Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for the first nine months. The interim financial report has not been audited or reviewed by the company’s auditor. The expectations for revenue growth for the full financial year have been adjusted, and therefore we have decided to bring forward the publication of the interim financial report.
Highlights
- Consolidated revenue increased by 21.6% to DKK 12,925 million
- EBIT from continuing operations amounted to DKK 473 million, corresponding to an EBIT margin of 3.7%
- High level of activity but the market is characterised by price increases and shortage of materials
- All five reporting segments contributed results in line with expectations. Third quarter results were impacted by the strong increases in the prices of materials and raw materials
- Continued good order intake and a record-high order backlog
- Cash flow from operating activities was still affected by increasing working capital due to changes in the project composition.
Outlook
The outlook for the full financial year remains unchanged. EBIT from continuing operations is expected to be in the range of DKK 700 million. Revenue expectations are changed to a growth of approx. 20% against previously approx. 12%.
Change of financial calendar
As mentioned, the publication of the interim financial report has been brought forward from 29 August to 26 August 2022.