Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for Q1 of the financial year 2017/18. The interim financial report has not been audited or reviewed by the company’s auditor.
Q1 results
- Consolidated revenue increased by 2.9% to DKK 3,002 million.
- Operating profit (EBIT) amounted to DKK 107 million compared to DKK 103 million in Q1 of last financial year. Results are in line with expectations.
- Construction generated EBIT of DKK 67 million (Q1 2016/17: DKK 62 million)
- Pipe Technologies generated EBIT of DKK 39 million (Q1 2016/17: DKK 31 million).
- Ground Engineering generated EBIT of DKK 1 million (Q1 2016/17: DKK 10 million).
- The Group’s net interest-bearing debt amounted to DKK 123 million as at 31 December 2017.
- The equity ratio was 40.7% as at 31 December 2017.
Outlook for the financial year 2017/18
The outlook for the full financial year remains unchanged. EBIT is expected to amount to DKK 450 million. Revenue is expected to be approx. 5% up on the financial year 2016/17.