MT Højgaard Holding — Earnings Release 2019

Jun 12, 2019

MT Højgaard Holding A/S: The MT Højgaard Group reaffirms outlook following cancellation of order for data centre

MT Højgaard Holding A/S: The MT Højgaard Group reaffirms outlook following cancellation of order for data centre

MT Højgaard A/S has received a cancellation of a substantial order for the construction of a data centre outside Aabenraa, as the project is being discontinued. The MT Højgaard Group reaffirms the outlook for 2019 of revenue of around DKK 7.0 billion, EBIT of around DKK 75 million, and operating cash flow in line with 2018, including settlement of provisions already made for obligations in the MgO board cases.

The cancellation of the order is expected to reduce the MT Højgaard Group’s total order book by 1.9 billion with effect over the coming 3-4 years. At the end of the first quarter of 2019, the Group’s total order book was DKK 8.8 billion.

Contact: Ann-Louise Elkjær, Vice President Communications and HR, +45 2033 8693, ale@mth.dk