Brief: -Aarsleff Slashes Outlook For FY EBIT On Lost Arbitration Proceedings

Per Aarsleff Holding A/S

16/01/2019 07:48

Jan 16 (Reuters) - Per Aarsleff Holding A/S  PAALb.CO :
    * REG-AARSLEFF ADJUSTS EXPECTATIONS DOWNWARDS AFTER
UNEXPECTED
ARBITRATION AWARD
    * FULL -YEAR EXPECTATIONS FOR 2018/19 EBIT RESULTS ARE
ADJUSTED
DOWNWARDS TO DKK 460 MILLION
    * HAS LOST ARBITRATION PROCEEDINGS FROM 2015 REGARDING
CONSTRUCTION OF A BIOGAS PLANT
    * LOST ARBITRATION PROCEEDINGS RESULT IN A NEGATIVE EFFECT
ON EBIT
OF APPROX. DKK 72 MILLION
    * IN ADDITION, THERE WILL BE LITIGATION INTEREST OF DKK 16
MILLION

Source text for Eikon:  ID:nGNE5dr6Bp 
Further company coverage:  PAALb.CO 

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