Per Aarsleff tracks best day in 26 years after FY results, new outlook

Per Aarsleff Holding A/S

16/12/2022 09:48

** Shares in Per Aarsleff  PAALb.CO  jump more than 14%
after the Danish infrastructure contractor posted a rise in
annual revenue and earnings and provided outlook for next year
    ** The company reports a 23.8% rise in its FY revenue to DKK
18.12 bln ($2.59 bln) and an EBIT of DKK 727 mln, up 12.2% from
a year earlier
    ** It forecasts FY 2022/23 revenue of DKK 18.5-19.5 bln,
corresponding to 2-8% growth, and an EBIT of DKK 820-880 mln
    ** The outlook comes days after Facebook-owner Meta  META.O 
terminated a deal worth DKK 2.4 bln with the company
    ** The Per Aarsleff shares are on track for their best day
since September 1996, narrowing their YTD losses to 22%
    ** About 66,600 shares of the company have traded so far on
Friday, more than 380% of their 30-day average full-day volume
($1 = 6.9935 Danish crowns)
 (Reporting by Louise Breusch Rasmussen)
 ((Louisebreusch.rasmussen@thomsonreuters.com))