Interim report for 1 January to 30 June 2018 (first half 2018)
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 June 2018.
- The group’s revenue was DKK 28 million against DKK 34 million for the same period last year. The decrease, compared to the previous year, can be attributed to a stop in the production of sleepers in a period caused by a plant switchover to another type of sleepers.
- The group recorded a loss before tax of DKK 49 million, compared to a loss of DKK 2 million for the same period in the previous year.
- The jointly controlled enterprise MT Højgaard (in which Højgaard Holding A/S holds a share of 54%) recorded an operating loss before special items for the period of DKK 90 million, compared to a profit of DKK 41 million for the same period in the previous year. Results were unsatisfactory which can, among other things, be attributed to continued write down on single projects, particularly one civil works project, lower revenue and low use of capacity. The result for the period after tax (before minority interests) was a loss of DKK 96 million, compared to a loss of DKK 3 million for the same period last year.
- As announced yesterday, the MT Højgaard group now expects an EBIT in the range of DKK 0 – 50 million. The group maintains the outlook of revenue of around DKK 6.8 billion. In addition to our 54 % share in the MT Højgaard group’s profit after tax and minority interests the Højgaard Holding group still expects a small positive result before tax.
Best regards,
Højgaard Holding A/S
Søren Bjerre-Nielsen Ditlev Fløistrup
Chairman of the board CEO |
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Contacts:
Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel. +45 4520 1500
Ditlev Fløistrup, CEO, Højgaard Holding, tel. +45 4520 1500
