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