News / interim-financial-report-for-the-period-1-10-31-12-2020

25.02.2021 - Company announcement

Interim financial report for the period 1/10-31/12 2020

Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for Q1 2020/21. The interim financial report has not been audited or reviewed by the company’s auditor.

Highlights from the first quarter of the financial year 2020/21

  • Consolidated revenue increased by 4.4% to DKK 3,664 million
  • EBIT amounted to DKK 174 million, corresponding to an EBIT margin of 4.7%
  • Pipe Technologies had a good start to the financial year, and results were above expectations
  • Construction and Ground Engineering delivered results in line with expectations
  • Stable order intake
  • Positive cash flow from operating activities but affected by an increasing working capital as expected
  • Limited impact from the coronavirus pandemic.

Outlook for the financial year 2020/21
The outlook for the full financial year remains unchanged. EBIT is expected to be in the range of DKK 600 million. Revenue is expected to be approx. 5% up on the financial year 2019/20.