Brief: MT Højgaard Holding Starts Sales Process For International Activities, Adjusts Outlook

MT Hoejgaard Holding A/S

27/10/2023 11:35

Oct 27 (Reuters) - MT Hoejgaard Holding A/S  MTHH.CO :
    * MT HØJGAARD HOLDING A/S: MT HØJGAARD HOLDING INITIATES
SALES
PROCESS FOR INTERNATIONAL ACTIVITIES – ADJUSTS OUTLOOK
    * HAS TODAY DECIDED TO SELL REMAINING FOREIGN ACTIVITIES IN
NORTHERN ATLANTIC AND THUS WIND UP BUSINESS UNIT
    * MT HØJGAARD HOLDING WILL FOCUS ON ITS PROFITABLE DANISH
BUSINESS
GOING FORWARD
    * 2023 REVENUE IS EXPECTED TO BE DKK 9.5-10 BILLION
(PREVIOUSLY:
AROUND DKK 10 BILLION)
    * 2023 OPERATING PROFIT BEFORE SPECIAL ITEMS TO BE AROUND
DKK 400
MILLION
    * TOTAL VALUE ADJUSTMENT OF DKK 53 MILLION HAS BEEN APPLIED
INCLUDING A WRITE-DOWN OF TAX ASSET RELATED TO ACTIVITIES IN
GREENLAND
    * VALUE ADJUSTMENT WILL BE RECOGNISED IN INTERIM REPORT FOR
PERIOD
1 JANUARY - 30 SEPTEMBER 2023

Source text for Eikon:  ID:nGNEc3nRwW 
Further company coverage:  MTHH.CO 

 (Gdansk Newsroom)
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