News / interim-financial-report-for-the-period-1-october-31-december-2025

24.02.2026 - Company announcement

Interim financial report for the period 1 October-31 December 2025

Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for Q1 2025/26. The interim financial report has not been audited or reviewed by the company’s auditors. 

Highlights

  • A first quarter with high revenue and satisfactory earnings.
  • Revenue increased by 11.9% to DKK 6,180 million.
  • EBIT amounted to DKK 254 million, corresponding to an EBIT margin of 4.1%.
  • Strong order intake of DKK 7.8 billion and order backlog of DKK 28 billion.
  • Cash flows from operating activities amounted to DKK 158 million and are negatively affected by an increase in working capital of DKK 248 million. 

Outlook for 2025/26

The outlook for the full financial year remains unchanged: 

  • Revenue growth of 6 to 11%, corresponding to revenue of DKK 24.0 to 25.1 billion.
  • EBIT margin of 5.0 to 5.5%.

”The quarter shows satisfactory results with a good order intake and a market demanding the Aarsleff Group’s expertise. We see good opportunities in the near future, not least as a result of the increased focus on defense and critical infrastructure, but also in the development of our business – most recently through the newly signed agreement to establish operations in the North American market for trenchless pipe rehabilitation.”

Jesper Kristian Jacobsen
Group CEO