Per Aarsleff Holding — Report Publication Announcement 2021

May 28, 2021

Interim financial report for the period 1 October 2020-31 March 2021

28.5.2021 07:41:03 CEST | Per Aarsleff Holding A/S | Half Year financial report

Today, the Board of Directors of Per Aarsleff Holding A/S has discussed and approved the interim financial report for the first six months of the financial year 2020/21. The interim financial report has not been audited or reviewed by the company's auditor.

Highlights from the first six months of the financial year 2020/21

• Consolidated revenue increased by 6.3% to DKK 6,949 million
• EBIT amounted to DKK 310 million, corresponding to an EBIT margin of 4.5%
• Construction delivered results in line with expectations
• Ground Engineering had a very high level of activity in the past quarter, and results were above expectations
• Pipe Technologies had a good first half of the year in line with expectations. However, a strong increase in raw material costs is expected to have a negative impact on earnings in the second half of the year
• Continued stable order intake
• Cash flow in the past quarter is affected by settlement of the holiday pay liability and a large tax prepayment
• Continued limited impact from the coronavirus pandemic.

Outlook for the financial year 2020/21

The outlook for the full financial year remains unchanged. EBIT is expected to be in the range of DKK 600 million. Expectations for revenue are changed to a growth of approx. 7% against previously approx. 5%.

Contacts

Jesper Kristian Jacobsen, Administrerende direktør / CEO, +45 8744 2222

About Per Aarsleff Holding A/S

The Aarsleff Group is a building construction and civil engineering group with an international scope and a market leading position in Denmark. The Group comprises a portfolio of independent, competitive companies each with their own specialist expertise.

Attachments

Aarsleff\_H1\_2021\_UK.pdf