report for the period 1/10 2019-30/6 2020

Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for the first nine months of the financial year 2019/20. The interim financial report has not been audited or reviewed by the company’s auditor.

Key highlights from the first nine months of the financial year

  • Pipe Technologies and Ground Engineering delivered results above expectations
  • Construction delivered results in line with expectations
  • High order intake in the third quarter due to the commencement of the Fehmarnbelt Link project
  • Strong cash flow from operating activities
  • Limited impact from COVID-19.

Outlook for the financial year 2019/20

In a company announcement of 18 August 2020, the outlook for the full financial year before goodwill impairment was adjusted upwards to an EBIT level in the range of DKK 615 million against previously DKK 560 million. EBIT after goodwill impairment is expected to be in the range of DKK 543 million. Revenue is expected to be approx. 2% down on the financial year 2018/19.