MT Højgaard Holding A/S: Consolidation of earnings improvement in the third quarter

THIRD-QUARTER RESULTS In the third quarter, the Group increased its level of activity, consolidating recent quarters' earn-ings improvement following good order execution and robust operations. The Group recorded a growing order intake and intensified the winding up of its remaining international activities. Revenue rose by 6% to DKK 2.6 billion, driven by growth in MT Højgaard Danmark and Enemærke & Petersen.Operating profit (EBIT) rose by 3% to DKK 126 million, and the operating...

Søborg, 14/11/2024 (informazione.it - comunicati stampa - servizi)

In the third quarter, the Group increased its level of activity, consolidating recent quarters' earn-ings improvement following good order execution and robust operations. The Group recorded a growing order intake and intensified the winding up of its remaining international activities.

ORDER INTAKE AND ORDER BOOK

The order intake rose in the third quarter with a strong contribution from new orders in multi-year construction partnerships. The order portfolio remained solid and widely spread across segments, project sizes and geography.

UPGRADED GUIDANCE FOR 2024 MAINTAINED

Based on strong performance in October and the outlook for better-than-expected operating results in the fourth quarter and strong results in the first nine months of the year, MT Højgaard Holding upgraded its profit guidance on 12 November in company announcement no. 12/2024. The upgraded forecast is maintained:

The outlook is supported by a high order book, a solid pipeline and a strong exposure to the growth segments of the market. At the end of September, 95% of the year's expected revenue from construction and engineering projects was contracted. Any proceeds from the sale of land may positively affect earnings.

“We continued the positive trend in our Danish business in the third quarter, with MT Højgaard Danmark and Enemærke & Petersen reporting fair-sized growth in activity. Through focused project execution, we consolidated recent quarters' earnings improvements and maintained a solid operating margin. The order intake showed an upward trend, and we continued our efforts to wind up the remaining international activities in Greenland,” said Rasmus Untidt, CEO.

Contact
CEO Rasmus Untidt and CFO Dennis Nørgaard may be contacted on telephone +45 3121 6872.

Rasmus Untidt and Dennis Nørgaard will be presenting the interim report at a conference call today (14 November 2024) at 10:00 a.m. (CEST). Click here to follow the conference call live.

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