Per Aarsleff Holding — Earnings Release 2017

Feb 24, 2017

Copenhagen, 2017-02-24 11:36 CET (GLOBE NEWSWIRE) -- Today, the Board of
Directors of Per Aarsleff Holding A/S has discussed and approved the interim
financial report for the first quarter of the financial year 2016/2017. The
interim financial report has not been audited or reviewed by the company’s
auditor.

First quarter results

-- Operating profit (EBIT) came to DKK 103 million compared to DKK 123 million
in the first quarter of last financial year. Results are in line with
expectations.
-- Consolidated revenue came to DKK 2,917 million compared to DKK 2,555
million in the first quarter of last financial year.
-- Construction generated EBIT of DKK 62 million.
-- Pipe Technologies generated EBIT of DKK 31 million.
-- Ground Engineering generated EBIT of DKK 10 million.
-- The Group’s net interest-bearing debt came to DKK 205 million as at 31
December 2016.
-- The equity ratio was 40.5% as at 31 December 2016.

Outlook for the financial year 2016/2017

-- The outlook for the full financial year remains unchanged. EBIT is expected
to amount to DKK 430 million. Revenue is expected to be approx. 5% up on
the financial year 2015/2016.

Further information:
General Manager Ebbe Malte Iversen, tel. +45 8744 2222.