Brief: MT Hoejgaard Holding Q2 EBIT Falls To DKK 12 Mln

MT Hoejgaard Holding A/S

27/08/2021 06:51

Aug 27 (Reuters) - MT Hoejgaard Holding A/S  MTHH.CO :
    * REG-MT HØJGAARD HOLDING A/S: RESULTS AS EXPECTED –
FULL-YEAR
OUTLOOK REAFFIRMED
    * UNCHANGED OUTLOOK FOR 2021
    * OPERATING PROFIT* FOR FIRST HALF WAS ALMOST UNCHANGED AT
DKK 41
MILLION, AND OPERATING MARGIN* WAS 1.2%
    * H1 REVENUE INCREASED BY 14% TO DKK 3,289 MILLION COMPARED
TO
FIRST HALF OF 2020, INCLUDING APPROX. 8% ORGANIC GROWTH.
    * Q2 EBIT DKK  12 MILLION VERSUS DKK 30  MILLION YEAR AGO
    * Q2 REVENUE DKK 1,743 MILLION VERSUS DKK 1,401 MILLION YEAR
AGO
    * MT HØJGAARD HOLDING EXPECTS CONTINUED HIGH REVENUE IN THE
SECOND
HALF OF 2021, DRIVEN BY A HIGHER LEVEL OF ACTIVITY ON PROJECTS
IN PROGRESS AND PARTNERSHIPS AS WELL AS THE START-UP OF NEW
ORDERS
    * OPERATING PROFIT IS EXPECTED TO IMPROVE SIGNIFICANTLY IN
THE
SECOND HALF, DRIVEN BY THE PORTFOLIO OF NEW ORDERS, BETTER
MARGINS, HIGHER UTILISATION OF CAPACITY AND INCREASING INCOME
FROM SALES OF PROJECTS AND PROJECT PROPERTIES IN MT HØJGAARD
PROJEKTUDVIKLING.
    * FULL-YEAR REVENUE IS CONSEQUENTLY STILL EXPECTED TO
INCREASE TO
DKK 6.8 BILLION FROM DKK 6.0 BILLION IN 2020.
    * OPERATING PROFIT IS STILL EXPECTED TO INCREASE FROM DKK
124
MILLION IN 2020 TO DKK 160 MILLION IN 2021

Source text for Eikon:  ID:nGNE3Qc2Rj 
Further company coverage:  MTHH.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))