Legal Proceedings Report • Aug 3, 2017
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Download Source FileEnclosed please find MT Højgaard announcement of 3 August 2017 regarding that
MT Højgaard is found responsible in offshore case. The Supreme Court in London
has today issued its final ruling that MT Højgaard is liable for the costs of
repairing the grouted connections at the Robin Rigg offshore windfarm. As a
result of a provision made previously, the ruling will not affect the MT
Højgaard groups’s financial forecasts of revenue and EBIT before special items
for 2017, but special items will be affected by the costs of the legal
proceedings.
For 2017, in addition to our share of 54% in the MT Højgaard group’s profit
after tax and minority interests, the Højgaard Holding group still expects a
small positive result before tax.
The projections concerning future financial performance are subject to
uncertainties and risks that may result in a development that deviates
substantially from what is expected.
Best regards,
Højgaard Holding A/S
Ditlev Fløistrup
CEO
Contacts: Torben Biilmann, 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
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