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.