News / interim-report-for-the-period-1-october-2012-30-june-2013

28.08.2013 - Company announcement

Interim report for the period 1 October 2012-30 June 2013

Today, the Board of Directors of Per Aarsleff A/S has discussed and approved the interim report for the first nine months of the financial year 2012/2013. The interim report has not been audited or reviewed by the company’s auditor.

Results of the first nine months:

  • Profit before tax came to DKK 132 million compared to DKK 112 million in the same period last financial year.
  • Consolidated revenue came to DKK 5,341 million.
  • Construction generated profit before interest of DKK 61 million.
  • Pipe Technologies generated profit before interest of DKK 46 million.
  • Piling generated profit before interest of DKK 35 million.
  • Net interest-bearing debt came to DKK 355 million as at 30 June 2013.

Aarsleff becomes sole shareholder in German No-Dig company after purchase of 50% shareholding:

  • During the third quarter of the financial year, Per Aarsleff A/S has acquired Aegion Corporation USA’s shareholding in Insituform Rohrsanierungstechniken GmbH in Nuremberg. Following the acquisition, Aarsleff is now sole shareholder in the German No-Dig company which was included in Pipe Technologies’ segment result as a 100 per cent owned subsidiary as per 1 June 2013. The company will operate under the name Aarsleff Rohrsanierung GmbH. The annual revenue is just over DKK 500 million, and the acquisition price is EUR 14 million in cash. For more information, please see stock exchange announcement of 26 June 2013.

Outlook for the financial year 2012/2013:

  • Per Aarsleff A/S now expects a profit before tax of DKK 180 million for the full financial year 2012/2013 compared with the previous estimate of DKK 200 million.