News / interim-financial-report-for-the-period-1-10-2020-30-6-2021

26.08.2021 - Company announcement

Interim financial report for the period 1/10 2020-30/6 2021

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 2020/21. The interim financial report has not been audited or reviewed by the company’s auditor.

Highlights from the first nine months of the financial year 2020/21

  • Consolidated revenue increased by 8.4% to DKK 10,670 million
  • EBIT amounted to DKK 491 million, corresponding to an EBIT margin of 4.6%
  • Construction delivered results in line with expectations
  • Ground Engineering maintained the very high level of activity, and results were above expectations
  • Pipe Technologies delivered results above expectations, although increasing raw material prices had a negative impact on third quarter earnings, as expected. However, this was offset by good market conditions in the main markets
  • Continued stable order intake
  • Cash flow of the past quarter was impacted by an increase in working capital due to the revenue increase.

Outlook for the financial year 2020/21

The outlook for the full financial year is adjusted upwards to an EBIT level of DKK 625 million against previously expected DKK 600 million. Revenue expectations are changed to a growth of approx. 8% against previously approx. 7%.