Brief: Per Aarsleff: Upward Adjustment Of FY Expectations

Per Aarsleff Holding A/S

18/08/2020 07:35

Aug 18 (Reuters) - Per Aarsleff Holding A/S  PAALb.CO :
    * DECIDED TO MAKE AN UPWARD ADJUSTMENT OF FULL-YEAR
EXPECTATIONS
BEFORE GOODWILL IMPAIRMENT TO AN EBIT LEVEL IN RANGE OF DKK 615
MILLION COMPARED TO PREVIOUSLY DKK 560 MILLION
    * EBIT AFTER GOODWILL IMPAIRMENT IS EXPECTED TO BE IN RANGE
OF DKK
543 MILLION.
    * FY 2019/20 REVENUE IS EXPECTED TO BE APPROX. 2% DOWN ON
FINANCIAL YEAR 2018/19
    * FOR CONSTRUCTION SEGMENT, EBIT MARGIN EXPECTATIONS ARE
ADJUSTED
UPWARDS FROM APPROX. 3.7% TO APPROX. 3.9% BEFORE GOODWILL
IMPAIRMENT
    * CONSTRUCTION SEGMENT REVENUE IS EXPECTED TO BE 5% DOWN ON
LAST
FINANCIAL YEAR
    * AMONG OTHER THINGS, REVENUE DECLINE IS DUE TO A LOWER
LEVEL OF
ACTIVITY IN ICELAND OWING TO A SLOWDOWN IN BUILDING ACTIVITIES
AS WELL AS A LOWER LEVEL OF ACTIVITY IN WICOTEC KIRKEBJERG A/S
AND IN GROUP'S RAILWAY ACTIVITIES
    * GROUND ENGINEERING SEGMENT: EBIT MARGIN EXPECTATIONS ARE
ADJUSTED UPWARDS FROM APPROX. 5.0% TO APPROX. 6.0%
    * GROUND ENGINEERING SEGMENT: REVENUE IS EXPECTED TO BE
APPROX. 3%
UP ON LAST FINANCIAL YEAR
    * FOR PIPE TECHNOLOGIES SEGMENT, EBIT MARGIN EXPECTATIONS
ADJUSTED
UPWARDS FROM APPROX. 5.0% TO APPROX. 6.5%, REVENUE I EXPECTED TO
BE APPROX. 10% UP ON LAST FINANCIAL YEAR
    * UPWARD ADJUSTMENT BASED ON TOTAL, REALISED RESULTS OF 9
MONTHS
OF 2019/20, EXPECTATIONS FOR Q4

Source text for Eikon:  ID:nNDLrN1Bf 
Further company coverage:  PAALb.CO 

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