26.08.2021 - Company announcement
Interim financial report for the period 1/10 2020-30/6 2021
Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for the first nine months of the financial year 2020/21. The interim financial report has not been audited or reviewed by the company’s auditor.
Highlights from the first nine months of the financial year 2020/21
- Consolidated revenue increased by 8.4% to DKK 10,670 million
- EBIT amounted to DKK 491 million, corresponding to an EBIT margin of 4.6%
- Construction delivered results in line with expectations
- Ground Engineering maintained the very high level of activity, and results were above expectations
- Pipe Technologies delivered results above expectations, although increasing raw material prices had a negative impact on third quarter earnings, as expected. However, this was offset by good market conditions in the main markets
- Continued stable order intake
- Cash flow of the past quarter was impacted by an increase in working capital due to the revenue increase.
Outlook for the financial year 2020/21
The outlook for the full financial year is adjusted upwards to an EBIT level of DKK 625 million against previously expected DKK 600 million. Revenue expectations are changed to a growth of approx. 8% against previously approx. 7%.
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Interim financial report for the period 1 October 2020-30 June 2021