MT Højgaard A/S Secures Major E45 Expansion Project Update
MT Højgaard Danmark Wins Major Civil Works Order
MT Højgaard Holding A/S has exciting news to share as its business unit, MT Højgaard Danmark, has been awarded a notable contract by the Danish Road Directorate. This contract holds a significant value of DKK 568 million and focuses on expanding the E45 motorway near Hedensted. The project will involve constructing new lanes in both directions over a stretch of six kilometers.
Significance of the E45 Expansion
The recent order highlights MT Højgaard Danmark's commitment to expanding its footprint in the civil works and infrastructure sectors. In addition, they are currently engaged in two other substantial contracts on the E45 motorway located near Aarhus and Hedensted. This expansion further cements their reputation as a leading player in the construction industry.
Project Timeline and Expectations
Work on the E45 expansion is slated to begin in March 2025 and is expected to complete by spring 2027. For the duration of the project, MT Højgaard is focused on delivering quality and efficiency, ensuring that the expansion contributes positively to the transportation infrastructure.
Impact on Company Outlook
Despite this new commitment, MT Højgaard Holding remains steadfast in their 2024 financial outlook. They anticipate revenue to be around DKK 10.5 billion with an operating profit (EBIT) forecasted between DKK 475-495 million. This new project does not alter these expectations and reflects the company’s solid financial planning.
Company Contact Information
For further inquiries regarding this project, CEO Rasmus Untidt and CFO Dennis Nørgaard are available for contact at +45 31 21 68 72. Their responsiveness showcases the company’s transparency and dedication to stakeholders.
Frequently Asked Questions
What is the value of the new E45 expansion contract?
The contract is valued at DKK 568 million awarded to MT Højgaard Danmark.
When is the E45 expansion project scheduled to start?
The project is expected to commence in March 2025.
What is the projected completion date for the project?
Completion of the E45 expansion is projected for spring 2027.
How does this project affect MT Højgaard Holding's outlook for 2024?
The new project does not change their revenue and EBIT expectations for 2024.
Who can be contacted for more information?
For inquiries, CEO Rasmus Untidt and CFO Dennis Nørgaard can be reached at +45 31 21 68 72.
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