MT Højgaard Holding

Legal Proceedings Report • Sep 17, 2018

MT Højgaard - Downward adjustment of expectations 2018 caused by “Arbitration case”

MT Højgaard - Downward adjustment of expectations 2018 caused by “Arbitration case”

Enclosed please find an announcement from the board of directors of MT Højgaard A/S regarding a downward adjustment of its expectations for 2018 caused by the consequences of an “Arbitration case”

For the full 2018, the MT Højgaard group previously expected revenue at the level of DKK 6.8 billion and an EBIT in the range of DKK 0 - 50 million.

This has now been adjusted to an EBIT around DKK - 400 million. Expected revenue is unchanged compared to earlier.

For 2018, 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.

Højgaard Holding A/S holds an ownership interest of 54 % in MT Højgaard A/S.

Yours faithfully, Højgaard Holding A/S   Ditlev Fløistrup CEO

Contacts:      

Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel. +45 4520 1500

Ditlev Fløistrup, CEO, Højgaard Holding, tel. (+45) 45201507

Attachment

• 2018-09-17 MT Højgaard - Downward adjustment of expectations 2018 caused by “Arbitration case”