News / interim-financial-report-for-the-period-1-october-31-december-2021

25.02.2022 - Company announcement

Interim financial report for the period 1 October-31 December 2021

Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for Q1 2021/22. The interim financial report has not been audited or reviewed by the company’s auditor. 

Highlights from the first quarter of the financial year 2021-22 

  • Consolidated revenue increased by 13.1% to DKK 4,146 million
  • EBIT amounted to DKK 165 million, corresponding to an EBIT margin of 4%
  • Pipe Technologies had a good start to the financial year, and results were above expectations
  • Technical Solutions had a very high level of activity and delivered results above expectations
  • Ground Engineering delivered results below expectations due to an increase in costs of materials
  • Construction and Rail delivered results in line with expectations
  • High order intake due to, among other things, the contract for the expansion of Copenhagen Airport
  • Cash flow from operating activities was still affected by increasing working capital due to changes in the project composition
  • Continued limited impact from the coronavirus pandemic. 

Outlook for the financial year 2021-22 

The outlook for the full financial year remains unchanged. EBIT is expected to be in the range of DKK 700 million. Revenue is expected to be approx. 8.5% up on the financial year 2020/21.