Interim report for 1 January to 30 September 2013 (3rd quarter 2013)
The board of directors of Højgaard Holding A/S has today considered and approved this interim report for the period from 1 January to 30 September 2013.
- The group’s revenue in the first three quarters was DKK 2.8 billion against DKK 4.2 billion for the same period last year.
- The group recorded a loss before tax in the first three quarters of DKK 14 million, compared to a loss of DKK 65 million for the same period last year.
- In line with expectations, and similar to the second quarter, the MT Højgaard group recorded a positive operating profit in the third quarter. The profit of DKK 24 million reflects the fact that orders with a low profitability are still being completed. Profitability is gradually improving as the rigorous tender and risk management is reflected in production that meets the MT Højgaard group’s profitability requirements. For the first three quarters, the group recorded a loss before tax of DKK 35 million, compared to a loss of DKK 139 million for the same period last year.
- For the full 2013, the Højgaard Holding group still expects revenue at the level of DKK 3.8 billion with a small positive result before tax, which, however, may be impacted positively or adversely by the outcome of major disputes in MT Højgaard A/S.
| Best regards, Højgaard Holding A/S Søren Bjerre-Nielsen Ditlev Fløistrup Chairman of the board CEO |
Contacts: Torben Biilmann, president and CEO, MT Højgaard, tel. +45 2270 9020 Ditlev Fløistrup, CEO, Højgaard Holding, tel. +45 4520 1500 Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel. +45 4520 1500
