Today, the Board of Directors of Per Aarsleff A/S has discussed and approved
the Interim Report for the first six months of the financial year 2008/2009.
The Interim Report has not been audited or reviewed by the company's auditors.
Results of the first six months:
• Profit before tax came to DKK 145 million and exceeds expectations at the
beginning of the financial year.
• Consolidated revenue reached DKK 2,524 million.
• Construction contributed profit before interest of DKK 72 million.
• Pipe Technologies contributed profit before interest of DKK 30 million.
• Piling contributed profit before interest of DKK 52 million.
• Cash flows from operating activities and investing activities constituted a
positive cash flow of DKK 208 million.
Outlook for the financial year 2008/2009:
• Despite the good interim results, the company maintains its expectations for
a profit before tax of DKK 200 million for 2008/2009.
• The Construction segment has made a slight upwards adjustment of the
expectations for the full-year results, while the Piling segment now makes a
further downwards adjustment of the expectations for the rest of the financial
year. This is owing to the prospects of a reduction in the piling activities
that are dependent on the construction sector in Denmark, England, Sweden and
Germany. Furthermore, it is underlined that the economic crisis will continue
to be a considerable element of uncertainty.
Further information:
General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222.
